Competition ZENITH

Cost Price  The price, at which an article is purchased, is called its cost price, abbreviated as C.P. Selling Price The price, at which an article is sold, is called its selling prices, abbreviated as S.P. Profit/Gain :  If the overall Selling Price exceeds the Cost Price of the seller then he is said to have a Profit or gain. Profit/gain = SP – CP Profit % = Profit/(C P)×100 S P = (100+gain % )/100  ×C P C P = 100/(100+gain %)×S P Loss:  If the overall Cost Price exceeds the selling price of the buyer then he is said to have incurred loss. Loss = C P – S P Loss % = LOSS/(C P)×100 S P = (100-loss %)/100×C P C P = 100/(100-loss %)×S P Profit and Loss Based on Cost Price To find the percent gain or loss, divide the amount gained or lost by the cost.  Example : A toy that cost 80 rupees is sold at a profit of 20 rupees . Find the percent or rate of profit. Answer: G...