Question

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Q7. Which statement is incorrect :
The Selling price of the item is
O always more than the Cost Price in
case of a Profit.
When Cost Price + Overheads <
Selling Price ,then there is a Loss
O Profit = S.P-C.P
O Loss = C.P - S.P​

Answer 1

Answer:

Formula: Loss = Cost price (C.P.) – Selling Price (S.P.) Profit or Loss is always calculated on the cost price. Marked price: This is the price marked as the selling price on an article, also known as the listed price.

Step-by-step explanation:

Hope this will help you?

Answer 2

Answer:

pr profit is equal to selling price minus cost price