Profit Calculator is a free online tool that displays the profit for the given cost price and selling price. BYJU’S online profit calculator tool makes the calculation faster, and it displays the profit in a fraction of seconds.
How to Use the Profit Calculator?
The procedure to use the profit calculator is as follows:
Step 1: Enter the cost price and the selling price in the respective input field
Step 2: Now click the button “Solve” to get the profit
Step 3: Finally, the profit for the given amount will be displayed in the output field
What is Meant by Profit?
In Mathematics, the profit is defined as the gain amount from any activity. The profit can be explained in terms of cost price and selling price. The cost price is the actual price of any product, and the selling price is the price of the product which is sold. The cost price is abbreviated as CP, and the selling price is abbreviated as SP. Thus, the profit of the product can be determined by taking the difference between the cost price and the selling price. Thus, the formula to calculate profit is given by
Profit/Gain = Selling Price (SP) – Cost Price (CP)