Question

If the cost price is more than selling price then it is

Answer 1

Answer:

CP is more than SP then it is Loss

Answer 2

If the cost price is more than the selling price then it is a loss

Step-by-step explanation:

• Each and every business is based on the fundamental concept of profit and loss.
• If the selling price is more than the cost price then there is a profit in the business.
• Profit is defined as the gain of money, whereas loss is the opposite of profit that involves expenditure during any transaction.
• Both profit and loss can be represented in mathematics as,

                       $Loss\;=\;Cost\;price\;-\;Selling\;price\\Profit\;=\;Selling\;price\;-\;Cost\;price$