- Convert 0.125 into a percent. 0.125 =^0.^125100 ×^100 =^ 12.5 100 =^ 12.5%
- Convert 43 into a percent. 43 = 43 ××^100100 =^10075 =^ 75%
- Profit and loss
The money paid by a shopkeeper to buy an article from the manufacturer or
wholesale dealer is said to be the cost price of the article, which is normally denoted
as C.P.
The price at which the shopkeeper sells the article to a consumer which will normally
be more than the cost price is called the selling price of the article and is denoted
as S.P.
If the selling price of an article is greater than the cost price, then the shopkeeper
earns a gain or profit. The word ‘profit‘ literally means a financial gain.
Thus, gain or profit = S.P – C.P
Further, C.P = S.P – Profit
S.P = C.P + Profit
If the selling price of an article is less than the cost price then the shopkeeper
suffers a loss.
Therefore, Loss = C.P – S.P
Further, S.P = C.P – Loss
C.P = S.P + Loss
Eg. : An article was bought for 100 units and sold for 150 units. Find out the profit or
loss.
C.P of the article = 100 units
S.P of the article = 150 units
