Profit = Selling Price – Cost Price
Loss = Cost Price – Selling Price
Profit occurs when Selling Price > Cost Price
Loss occurs when Cost Price > Selling Price
Profit Percentage = (Profit / Cost Price) × 100
Loss Percentage = (Loss / Cost Price) × 100
Selling Price = Cost Price + Profit
Selling Price = Cost Price – Loss
Cost Price = Selling Price – Profit
Cost Price = Selling Price + Loss