There is an important topic for the **bank job** is “**Profit & Loss**” .Some are the necessary terms and important formulae related from this subject.Also see the proper examples with explanations. Candidates preparing for **IBPS bank exam (Clerk,PO,SO)** can also download these “**must have notes**” in the **PDF** format.

Contents

## What is Cost Price(C.P.)

Price at which goods are or have been been brought.

## What is Selling Price(S.P.)

Price at which goods are sold.

## Profit

S.P. is greater than C.P. then said to be profit.

## Loss

S.P. is less than C.P. then said to be loss.

## Formulae

- Profit or Gain=(S.P.)-(C.P.)
- Loss = (C.P.)-(S.P.)
- Loss or gain calculated through C.P.
- Gain %=( )
- Loss %=()
- S.P.=
^{(100+ Gain%)}⁄_{100}*C.P. - S.P.=
^{(100-Loss%)}⁄_{100}*C.P. - C.P.=
^{(100}⁄_{100+Gain%)}*S.P. - C.P.=
^{(100}⁄_{100-Loss%)}*S.P. - If item sold at a gain of say 35% then S.P.=135% of C.P.
- If item sold at a loss of say 35% then S.P.=65% of C.P.
- When a person sells two things,one is x% profit and other is x% loss then seller gives a loss Loss%=(^2

Question 1:A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

Question 2:On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is: