Profit/Loss/Discount (Leaving Cert Mathematics): Flashcards

Selling price > cost price

$Profit = S.P. - C.P.$

$Profit\% = \frac{Profit}{C.P.} \times 100$

Selling price < cost price

$Loss = C.P. - S.P.$

$Loss\% = \frac{Loss}{C.P.} \times 100$

A reduction in price from the marked price

$Discount = M.P. - S.P.$

$Discount\% = \frac{Discount}{M.P.} \times 100$

Cost Price

Selling Price

Marked Price