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%
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%
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