Here's some letters and numbers. Find "?"
Its NOT A-Z=1-26 related
Three operations; +, -, ^
Ok, this is a minor give away,...
S=1 (Why do you think this is the case?)
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Number of lines in each letter.
S=1, V=2. (1+2)^(2-1) = 3^1 = 3
U=1, K=3. (1+3)^(3-1) = 4^2 = 16
T=2, F=3. (2+3)^(3-2) = 5^1 = 5
L=2, K=3. (2+3)^(3-2) = 5^1 = 5
M=4, W=4. (4+4)^(4-4) = 8^0 = 1
I=1 O=1, M=4. (1+1+4)^(4-1-1) = 6^2 = 36
(Or something similar, it is not certain how to do it, since there is no example of 3 elements)