Question

Q 7. Choose the correct formula to find out loss.
a) Loss = Profit + SP
b) Loss = CP - SP
c) Loss = SP - CP
d) Loss = SP + CP​

Answer 1

Answer:

c is correct loss=sp-cp ok

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Answer 2

The correct formula to find out the loss is CP-SP (option b).

• Loss is found by subtracting the selling price from the cost price. Because the CP is more in comparison to SP.
• For example, if a pen is bought for Rs. 20 and sold at Rs. 15 then the loss will be Rs. 5 (CP-SP). But if it would be sold at a price higher than its cost price then it is profit which can be found by subtracting the CP from SP.