The concept of fraction and percentage finds its applications in finding the profit and the loss. When the profit is m and loss is n then the net profit or loss will be. Equal profit loss on the same selling price of 2 articles.
100 If you sell two same items first at x profit and 2nd one at x loss.
We can therefore calculate gain using the following general mathematics formula. So there is a loss of 20. A gain is usually an increase from the previously recorded value. The absolute value of the loss Rs 2p 2X 100 2 -p 2.