Question

Profit = CP - SP yes.no​

Answer 1

wrong

step by step

attached photo of 7th standard mathematics text book 2nd semester Karnataka text book syallabus page 15

Answer 2

$\huge\bf\underline\pink{Answer}$

The given statement is Profit = CP-SP The statement is false

$\huge\bf\underline{Some important formulaes}$

Profit = SP-CP

Loss = CP - SP

Profit% = $\frac{profit×100}{CP}$

Loss % = $\frac{loss×100}{CP}$