8/17/2019 Percent Formulas

1/1

Profit – the ratio of gain to the amountinvested – the returns or proceeds fromthe amount invested

Cost Price – the amount at which the

goods are bought

Selling Price – the price at which thegoods are sold

Profit means – Selling Price > Cost Price

Profit % =

Profit = selling price – cost price

Profit = Selling Price – Cost PriceSelling Price = Cost Price + ProfitCost Price = Selling Price – ProfitProfit = Cost Price x Profit %Cost Price = Profit / Profit %Profit % = Profit / Cost Price

Loss – failure to gain

Cost Price > Selling Price

oss % =oss = Cost Price ! Selling Price

Selling Price = Cost Price ! ossCost Price = Selling Price + oss

oss = Cost Price x oss %Cost Price = oss / oss %

oss % = oss / Cost Price

Discount – a reduction in price"ar#ed Price – original price $list pricetag price&

Selling Price – a price with a discount

'iscount = "ar#ed Price – Selling PriceSelling Price = "ar#ed Price ! 'iscount"ar#ed Price = Selling Price + 'iscount

'iscount = "ar#ed Price x rate ofdiscount"ar#ed Price = 'iscount / (ate ofdiscount(ate of discount = 'iscount / "ar#ed

Price

Commission – the amount received for bu)ing or selling something on behalf of another person

*ross Proceeds = total sales

et Proceeds = the amount turned overto the owner

Commission = ,otal Sales x (ate ofCommissionCommission= *ross Proceeds – etProceedsCommission = ,otal Sales – etProceeds

et Proceeds = ,otal sales ! Commission,otal Sales = Commission + etProceedsCommission = ,otal Sales x rate ofcommission

,otal Sales = Commission / (ate ofCommission(ate of commission = Commission /,otal Sales

Simple Interest-mount 'ue = Principal + .nterest.nterest = -mount 'ue ! PrincipalPrincipal = -mount 'ue ! .nterest.nterest = Principal x (ate of interest x,imePrincipal = .nterest / $rate of interest xtime&,ime = .nterest/ $Principal x (ate ofinterest&(ate of .nterest = .nterest/ $Principal x,ime&

Cost

Gain

Cost

Loss