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Formula for profit and loss

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Formula for profit and loss

    • Posted by Aarya Gharge 7 years, 2 months ago

    CBSE > Class 08 > Mathematics
    • 1 answers

    Yogita Ingle 7 years, 2 months ago

    Cost Price: The price, at which an article is purchased, is called its cost price, abbreviated as C.P.

    Selling Price: The price, at which an article is sold, is called its selling prices, abbreviated as S.P.

    Profit or Gain:If S.P. is greater than C.P., the seller is said to have a profit or gain.

    Loss:If S.P. is less than C.P., the seller is said to have incurred a loss.

     Gain = (S.P.) - (C.P.)
    Loss = (C.P.) - (S.P.)

    3Thank You

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