The difference is your overall profit, in this example the formula result would be $17. Input a formula in the final column to calculate the profit margin on the sale.

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This video will help you in understanding the basic concept of Profit and Loss and shortcut formulas to quickly attempt these questions in competitive exams.

Profit and Loss Formulas: Check here the list of maths formulas for profit and loss, starting from basic to advanced. Also, download the full Profit and Loss formulas PDF sheet.