Profit & Loss

Cost Price: The price at which a retailer buys a product.

Selling Price: The price at which a retailer sells a product.

When Selling Price \(>\) Cost Price, a retailer makes a Profit.

\[Profit = Selling\;Price - Cost\;Price\]

\[\%\;Profit = \frac{Profit}{Cost\;Price} \times 100\%\]

When Selling Price \(<\) Cost Price, a retailer incurs a Loss.

\[Loss = Cost\;Price - Selling\;Price\]

\[\%\;Loss = \frac{Loss}{Cost\;Price} \times 100\%\]

Marked Price: The price displayed before discount.

Discount: The amount deducted from the marked price.

Discounted Price: The selling price after discount.

\[Discount = Marked\;Price - Discounted\;Price\]

\[\%\;Discount = \frac{Discount}{Marked\;Price} \times 100\%\]