Question

article on profit loss/discount

Answer 1

Answer:

Cost Price: The amount paid to purchase an article or the price at which an article is made, is known as its cost price. The cost price is abbreviated as C.P..

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

Profit: If the selling price (S.P.) of an article is greater than the cost price (C.P.) , then the difference between the selling price and cost price is called profit.