Percentages 1 - How to Calculate Profit and Loss / Cost Price and Selling Price | SHS 2 CORE MATH

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SHS 2 CORE MATH | Percentages 1 - How to Calculate Profit and Loss.
In this video, we are going to discuss application of percentages, we will focus more on calculating Profit and Loss.

A percentage is a number or ratio expressed as a fraction of 100.
Profit = Selling price - Cost Price
Profit percentage = Profit/Cost Price x 100

Loss = Cost Price - Selling price
Loss percentage = Loss/Cost Price x 100

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