The Cosine Rule for ΔAPC and ΔBPC, where ACP=θ, gives
AP2 = AC2 + PC2 -2AC.PCcosθ, PB2 = BC2 + PC2 -2BC.PCcosθ.

Hence
BC2 + PC2 - PB2 2BC.PC = AC2 + PC2 - AP2 2AC.PC =cosθ.

Hence, multiplying both sides by 2PC/AB, we find that
AP2 AC.AB + PC2 AB ( AC-BC BC.AC ) = PB2 AB.BC + AC-BC AB .

As AB+BC=AC, we get the result:
AP2 AB.AC + PC2 AC.BC =1+ PB2 AB.BC .