### Basics of Profit and Loss-Part1

Welcome to www.job-updates.com First of all welcome to www.job-updates.com and we are providing all job updates, jobs information, shortcuts or tricks on Aptitude ( Number series , simplification , time and work , time and distance , time and speed ), reasoning, General Knowledge, as well as current affairs. Profit and Loss Basic Definitions and Formulas Cost price (C.P.): Buying price. Selling price (S.P.): sales Price. Profit/Gain: If the selling price is more than the cost price, the difference between them is the profit occurred. Formula: Profit/ Gain = S.P. – C.P. Loss: If the selling price is less than the cost price, the difference between them is the loss occurred. Formula: Loss = Cost price (C.P.) – Selling Price (S.P.) Profit or Loss is always calculated on the cost price. Marked price: This is the price marked as the selling price on an article, also known as the listed price. Discount or Rebate: This is the reduction in price offered on the marked or liste