If the selling price of a book is 3/5 of its cost price find the loss percent
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When you find in the question the cost price is less than the selling price. In this case, the profit will happen. Let's discuss the concepts related to Profit and Loss and Discount and MP. Explore more from Quantitative Aptitude here. Learn now! What is the formula for loss?Loss: When the cost price is higher than the selling price, and the difference between them is the loss suffered. Formula: Loss = C.P. – S.P. Remember: Loss or Profit is always computed on the cost price. Marked Price/List Price: price at which the selling price on an article is marked.
What will be the profit percentage if the selling price is 5 times the cost price?∴ The Profit % is 25%.
What is the profit loss formula?Profit = Selling Price - Cost Price. Similarly, in the case of loss, the cost price is more than the planned selling price. Profit % = Profit/Cost Price × 100. Loss % = Loss/Cost Price × 100.
What is the selling price formula?Determine the total cost of all units purchased. Divide the total cost by the number of units purchased to get the cost price. Use the selling price formula to calculate the final price: Selling Price = Cost Price + Profit Margin.
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