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Aptitude:Profit and loss

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APTITUDE: PROFIT AND LOSS COST PRICE: The price, at which an article is purchased, is called its cost price, abbreviated as C.P. SELLING PRICE: The price, at which an article is sold, is called its selling price, abbreviated as S.P. PROFIT OR GAIN: If S.P. is greater than C.P., the seller is said to have a profit or gain. LOSS: If S.P. is less than C.P., the seller is said to have incurred a loss. IMPORTANT FORMULAE 1. Gain = (S.P.) - (C.P.) 2. Loss = (C.P.) - (S.P.) 3. Loss or gain is always reckoned on C.P. 4. Gain Percentage: (Gain %) Gain x 100 Gain % = C.P. 5. Loss Percentage: (Loss %) Lo ...
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