Profit & Loss

PROFIT AND LOSS

P= PROFIT

L= LOSS

S / S.P. = SALE PRICE

C / C.P. = COST PRICE

X = %  (PERCENTAGE) OF PROFIT OR LOSS

S = P + C i.e. P = S – C or S = C + P

S = C – L i.e. L = C – S or S = C - L

S = (100+X) /100 x C

            OR

S.P. = (100+X) /100 x C.P.

IN CASE OF DEALS YIELDING PROFIT, X IS POSITIVE (+).

I.E. X +VE ßà PROFIT

IN CASE OF TRANSACTIONS GIVING RISE TO LOSS; X IS NEGATIVE (-)

I.E. X (-) VE ßà LOSS