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Python program to calculate profit and loss
By IncludeHelp Last updated : February 8, 2024
Sometimes you may need to calculate profit and loss. Profile and loss are calculated by using mathematical formulas based on the cost price and selling price.
Profit and Loss Formulas
If the selling price and cost price are given, the formulas to calculate the profit and loss are:
- Profit = Selling price - Cost price
- Loss = Cost price - Selling price
Problem statement
Given the cost and selling prices of an item, write a Python program to calculate profit and loss.
Calculating profile and loss in Python
In Python, if the selling price and cost price are given, you can calculate the profit and loss by using the following basic formulas:
- Profit = Selling price - Cost price
- Loss = Cost price - Selling price
Python program to calculate profit and loss
# Python program to calculate
# Profit and Loss based on the give
# Cost price and selling price
# Functions to calculate profit and liss
def CalculateProfit(cost_price, selling_Price):
result = selling_Price - cost_price
return result
def CalculateLoss(cost_price, selling_Price):
result = cost_price - selling_Price
return result
# The main code
# Input cost and saling price
cost_price = float(input("Enter cost price : "))
selling_Price = float(input("Enter selling price : "))
# Calculating profit and loss
# If both prices are same
if selling_Price == cost_price:
print("No profit loss.")
# If selling price is higher than cost price
# Then, it will be a profit
elif selling_Price > cost_price:
profit = CalculateProfit(cost_price, selling_Price)
print("Profit :", profit)
# else, loss will be there
else:
loss = CalculateLoss(cost_price, selling_Price)
print("Loss :", loss)
Output
The output of the above program is:
RUN 1:
Enter cost price : 15350
Enter selling price : 21450
Profit : 6100.0
RUN 2:
Enter cost price : 1200
Enter selling price : 1180
Loss : 20.0
RUN 3:
Enter cost price : 1008
Enter selling price : 1008
No profit loss.
To understand the above program, you should have the basic knowledge of the following Python topics: