Question

Conclusion of profit loss and discount

Answer 1

Cost price: [cp] cost price is the price at which we have purcahsed an item.
Selling Price[Sp] : is the price at which we sell the item.
Profit: Profit is the amount you gained after selling an item.
Profit=selling price- cost price
profit=sp-cp
Loss: Loss is the amount you lost after selling an item for a lesser price than its cost price:
Loss=costprice- selling price
Loss=Cp-Sp
Discount is the reduction in the selling price of an item.
Discount=Marked price- selling price