Formula for profit and loss percentage — lesson. Mathematics CBSE, Class 7.

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To find the profit or loss percentage, we can use the following formulas:

1. To determine the profit percentage:

If the profit and the cost price of the product are given, we can find the profit percentage.

Profit \(\% =\)

\frac{Profit}{Cost price} \times 100

2. To determine the loss percentage:

If the loss and the cost price of the product are given, we can find the loss percentage.

Loss \(\% =\)

\frac{Loss}{Cost price} \times 100

If any two values are known in the above formulas, we can figure out the other values by simply rearranging the formulas.

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6. Formula for profit and loss percentage