Various profit and loss formulas used in profit and loss:
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 * 100
C.P.
4) Loss percentage(%) = Loss * 100
C.P.
5) There is a direct relationship between selling price and cost price:
S.P. = 100 + Gain percentage * C.P. (In case of gain)
100
S.P. = 100 - Loss percentage * C.P. (In case of loss)
100