Cost Price Formula
Formula for cost price is given as:
Cost Price = Selling Price – Profit
Cost Price = Selling Price + Loss
Let’s consider an example for better understanding.
Example: Sarah sold here bicycle for Rs. 5000 while making a profit of Rs. 570. Then what is the price at which she bought that cycle.
Given,
- Selling Price (SP) = Rs. 5000
- Profit = Rs. 570
Thus, Cost Price = Selling Price – Profit
⇒ Cost Price = 5000 – 570
⇒ Cost Price = 4430.
Thus, cost price of the bicycle is Rs. 4430
Profit and Loss: Formula, Definition, Examples
Profit and Loss: Profit is the positive difference between the selling price and the cost price of an item, indicating a gain or financial benefit. It is calculated by subtracting the cost price from the selling price. Conversely, loss occurs when the selling price is less than the cost price, resulting in a negative difference. The formula for calculating profit is SP – CP, while the formula for calculating loss is CP – SP.
This article explores all the concepts related to Profit and Loss, whether it’s their formula or their percentage formula. Here we will also learn about the marked-up price and discount.
Table of Content
- What are Profit and Loss?
- Basic Concepts of Profit and Loss
- Cost Price (CP)
- Cost Price Formula
- Selling Price (SP)
- Selling Price Formula
- Marked Price (MP)
- Marked Price Formula
- Profit and Loss
- Profit (P)
- Loss (L)
- Profit and Loss Formula
- Profit Formula
- Loss Formula
- Discount Formula
- Profit and Loss Examples
- Profit and Loss – Percentage Formula
- Profit Percentage
- Loss Percentage
- Discount Percentage
- Profit and Loss Tricks
- How to Calculate Profit and Loss?
- Summarizing Important Formulas – Profit and Loss
- Profit and Loss Solved Examples
- Practice Questions – Profit and Loss
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