PROFIT AND LOSS

                                                       PROFIT AND LOSS

Cost price (C.P.) - The price at which a dealer buys an article is called the cost price.

Selling price (S.P.) – The price at which a dealer sells an article is called the selling price.

When S.P. > C.P.,  then profit = S.P.;

        Profit% =

When S.P. < C.P.,  then loss = C.P. – S.P.;

       

        Loss% =

S.P. =                  or              S.P. =

C.P. =                   or              C.P. =