# Profits formula. This is the aptitude questions and answers section on "Profit and Loss Important Formulas" with explanation for various interview, competitive examination and entrance test. Solved examples with detailed answer description, explanation are given and it would be easy to understand.

## Profits formula. Net profit is also referred to as the bottom line, net income, or net earnings. The formula for net profit is as follows: Total Revenue -Total Expenses = Net Profit. Net profit is found on the last line of the income statement, which is why it's often referred to as the bottom line. Let's look at a hypothetical income statement for.

In this article we cover the basic definitions, formulas, solved examples and wrap it up with some practice questions. An article is purchased for Rs. Find the gain percent. A man sold a fan for Rs. A man bought some toys at the rate of 10 for Rs.

Find his gain or loss percent. The cost price of 10 pens is the same as the selling price of n pens. Find his total gain percentage. A man bought two bicycles for Rs. Find at what percent above the cost price did he mark his goods.

If the article was sold for Rs. Find the marked price of the article. Our counsellors can help you with career counselling and admissions consulting. Check out our free resources for: In this problem, always asked for to find CP. Let Cost price of A and B are a , b respectively.

A incurred loss of while B earned a profit of So over all difference is P should be 1. This should be equal to 0. If his SP is Rs. The percentage of loss on the basis of cost price is. Find The Cost Price? Lets say that he purchased at a price of , considering actual price of the thing is rs.

So, He incurred a loss of 20 rs. A man sold his bicycle for Rs ; losing one-ninth of its selling price, find: What profit will he earn if he gives no discount? Consider the article has an original C. What percent of the regular price was the final price of the suit after the two reductions? A sum of Rs 40, annual simple interest rate of 10 percent at the end of 5 years the total amount is given. Rs 92 by the end of the 5th Vsn gives So tell your full repay the amount he had at the end of 2 years.

But, as NO Loss or Profit incurred. Mr chowdhary purchased a house for Rs 6. He then sold it for Rs 8 lac. Find his gain percentage?? Cost Price of the item is Rs. The original Price of the book is 60 Rs. PlSe solve this if c. What is the profit percent in transaction? P originally of the Article is Rs.

If the marked price of the article is Rs, what is the original SP of the article? By selling 33 books, a shopkeeper get profit equals to cost price of 11 books. Here, Rohit Sold his goods at a final price of , i. Now, For customer, Rs. Your email address will not be published. This is the price at which an article is purchased. This is the price at which an article is sold. If the selling price is more than the cost price, the difference between them is the profit incurred.

If the selling price is less than the cost price, the difference between them is the loss incurred. Profit or Loss is always calculated on the cost price. This is the price marked as the selling price on an article, also known as the listed price. This is the reduction in price offered on the marked or listed price. Below is the list of some basic formulas used in solving questions on profit and loss: Solved Examples Question 1: Let the price of each pen be Re.

Then the cost price of n pens is Rs. Let us consider 1 kg of grocery bag. Let the cost price of each gram be Re. Let the other profit percent be x. Then, our equation looks like this. Let the cost price be Let the marked price be x. Let the marked price of the article be x. So the article was marked at Rs. Profit and Loss Quiz: Explanation Let the selling price be x. A sells a set of books to B for Rs. Hire us to improve your chances of getting into the top international universities.

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