A store buys goods from manufacturer at cost price, a customer in turn buys the good from the store

Question

A store buys goods from manufacturer at cost price, a customer in turn buys the good from the store at selling price.
The store makes a profit when the selling price is more than the cost price and a loss when the selling price is less than the cost price.

Profit ${= \mathrm{selling \ price} - \mathrm{cost \ price}}$

Loss ${= \mathrm{cost \ price} - \mathrm{selling \ price}}$

Profit as Percentage of cost price ${= \frac{\mathrm{Profit}}{\mathrm{Cost \ Price}} \times 100\%}$

Loss as Percentage of the cost price ${= \frac{\mathrm{Loss}}{\mathrm{Cost \ Price}} \times 100\%}$

Accepted Answer

Profit: $S-C$. Loss: $C-S$. Percentage: $\dfrac{\text{profit or loss}}{C}\times100\%$.

Profit and Loss

Profit and Loss

Video Solution:

Solution:

Solution locked