Quantitative Aptitude : Profit & Loss & Discount

Profit, Loss & Discount:

• Cost Price: The amount, at which an article is purchased or manufactured is known as its cost price.

The cost price is abbreviated as C.P.

• Selling Price: The price at which an article is sold is known as its selling price.

The selling price is abbreviated as S.P.

• Profit = Selling price – Cost price (Profit = S.P. – C.P.)

Note: Profit is generated, when

      Selling price > Cost price

 Loss = Cost price – Selling price (Loss = C.P. – S.P.)

Note: Loss is incurred, when Cost price > Selling price

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