Math Made Favourable

              Profit, Loss, and Discount Everyday transactions  from buying groceries to selling goods - involve the ideas of profit , loss , and discount .  These concepts form the foundation of business mathematics and financial decision-making. Basic Terms You Must Know Before diving into formulas, let’s define key terms used in trading: Cost Price (C.P.): The price at which an article is bought. Selling Price (S.P.): The price at which the article is sold. Marked Price (M.P.): The price shown on the article before any discount. Discount: The reduction given on the marked price. Profit or Gain: When the selling price is greater than the cost price. Loss: When the selling price is less than the cost price. Formulas Profit = S . P . − C . P . \text{Profit} = S.P. - C.P. Loss = C . P . − S . P . \text{Loss} = C.P. - S.P. Percentage Profit or Loss = Profit or Loss Cost Price × 100 %...