Basic Facts of Profit & Loss

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Basic Facts of Profit & Loss

1. Cost Price (CP) : The price at which we buy an item.

2. Selling Price (SP) : The price at which we sell an item.

Profit & Loss Conditions

If SP > CP → Profit

Profit = SP-CP

If CP > SP → Loss

Loss = CP- SP

Profit & Loss Percentage

Profit % Formula

Profit % = Profit / CP×100

Loss % Formula

Loss % = Loss/CP×100

Selling Price Formula

When Profit % is given

SP = CP×100 + Profit %/100

When Loss % is given

SP = CP×100 - Loss %/100