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Profit and Loss Formulas for Exams

Memorise the standard formulas that connect CP, SP, MP, discount, and percentage.

Coaching Notes

Study Notes

Exam ready Quick revision

Memorise the standard formulas that connect CP, SP, MP, discount, and percentage.

What to focus on

  • Keep CP as base in profit and loss percentage.
  • Keep MP as base in discount percentage.

Quick formula / idea

  • Profit% = (Profit / CP) × 100
  • Discount% = (Discount / MP) × 100

MP = 1000, SP = 850, so discount = 150 and discount% = 15%.

Practice prompts

  • Find discount% if MP = 640 and SP = 544.
  • Find profit% if CP = 250 and SP = 300.
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