UPSKILL MATH PLUS

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Learn more### Theory:

**To find the profit or loss percentage, we can use the following formulas:**

**1.**To determine the profit percentage:

If the profit and the cost price of the product are given, we can find the profit percentage.

Profit \(\% =\) $\frac{\mathit{Profit}}{\mathit{Cost}\phantom{\rule{0.147em}{0ex}}\mathit{price}}\times 100$

**2.**To determine the loss percentage:

If the loss and the cost price of the product are given, we can find the loss percentage.

Loss \(\% =\) $\frac{\mathit{Loss}}{\mathit{Cost}\phantom{\rule{0.147em}{0ex}}\mathit{price}}\times 100$.

If any two values are known in the above formulas, we can figure out the other values by simply rearranging the formulas.