Question

Fill in the blanks
1. If CP is less than SP then profit=__________​

Answer 1

Answer:

SP - CP

Step-by-step explanation:

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Answer 2

Answer:

CP - SP

Detailed explanation :

when the selling price is less than the cost price then the trader makes a loss which is equal to CP - SP. Profit Percentage : The value of profit, when expressed as a percent of COST PRICE (CP) is called a Profit Percent.

Hope it helped, the main formula for you question is CP - SP but here I've given the detailed explanation for better understanding