Subir Das Math Book Solution || Profit & Loss Part-6 ||Question no 36 to 70 || Math By Ramen Sir

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Profit and Loss Part 6|| Basic Conceptwise This video made in Bengali Language By Ramen Sir , Basicwise math না শিখলে পরীক্ষায় অংক করা খুব কঠিন।
Profit and Loss Basic Concepts
Part1:    • Profit and Loss Part 1|| Basic Concep...  
Part2:    • Profit and Loss Part 2 || Basic Conce...  
Part3:    • Profit and Loss Part 3 || Basic Conce...  
Alligation Method:    • Alligation Method  
Let us learn profit and loss concepts in maths. It is well explained in terms of cost price and selling price.

Profit(P)
The amount gained by selling a product with more than its cost price.

Loss(L)
The amount the seller incurs after selling the product less than its cost price, is mentioned as a loss.

Cost Price (CP)
The amount paid for a product or commodity to purchase it is called a cost price. Also, denoted as CP. This cost price is further classified into two different categories:

Fixed Cost: The fixed cost is constant, it doesn’t vary under any circumstances
Variable Cost: It could vary depending as per the number of units

Selling Price (SP)
The amount for which the product is sold is called Selling Price. It is usually denoted as SP. Also, sometimes called a sale price.

Marked Price Formula (MP)
This is basically labelled by shopkeepers to offer a discount to the customers in such a way that,

Discount = Marked Price – Selling Price
And Discount Percentage = (Discount/Marked price) x 100

Profit and Loss Formulas
Now let us find profit formula and loss formula.

The profit or gain is equal to the selling price minus cost price.
Loss is equal to cost price minus selling price.
Profit or Gain = Selling price – Cost Price
Loss = Cost Price – Selling Price

The formula for the profit and loss percentage is:

Profit percentage = (Profit /Cost Price) x 100
Loss percentage = (Loss / Cost price) x 100

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