PROFIT & LOSS SHORTCUT

1. Profit = Selling Price - Cost price
2. Selling Price = Cost Price + Profit
3. Cost Price = Selling Price - Profit
4. Loss = Cost Price - Selling Price
5. Selling Price = Cost Price - Loss
6.Cost price = Selling price + loss.
7. Percentage profit / loss is always calculated on CP unless otherwise stated.
8. Profit Percentage = (Profit x 100) / CP
9. Loss Percentage = (Loss x 100) / CP
10. Selling Price = {[(100+ Gain %) x CP] / 100}
11. Selling Price = {[100- Loss %) x CP] /100}
12.Cost Price = {(100 x SP) / (100+ Gain %)}

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