Abbreviations used in the following formulas:
SP ⇒ selling price
CP ⇒ cost price
MP ⇒ marked price
d ⇒ discount
d1 ⇒ first discount %age
d2 ⇒ second discount %age
d3 ⇒ third discount %age
Summary of important profit and loss formulas
Profit = SP – CP |
Loss = CP – SP |
Discount = MP – SP |
SP = MP – Discount |
MP = SP + Discount |
Single discount as percent = MP – SP |