CHAPTER 3 FORMULAS WOOHOO

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Profit

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22 Terms

1

Profit

selling p - cost p

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2

Loss

cost p - selling p

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3

Profit or loss %

profit or loss/cost price x 100

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4

Profit or loss if CP and % is given

% / 100 x CP

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5

Selling P (profit.)

CP + profit.

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6

Selling P (loss)

CP - loss.

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7

CP in case of profit

SP x 100/ 100 + profit %

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8

Cp in case of loss

SP x 100 / 100 - loss %

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9

Discount

marked price - sale price

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10

Discount %

Discount / marked price x 100.

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11

Finding the marked price

  • 100% - Discount %

  • 1% of the marked price = Selling price / sum of previous subtraction.

  • 100% of the marked price = selling price / sum of previous subtration x 100.

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12

Finding sale price using the discount %

  • 100% - discount %

  • Sum of previous subtration / 100 x found marked price (found using previous formula.)
    = answer!

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13

Finding selling price inclusive of GST

17% / 100 x cost price before GST.
= sum.
Cost price before GST + sum = answer!

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14

Finding marked price when cost price inclusive of GST and GST % is already given.

Marked price = selling price / (1 + GST rate. e.g : 1 + 17% = 1.17%)

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15

Total amount payable

marked price - discount + service charge + GST payable.

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16

Service charge

service charge (in %) x (marked price - discount)'

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17

GST payable

GST (in %) x (marked price - discount + service charge.)

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18

finding commission

Comission % / 100 x selling price.

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19

finding the selling price of a property.

selling price = x

commission % / 100 x X
x = commission / sum
= answer!

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20

Calculating how much zakat to pay.

2.5/100
2.5/100 x yearly savings.

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21

Finding yearly savings when Zakat is given.

100 × zakat given / 2.5

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22

Finding how much Ushr to pay.

= value of agricultural output x ushr rate.

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