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Profit and loss percent
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Learn it Profit or loss percent is always calculated on the cost price (CP). Selling price (SP) = CP × (1 + profit%) or CP × (1 − loss%).
Example: An item costs $\$250$ and is sold at a 12% profit. Find SP.
- SP = 112% of CP.
- $250 \times 1.12 = 280$.
- SP = $280. (Working back: CP = SP ÷ 1.12.)
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