When something is bought and sold, the difference between what it cost and what it sold for is either a profit or a loss. Drag the sliders and watch it flip between the two.
Try it: set Selling Price lower than Cost Price to see a loss.
The Cost Price (CP) is what a shopkeeper pays to buy or make something. The Selling Price (SP) is what it's sold for to a customer. If SP is more than CP, the shopkeeper makes a profit. If SP is less than CP, the shopkeeper makes a loss.
Only when SP is more than CP.
Only when CP is more than SP.
The item is sold for exactly what it cost.
Profit % = (Profit ÷ CP) × 100. A toy costs ₹150 and sells for ₹180 — profit is ₹30.
Profit % = (30 ÷ 150) × 100 = 20%
Loss % = (Loss ÷ CP) × 100. A book costs ₹80 and sells for ₹68 — loss is ₹12.
Loss % = (12 ÷ 80) × 100 = 15%
A pen costs ₹40. It is sold at a 25% profit. Find the Selling Price.
Profit = 25% of 40 = 10, so SP = 40 + 10 = ₹50
A bag is sold for ₹90 at a 10% loss. Find the Cost Price.
If SP is 90% of CP, then CP = 90 ÷ 0.9, so CP = ₹100
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