Question

In a transaction, th In a transaction, there is no profit no loss if *
ere is no profit no loss if *

Answer 1

Answer:

The correct option is D

C.P = S.P

When selling price (S.P) of an article is more than the cost price (C.P), i.e. S.P > C.P, then a profit has incurred in the transaction.

Profit = S.P - C.P

When cost price (C.P) is more than the selling price (S.P.), i.e. C.P > S.P, then a loss has incurred in the transaction.

Loss = C.P - S.P

But, when C.P = S.P, then there is neither loss nor profit.