# Percentage Profit and Loss

Mind Map by abbylebus, updated more than 1 year ago
 Created by abbylebus over 7 years ago
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### Description

Maths (Number) Mind Map on Percentage Profit and Loss, created by abbylebus on 05/12/2013.

## 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.
2 Profit (or loss) is the difference between the cost in price and the selling price.
3 You can write profit or loss as the percentage of the original price:
3.1 Percentage profit = profit (or loss) / Original amount (or price) x 100%
4 Examples:
4.1 Charlotte bought a flat for £137000. She sold it four years later for £185000. Calculate her percentage profit.
4.1.1 Profit is £185000-£137000=£48000
4.1.1.1 Percentage profit is 48000/137000 x 100% = 35%

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