Profit & Loss

Profit can be calculated either in amount or in quantity.

For Example, (i)If  a product is bought for Rs 100 and sold for Rs 120, The Profit is Rs.20.
                       (ii)If 10 Products Are brought for some amount and 8 are sold for the same amount means the profit is 2 products.

In the first case The Profit % is Profit divided by cost Price * 100

In Second Case The Profit % is Profit divided by Sold amount * 100

In our Examples:
(i) Profit % = (20 / 100) * 100 = 20 %

(ii) Profit % = (2 / 8) * 100 = 25%