what is the formula of profit and loss
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Answer:
profit = s.p - c.p and loss = c.p - s.p
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Answer:
Profit and Loss Formulas
The profit or gain is equal to the selling price minus cost price. Loss is equal to cost price minus selling price.
Step-by-step explanation:
Profit percentage formula: The profit percent can be calculated as: Profit % = 100 × Profit/Cost Price. Percentage Loss: The loss percent can be calculated as; Loss % = 100 × Loss/Cost Price.
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