Guidance 2 Bank Exams

PROFIT AND LOSS

• This chapter is largely based on the concepts of percentage. Therefore, you must learn the rules on percentage chapter before starting this chapter.

Basic Terms

Cost Price(CP):

                          The Price Paid by the purchaser for buying the article is called CP 

of the article.

Selling Price(SP):

                          The price at which the article is sold by the seller is called selling 

price of the article.

Profit:

      The article is said to be sold at profit, if its selling price is more than its cost 

price.

                                       Profit = SP - CP

Loss:

    The article is said to be sold at loss, if its selling price is less than its cost 

price.

                                      Loss = CP - SP

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