We at **ask-math **believe that educational material should be free for everyone. Please use the content of this website for in-depth understanding of the concepts. Additionally, we have created and posted videos on our youtube.

**We also offer One to One / Group Tutoring sessions / Homework help for Mathematics from Grade 4th to 12th for algebra, geometry, trigonometry, pre-calculus, and calculus for US, UK, Europe, South east Asia and UAE students.**

**Affiliations with Schools & Educational institutions are also welcome.**

Please reach out to us on [email protected] / Whatsapp +919998367796 / Skype id: anitagovilkar.abhijit

We will be happy to post videos as per your requirements also. Do write to us.

Profit and Loss : In our daily life, we buy goods from the shopkeepers in the market which they buy either directly from the manufacturers or through the wholesalers. In order to earn money the shopkeeper sell goods at higher price than which they bought.When Selling Price of an article is greater than Cost Price then there is Profit.

S.P > C.P -----> Profit |

Profit = P = S.P - C.P |

Jackson purchased a toy car at $125 $ and sold it at $ 138 $. State whether there is profit or loss and how much?

Cost price = c.p = $125$

Selling Price = S.P = $138 $

As S.P >C.P, there is a profit.

P = S.P – C. P

P = 138 – 125

P = $ 13 $

When Selling Price of an article is less than Cost Price then there is Loss.

S.P < C.P -----> Loss |

Loss = L = C.P - S.P |

Ally purchased a bag for $230 $ and sold it at $175 $. State whether there is profit or loss and how much?

Cost Price = C. P = $230 $

Selling Price = S.P = $175 $

As S.P < C.P, there is a loss.

L = C.P – S. P

L = 230 – 175

L = $ 55 $

• Finding profit or loss percent

• Finding cp when sp and Profit or Loss percent are given

• Finding sp when cp and Profit or Loss percent are given

• Solved examples on Profit - Loss

7th grade math

8th grade math

Home Page

GMAT

GRE

1st Grade

2nd Grade

3rd Grade

4th Grade

5th Grade

6th Grade

7th grade math

8th grade math

9th grade math

10th grade math

11th grade math

12th grade math

Precalculus

Worksheets

Chapter wise Test

MCQ's

Math Dictionary

Graph Dictionary

Multiplicative tables

Math Teasers

NTSE

Chinese Numbers

CBSE Sample Papers