Question

definition of CP and SP​

Answer 1

Answer:

Cost price (C.P.): This is the price at which an article is purchased. Selling price (S.P.): This is the price at which an article is sold. Profit or Gain: If the selling price is more than the cost price, the difference between them is the profit incurred.

Answer 2

Basic Definitions and Formulas

Basic Definitions and FormulasCost price (C.P.): This is the price at which an article is purchased. Selling price (S.P.): This is the price at which an article is sold. Profit or Gain: If the selling price is more than the cost price, the difference between them is the profit incurred.