In this article we will learn about Profit and Loss

**If, S.P denotes Selling Price****C.P=> Cost Price**Profit and Loss |

**Then,****Gain=S.P-C.P****Loss=C.P-S.P****Loss or Gain is always reckoned on C.P****Gain% = [Gain×100/C.P]****Loss% = [Loss×100/C.P]****Selling Price (S.P) = [(100+Gain%)/100 ×C.P]****Selling Price (S.P) = [(100-Loss%)/100 ×C.P]****Cost Price (C.P) = [(100/100+Gain%) ×S.P]****Cost Price (C.P) = [(100/100-Loss%) ×S.P]**

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