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

When $S.P. > C.P.$

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

$40\%$

When $S.P. < C.P.$

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

$20\%$

A reduction in price

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

$20\%$

Cost Price