Profit and Loss
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Table of Content:
Profit and Loss Formulas
Cost Price (CP)
The cost at which an item is purchased.
Selling Price (SP)
The price at which an item is sold.
Profit (P)
The amount gained by selling an item for more than the cost price.
\[
\text{Profit (P)} = \text{Selling Price (SP)} - \text{Cost Price (CP)}
\]
Loss (L)
The amount lost by selling an item for less than the cost price.
\[
\text{Loss (L)} = \text{Cost Price (CP)} - \text{Selling Price (SP)}
\]
Profit Percentage (P%)
The percentage of profit earned on the cost price.
\[
\text{Profit Percentage (P%)} = \left( \frac{\text{Profit (P)}}{\text{Cost Price (CP)}} \right) \times 100
\]
Loss Percentage (L%)
The percentage of loss incurred on the cost price.
\[
\text{Loss Percentage (L%)} = \left( \frac{\text{Loss (L)}}{\text{Cost Price (CP)}} \right) \times 100
\]