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PROFIT & LOSS SHORTCUT INTELLIGENCE==============================1. Profit = Selling Price - Cost price2. Selling Price = Cost Price + Profit3. Cost Price = Selling Price - Profit4. Loss = Cost Price - Selling Price5. Selling Price = Cost Price - Loss6.Cost price = Selling price + loss.7. Percentage profit / loss is always calculated on CP unless otherwise stated.8. Profit Percentage = (Profit x 100) / CP9. Loss Percentage = (Loss x 100) / CP10. Selling Price = {[(100+ Gain %) x CP] / 100}11. Selling Price = {[100- Loss %) x CP] /100}12.Cost Price = {(100 x SP) / (100+ Gain %)}