5. In profit, SP is always greater than CP.
it is true or false
Answers
Answered by
1
Answer:
Yes it is true.
Step-by-step explanation:
For example:
If a person gets his stock for ₹12(CP) and sold it for ₹20(SP) . So by subtracting CP from SP (SP-CP) i.e.
Profit= SP- CP
= ₹20 - ₹12
= ₹8
So the person gets a profit of ₹8.
Answered by
0
Given: SP is always greater than CP.
To find: We have to find if the statement is true or not.
Solution:
- If the selling price of anything is greater than the cost price of that thing we get profit.
For example,
Let the selling price of a pen be 10 rupees.
The cost price of the pen is 6 rupees.
Then by selling the pen the shopkeeper will get a profit of (10-6)=4 rupees.
Thus SP is always greater than CP.
So, the above statement is true.
Similar questions