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

UPSKILL MATH PLUS

Learn Mathematics through our AI based learning portal with the support of our Academic Experts!

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 \(\% =\) \(\frac{\text{Profit}}{\text{Cost price}}\)\(\times100\)

2. To determine the loss percentage:

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

Loss \(\% =\) \(\frac{\text{Loss}}{\text{Cost price}}\)\(\times100\)

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

Did you find an error?

4. Formula for profit and loss percentage