Various profit and loss formulas used
1) Generally, profit is calculated as:
Profit or gain = Selling price(S.P) – Cost price(C.P)
2) Similarly, Loss = Cost price – Selling price
3) Gain percentage(%) = Gain / C.P. * 100
4) Loss percentage(%) = Loss / C.P. * 100
5) There is a direct relationship between selling price and cost price:
