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
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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
Profit Percentage
| Product A | Product B | |
| entage = 5 | Profit Percentage = 5 × 100 | |
| 20 | = 25% | 25
= 20% |
× 100
∴ 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.
