Profit and Loss

Cost Price (CP) – The price at which an article is purchased. It is generally abbreviated as CP.

Selling Price (CP) – The price at which an article is sold. It is generally abbreviated as SP.

Profit – If Selling Price is greater than Cost Price, it is known as Profit or Gain. It is always computed on Cost Price.

Loss – If Cost Price is greater than Selling Price, it is known as Loss. It is always computed on Cost Price.

Marked Price – The price mentioned on the article to be sold.

Discount – The reduction on Marked Price.

Formulae:

Profit = Selling Price – Cost Price

Profit % = $\frac{Profit}{Cost\ Price}$ x 100

Loss = Cost Price – Selling Price

Loss % = $\frac{Loss}{Cost\ Price}$ x 100

Selling Price = Cost Price + Profit

Selling Price = $\frac{100\ +\ Profit \%}{100}$ x Cost Price

Selling Price = Cost Price – Loss

Selling Price = $\frac{100\ -\ Loss \%}{100}$ x Cost Price

Cost Price = Selling Price – Profit

Cost Price = $\frac{100}{100\ +\ Profit \%}$ x Selling Price

Cost Price = Selling Price + Loss

Cost Price = $\frac{100}{100\ -\ Loss \%}$ x Selling Price