**Profit/Loss Formulas**
1. **Profit (P)**:
\[
P = SP - CP
\]
*(Selling Price - Cost Price)*
2. **Loss (L)**:
\[
L = CP - SP
\]
*(Cost Price - Selling Price)*
3. **Discount**:
\[
\text{Discount} = \text{Marked Price (MP)} - SP
\]
*(Reduction from marked price)*
4. **Markup**:
\[
\text{Markup} = SP - CP
\]
*(Added to cost price for profit)*
**Example**:
- Cost Price (CP) = ₹200
- Marked Price (MP) = ₹300
- Selling Price (SP) = ₹250 *(after discount)*
**Calculations**:
- **Discount** = MP - SP = ₹300 - ₹250 = **₹50**
- **Profit** = SP - CP = ₹250 - ₹200 = **₹50**
- **Markup** = SP - CP = **₹50** *(same as profit in this case)*
**Note**: If SP < CP, it's a
*loss*. If SP > CP, it's *profit*.
**Profit/Loss Formulas:**
- **Profit (P) = Selling Price (SP) - Cost Price (CP)**
- **Loss (L) = Cost Price (CP) - Selling Price (SP)**
- **Discount = Marked Price (MP) - Selling Price (SP)**
- **Markup = Selling Price (SP) - Cost Price (CP)**
**Example:**
A shop buys a shirt for ₹500 (CP) and sells it for ₹700 (SP).
- **Profit = ₹700 - ₹500 = ₹200**
- If the shirt was marked at ₹800 (MP) but sold at ₹700:
- **Discount = ₹800 - ₹700 = ₹100**
- **Markup = ₹700 - ₹500
= ₹200**
