Word Swap. By utilizing this profit and loss formula article, you will get to know about the various profit and loss formula, formula for profit and loss percentage, formula of profit loss and discount and profit and loss formulas with examples for your reference. Time and Work. Step 3: If the Selling Price is greater than the cost price, then calculate the profit using the following formula:. In Profit and Loss, the most basic concepts are the prices of various items throughout the cycle of their purchase and sale.

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