If S.P>CP, there is profit and Profit% =
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profit%=sp-cp/cp*100
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Cost price (CP) The amount for which an article is bought is called its cost price. Selling price (SP) The amount for which an article is sold is called its selling price. Profit or gain When (SP) > (CP) then there is a gain. Loss When (SP) < (CP) then there is a loss.
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