Maths----Profit and Loss---04/02/15

Cost Price (CP)- price at which an article is purchased.

Selling Price (SP)-Price at which article is sold.

Marked Price (MP)- Price printed on the article.

Profit -when SP > CP
        P=SP-CP
*Profit% / loss% is always calculated on CP

Profit %= P*100/CP    

Loss- when CP>SP
      L = CP-SP

Loss %= L*100/CP   

Discount=MP-SP
*Discount is always calculated on MP.

Discount %= D*100/MP