Percentage Profit and Loss

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Maths (Number) Mind Map on Percentage Profit and Loss, created by abbylebus on 12/05/2013.
abbylebus
Mind Map by abbylebus, updated more than 1 year ago
abbylebus
Created by abbylebus over 11 years ago
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Resource summary

Percentage Profit and Loss
  1. If you buy a product, the price you pay is the cost price. If you sell the product, the price you sell it for is the selling price.
    1. Profit (or loss) is the difference between the cost in price and the selling price.
      1. You can write profit or loss as the percentage of the original price:
        1. Percentage profit = profit (or loss) / Original amount (or price) x 100%
        2. Examples:
          1. Charlotte bought a flat for £137000. She sold it four years later for £185000. Calculate her percentage profit.
            1. Profit is £185000-£137000=£48000
              1. Percentage profit is 48000/137000 x 100% = 35%
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