Table of Contents
Table of Contents
- Profit Percentage
- Loss Percentage
- Summary
- What’s Next?
In the previous segment, we had a look at overhead costs. In this segment of the chapter
‘Comparing Quantities’, we will look at Profit Percentage and Loss Percentage
What is a Profit Percentage?
The profit gained expressed in terms of percentage is known as the profit percentage.
Profit Percentage = ??????
???? ?????
× 100
For example,
Q. The cost price of product A is ₹ 20 and selling price is ₹ 25. The cost price of product B is ₹ 25 and selling price is ₹ 30. Profit in both cases is ₹ 5. Does that mean both the products are equally profitable?
Solution:
Profit Percentage =
??????
???? ?????
× 100
Product A Product B
Profit Percentage = 5 × 100 Profit Percentage = 5 × 100
20 25
= 25% = 20%
∴ Product A is more profitable than product B.
What is a Loss Percentage?
The loss suffered expressed in terms of percentage is known as the loss percentage.
