Question

profit = selling price - cost price​

Answer 1

Answer:

yes

Step-by-step explanation:

profit is equal to SP- CP

Answer 2

$Answer$

Formula to calculate cost price if selling price and profit percentage are given: CP = ( SP * 100 ) / ( 100 + percentage profit). Formula to calculate cost price if selling price and loss percentage are given: CP = ( SP * 100 ) / ( 100 – percentage loss ).