Profit Defn : The excess money that the dealer collects from the people is called as gain or profit. Formula: Profit = Selling price - Cost price Loss Defn: The amount the the seller gets after selling the product less than it's cost price is known as loss. Formula: Loss = Cost price - Selling price

1. PROFIT AND LOSS
A.VICTORIYA WINSE ANGELIN
21EDM05

2. COST PRICE
◦The amount paid for a product or
commodity to purchase is called a
cost price. Also, denoted as CP.

3. SELLING PRICE
◦The amount for which the product is
sold is called the Selling Price. It is
usually denoted as SP. Also,
sometimes called a sale price.

4. PROFIT
Definition
The excess amount that the
dealer collects from the people is called
as gain or profit.

5. EXAMPLE
A shopkeeper has bought a cloth for
Rs.100 and sold it for Rs.120.
Here, the shopkeeper has made a profit
amount of Rs.20

6. FORMULA
◦ Profit = Selling price – Cost price
◦ Profit percentage = ( Profit/ Cost
price )*100

7. LOSS
Definition
The amount that the seller gets
after selling the product less than it’s
cost price is known as loss.

8. EXAMPLE
A person bought a new note book for
Rs.50 and sold it for Rs.40.
Here, the person has gone through a
loss of amount Rs.10

9. FORMULA
◦ Loss = Cost price – Selling price
◦ Loss percentage = ( Loss / Cost
price) * 100

10. Thank you