Profit And Loss formula

The situations described in this topic are from the point of view of the person selling something to someone else.

The 'cost price' is how much the item cost the shop owner.

The 'selling price' is what he is selling it for.

If the shop sells a thing for more than they paid for it, then the difference is the 'profit':

Profit = selling price - cost price

If the shop sells a thing for less than they paid for it, then the difference is the 'loss':

Loss = cost price - selling price

Both profit and loss can be expressed either in Rupees, OR as a percentage of the cost price.

Question 1. A shopkeeper buys scientific calculators in bulk for Rs.150 each. He sells them for Rs. 175 each.Calculate the profit on each calculator in rupees, and as a percentage of the cost price.

Solution: cost price = Rs.150,  selling price = Rs.175

   profit = selling price - cost price

  =   Rs. 175 – Rs.150

  =   Rs. 25

  Expressing the profit as a percentage of the cost price:

Profit % =

CBSE NCERT Solutions for Class 8 Maths

class 8 maths NCERT solutions Chapter 1: Rational Numbers

class 8 maths NCERT solutions  Chapter 2: Linear Equations in One Variable

class 8 maths NCERT solutions  Chapter 3: Understanding Quadrilaterals

class 8 maths NCERT solutions Chapter 4: Practical Geometry

class 8 maths NCERT solutions  Chapter 5: Data Handling

class 8 maths NCERT solutions  Chapter 6: Square and Square Roots

class 8 maths NCERT solutions  Chapter 7: Cube and Cube Roots

class 8 maths NCERT solutions  Chapter 8: Comparing Quantities

NCERT Class 8 Maths solution Chapter 9: Algebraic Expressions and Identities

class 8 maths NCERT solutions  Chapter 10: Visualizing Solid Shapes

class 8 maths NCERT solutions Chapter 11: Mensuration

class 8 maths NCERT solutions  Chapter 12: Exponents and Powers

class 8 maths NCERT solutions  Chapter 13: Direct and Inverse Proportions

class 8 maths NCERT solutions  Chapter 14: Factorization

class 8 maths NCERT solutions  Chapter 15: Introduction to Graphs

class 8 maths NCERT solutions  Chapter 16: Playing with Numbers

Notes,worksheet and solved question for Maths class 8 

1.  class 8 maths notes on chapter Liner equation in one variable
2. class 8 maths notes on chapter algebric expression 
3. class 8 maths notes on chapter Mensuration 
4. class 8 maths notes on chapter Square and square roots 
5. class 8 maths notes on chapter statistice
6. class 8 maths notes on chapter practical Geometry
7. class 8 maths notes on chapter commericial maths
8. class 8 maths notes on chapter solid shape
9. class 8 maths notes on chapter quadrilaterals
10. class 8 maths notes on chapter exponents
11. class 8 maths notes on chapter factorisation 
12. class 8 maths notes on chapter inverse proporation 
13. class 8 maths notes on chapter cube and cube roots 

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chapter wise online test for class 8 maths