Comparing Quantities
Profit & Loss and Simple Interest
Important points
Simple Interest
1. C.P. = Cost Price (Amount at which goods are purchased)
2. Sales Tax, VAT, cartage etc.are included in cost price.
3. S.P. = Selling Price (Amount at which goods are sold)
4. If SP > CP then it is Profit or Gain. Profit = SP - CP
5. If CP > SP then it is Loss. Loss = CP - SP
6. Profit of Loss per cent is always calculated on the cost price.
Simple Interest
1. C.P. = Cost Price (Amount at which goods are purchased)
2. Sales Tax, VAT, cartage etc.are included in cost price.
3. S.P. = Selling Price (Amount at which goods are sold)
4. If SP > CP then it is Profit or Gain. Profit = SP - CP
5. If CP > SP then it is Loss. Loss = CP - SP
6. Profit of Loss per cent is always calculated on the cost price.








