Principle
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A transformer is based on the principle of mutual induction.
Construction
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It consists of a soft iron core made of laminated sheets well insulated from each other. The coils P1 P2 and S1 S2 are wounded on the same core.

The coil P1 P2 is a primary coil connected to AC source and S1 S2 is a secondary coil connected across a load resistance R.
Working
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As the current in the primary varies, the flux linked with P1 P2 and hence S1 S2, changes.
If N
p is the number of turns in P
1 P
2, and E
p is the alternating EMF fed to P
1 P
2 at instant t under ideal conditions;
Self induced EMF in P1 P2 at instant t = EMF fed to P1 P2 at this instant.
Assuming there is no flux leakage, the rate of change of flux through each turn of S1 S2 is df/dt,
Since

For Step Up Transformers
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Es > Ep
i.e., K >1 N
s > N
p
For a Step Down Transformers
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Es < Ep
i.e., K <1 n
s < N
p
If we assume there is no loss of power,
Out put power = Input power
EsIs = EpIp
Energy Losses in a Transformer
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(i) Copper loss is the energy lost due to heating of copper coils of transformers.
(ii) Iron loss due formation of induced current in the iron line resulting in lot of heat.
(iii) Leakage of magnetic flux. All flux linked with primary may not be linked with secondary.
(iv) Magnetostriction i.e., humming noise of a transformer.