PnL Abbreviation

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Popular abbreviations of PNL:

Searching for PNL abbreviation / PNL full form leads to different results in different categories. The below table illustrates the popular acronyms among them.

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What does PnL mean?

Profit and loss are phrases used to determine whether a transaction is profitable or not. In our daily lives, we use these expressions frequently. If the selling price is higher than the cost, profit is the difference. If the selling price is less than the cost price, the difference is lost. The price at which a thing is acquired is its cost price. The price at which an item is sold is its selling price.

Terminologies used in Profit and Loss

• Cost Price: The cost price of an item refers to the price at which it was acquired.

• Selling Price: The selling price of an item refers to the price at which it is sold at a particular time.

• Profit: Profit occurs when the selling price of a transaction is larger than the cost price of the transaction. With the use of a mathematical formula, it may be computed as follows: Profit = Selling price – Cost price

• Loss: When the cost price exceeds the selling price, a loss occurs. A bag purchased for $20 and then sold for $17 indicates that we suffered a $3 loss on this transaction, as an illustration. The amount of loss is computed using the following formula: Loss = Cost price – Selling price

• Marked Price(MP): The marked price is the price that has been established by the seller and is displayed on the product’s label. In this case, the vendor is offering a discount on the price. After applying the discount to the Marked price, it is sold at a lower price known as the selling price.

• Discounts: Discounts are given to consumers to compete with the competitors in the marketplace and increase sales. When a shopkeeper offers a discount to entice consumers, the discount is formally known as a rebate. The discount is always determined based on the item’s marked price. Discount = Marked Price – Selling Price