Java Program to Calculate Profit and Loss

Java Program to Calculate Profit and Loss

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In the previous article, we have seen Java Program to Calculate Generic Root of a Number

In this article we will see how we can calculate profit and loss by using Java programming language.

Java Program to Calculate Profit and Loss

Before jumping into the program let’s know how we calculate profit and loss. Profit And Loss Program In Java or Profit Loss Program In Java, Profit Or Loss Program In Java.

As we know every product has a value or cost price. When selling price crosses the cost price then we say it as profit and when the selling price is below the actual product’s cost price then we say it as loss.

Profit= Selling Price - Cost Price

Loss= Cost Price - Selling Price

Let’s see different ways to calculate profit and loss.

Method-1: Java Program to Calculate Profit and Loss By Using Static Input Value

Approach:

  • Declare the product’s actual price, selling price.
  • If selling price is more than product’s actual price then sellingPrice-actualPrice will give profit.
  • If selling price is less than product’s actual price then actualPrice-sellingPrice will give loss.

Program:

import java.util.*;

class Main
{
   public static void main(String args[]) 
    {   
        //product's actual price
        double actualPrice=11000;
        //product's selling price
        double sellingPrice=12000;
        

        //checking if selling price is more than produt actual price
        //selling price is more than product's actual price which is profit
        if(sellingPrice>actualPrice)
        {
          System.out.println("Profit :" + (sellingPrice-actualPrice));
        }
        //selling price is less than product's actual price which is profit
        else if(sellingPrice<actualPrice)
        {
          System.out.println("Loss :" + (actualPrice-sellingPrice));
        }
        else
          System.out.println("No profit and no loss");
   }
}
Output:

Profit :1000.0

Method-2: Java Program to Calculate Profit and Loss By Using User Input Value

Approach:

  • Take user input of product’s actual price, selling price.
  • If selling price is more than product’s actual price then sellingPrice-actualPrice will give profit.
  • If selling price is less than product’s actual price then actualPrice-sellingPrice will give loss.

Program:

import java.util.*;

class Main
{
   public static void main(String args[]) 
    {   
        //Scanner class object created
        Scanner s= new Scanner(System.in);
        //asking the user to take input of product's actual price
        System.out.println("Enter the product's actual price: ");
        double actualPrice=s.nextDouble();
         //asking the user to take input of product's selling price
        System.out.println("Enter the product's selling price: ");
        double sellingPrice=s.nextDouble();
        
        //checking if selling price is more than produt actual price
        //selling price is more than product's actual price which is profit
        if(sellingPrice>actualPrice)
        {
          System.out.println("Profit :" + (sellingPrice-actualPrice));
        }
        //selling price is less than product's actual price which is profit
        else if(sellingPrice<actualPrice)
        {
          System.out.println("Loss :" + (actualPrice-sellingPrice));
        }
        else
          System.out.println("No profit and no loss");
          
   }
}
Output:

Case-1

Enter the product's actual price: 
36000
Enter the product's selling price: 
40000
Profit :4000.0

Case-2

Enter the product's actual price: 
6700
Enter the product's selling price: 
6500
Loss :200.0

Method-3: Java Program to Calculate Profit and Loss By Using User Defined Method

Approach:

  • Take user input of product’s actual price, selling price.
  • Then call profitLoss() method by passing sellingPrice and actualPrice as parameter.
  • If selling price is more than product’s actual price then sellingPrice-actualPrice will give profit.
  • If selling price is less than product’s actual price then actualPrice-sellingPrice will give loss.

Program:

import java.util.*;

class Main
{
   public static void main(String args[]) 
    {   
        //Scanner class object created
        Scanner s= new Scanner(System.in);
        //asking the user to take input of product's actual price
        System.out.println("Enter the product's actual price: ");
        double actualPrice=s.nextDouble();
         //asking the user to take input of product's selling price
        System.out.println("Enter the product's selling price: ");
        double sellingPrice=s.nextDouble();
        
        //calling profitLoss() method to find profit or loss
        profitLoss(actualPrice,sellingPrice);
    }
    
    //profitLoss() method
    public static void profitLoss(double actualPrice, double sellingPrice)
    {
        //checking if selling price is more than produt actual price
        //selling price is more than product's actual price which is profit
        if(sellingPrice>actualPrice)
        {
          System.out.println("Profit :" + (sellingPrice-actualPrice));
        }
        //selling price is less than product's actual price which is profit
        else if(sellingPrice<actualPrice)
        {
          System.out.println("Loss :" + (actualPrice-sellingPrice));
        }
        else
          System.out.println("No profit and no loss");
   }
}
Output:

Enter the product's actual price: 
8800
Enter the product's selling price: 
10000
Profit :1200.0

Beginners and experienced programmers can rely on these Best Java Programs Examples and code various basic and complex logics in the Java programming language with ease.

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