Selling price formula: Profit and Loss

Profit and Loss: Profit is the positive difference between the selling price and the cost price of an item, indicating a gain or financial benefit. It is calculated by subtracting the cost price from the selling price. Conversely, loss occurs when the selling price is less than the cost price, resulting in a negative difference. The formula for calculating profit is SP - CP, while the formula for calculating loss is CP - SP. This article explores all the concepts related to Profit and Loss ... Selling Price Formula The selling price formula is used to calculate the selling price, which is the price at which a product is sold. If we compare the selling price and the cost price of any article, we can find the profit or loss incurred in the transaction. There are different formulas with the help of which the selling price can be calculated. Let us understand the different selling price formulas in the lesson. How to Calculate Selling Price: First, calculate the total cost of purchasing all units. Then, divide this total cost by the number of units bought to determine the cost price per unit. Next, utilize the selling price formula, which is SP = CP + Profit Margin, to determine the final price. Visit Extramarks to learn more about the Selling Price Formula, its chemical structure and uses.