MATHS IN REAL LIFE
- In Marketing:-
- Profit and Loss:-
In marketing or shopping we often use math like 2 kg potato cost 60 rupees so , 1 kg cost 30 rupees . But if we talk about complex way so there is like C.P. , S.P. and etc.
in the above paragraph we discuss about C.P. & S.P. so, now we are studying this ; here the C.P. stand for Cost Price which means the price at which we have purchase something and S.P. means the price at which we are selling something. And buy this we are discussing some other topic or point like profit and loss. As you heard something like profit and loss ; so the profit is a term used to gain , or in other word we can say like gain or gaining and loss means loss or losing.
- Relation of profit and loss between C.P. AND S.P. :-
Already we learn profit , loss, C.P. and S.P. So we have to learn some relation between them .
Frist , profit ; If the C.P. is less than S.P. so , S.P. - C.P. = profit
Therefore, Profit = S.P. - C.P.
Frist , Loss ; If the S.P. is less than C.P. so , C.P. - S.P. = loss
Therefore, Loss = S.P. - C.P.
- Relation of Profit with C.P. and S.P. :-
We all know that profit = selling price - cost price
Therefore, cost price = selling price - profit selling price = profit + cost price
Therefore, Profit % = profit X 100 C.P.
- Relation of Profit with C.P. and S.P. :-
- Relation of Loss with C.P. and S.P. :-
We all know that loss = cost price - selling price
Therefore, selling price = cost price - loss cost price = loss + selling price
Therefore, Loss % = Loss X 100 C.P.
- Relation of Loss with C.P. and S.P. :-