Formulas
Profit = Selling Price − Cost Price
Profit % = (Profit / Cost Price) × 100
Loss = Cost Price − Selling Price
Loss % = (Loss / Cost Price) × 100
Example
Cost Price $800 Selling Price $1000
Profit = 1000 − 800 = $200
Profit % = (200/800) × 100 = 25%
Key Terms
| Term | Meaning |
|---|---|
| Cost Price (CP) | Price at which item was purchased |
| Selling Price (SP) | Price at which item was sold |
| Marked Price (MP) | Price listed before discount |
| Profit | SP > CP → Profit = SP − CP |
| Loss | CP > SP → Loss = CP − SP |