Subscribe to our YouTube channel for the latest videos, updates, and tips.
Calculate Profit or Loss Percent
We will learn how to calculate profit or loss percent using formula. We know when the selling price is more than the cost price, the seller makes a profit and when the selling price is less than the cost price, the seller suffers a loss.
Formula to find profit or loss percent:
Profit% = (profit/cost price) × 100%
Loss% = (loss/cost price) × 100%
Solved examples:
1. Adrian bought 50 dozen pencils at $8 a dozen. Out of these, 20 pencils were found broken. He sold the remaining pencils at $0.80 each pencil. Find his gain or loss percent.
Solution:
Cost price (C.P.) of 50 dozen pencils = $8 × 50 = $400.
Number of broken pencils = 20.
Total number of pencils = 50 × 12 = 600.
Number of good pencils = 600 - 20 = 580.
Selling price (S.P.) of 580 pencils = $ 0.80 × 580 = $ 464.
Since, selling price (S.P.) > cost price (C.P.), there is a gain.
Gain = selling price (S.P.) - cost price (C.P.)
= $(464 - 400)
= $64
Gain% = gain/cost price × 100
= 64/400 × 100
= 6400/400
= 16
Therefore, gain percent is 16%
More examples to calculate profit or loss percent:
2. A dealer bought 18 chairs at $550 per chair. He sold 12 of them at $650 per chair and the remaining chairs at $ 500 per chair. Find his gain or loss percent.
Solution:
Cost price (C.P.) of 18 chairs = $550 × 18 = $9900.
Selling price (S.P.) of 12 chairs = $650 × 12 = $7800.
Number of remaining chairs = 18 - 12 = 6.
Selling price (S.P.) of remaining 6 chairs = $500 × 6 = $3000.
Total selling price (S.P.) of 18 chairs = $7800 + $3000 = $10800.
Since, selling price (S.P.) > cost price (C.P.), there is a gain.
Gain = selling price (S.P.) - cost price (C.P.)
= $10800 - $9900
= $900
Gain% = gain/cost price × 100
= 900/9900 × 100
= 90000/9900
= 100/11
= 9 1/11
Therefore, gain percent is 9 1/11%
To find Profit or Loss when Cost Price and Selling Price are Given
To find Selling Price when Cost Price and Profit or Loss are Given
To find Cost Price when Selling Price and Profit or Loss are Given
Calculate Profit or Loss Percent
Calculate Profit and Selling Price
Calculate Loss and Selling Price
From Calculate Profit or Loss Percent to HOME PAGE
Didn't find what you were looking for? Or want to know more information about Math Only Math. Use this Google Search to find what you need.
Recent Articles
-
Converting Fractions to Decimals | Solved Examples | Free Worksheet
May 10, 25 03:50 AM
In converting fractions to decimals, we know that decimals are fractions with denominators 10, 100, 1000 etc. In order to convert other fractions into decimals, we follow the following steps: -
Converting Decimals to Fractions | Solved Examples | Free Worksheet
May 10, 25 03:27 AM
In converting decimals to fractions, we know that a decimal can always be converted into a fraction by using the following steps: Step I: Obtain the decimal. Step II: Remove the decimal points from th… -
Division of a Decimal by a Decimal |Decimal Division|Dividing Decimals
May 10, 25 02:36 AM
Division of a decimal by a decimal are discussed here. 1. 14.7 ÷ 2.1 Solution: 14.7 ÷ 2.1 [Count the number of decimal digits in the divisor and we observe that after decimal there is 1 -
Expanded form of Decimal Fractions |How to Write a Decimal in Expanded
May 07, 25 01:48 AM
Decimal numbers can be expressed in expanded form using the place-value chart. In expanded form of decimal fractions we will learn how to read and write the decimal numbers. Note: When a decimal is mi… -
Dividing Decimals Word Problems Worksheet | Answers |Decimals Division
May 07, 25 01:33 AM
In dividing decimals word problems worksheet we will get different types of problems on decimals division word problems, dividing a decimal by a whole number, dividing a decimals and dividing a decima…
● Profit And Loss - Worksheets
Worksheet on Calculating Profit or Loss
Worksheet on Calculating Cost Price
Worksheet on Calculating Selling Price
Worksheet on Cost Price and Selling Price
Worksheet on Calculating Profit or Loss Percent
Worksheet on Profit or Loss Percent
Worksheet on Calculating Overhead Charges
New! Comments
Have your say about what you just read! Leave me a comment in the box below. Ask a Question or Answer a Question.