Question

Find the correct relationship between CP (cost price), SP (selling price), when profit occurs​

Answer 1

Answer:

Cost price is the price at which an item is purchased and selling price is the price at which an item is sold. Now, if the selling price of a product is more than its cost price, there is a profit earned in the transaction. This derives the formula: Profit = Selling price - Cost Price.

Step-by-step explanation:

CP = ( SP * 100 ) / ( 100 + percentage profit).

Answer 2

If CP = CP

And SP = SP

Therefore Profit = SP - CP

CP = ( SP * 100 ) / ( 100 + percentage profit).