S.P = C.P + _____________.
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Answer:
The formula for Profit is S.P. – C.P. If the selling price is lesser than the cost price, whatever difference you get between the two is the loss suffered. Similarly, Loss is C.P. – S.P. Always remember that you calculate profit or loss on the cost price.
Answered by
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Answer:
S.P. = Cost price + Profit
Step-by-step explanation:
Given : S.P. = C.P. + ?
To find : The value of ?
Solution :
- The given expression is S.P. = C.P. + ?
- First we should know the concept of cost price, selling price, profit and loss.
- Cost price ( C.P.) is the actual price of a product which we have to pay to the manufacturer or shopkeeper.
- Selling price ( S.P.) is the price which contains cost price and profit or loss.
S.P. = Cost price + Profit
S.P. = Cost price - Loss
- Profit is made when selling price is greater than cost price.
- Loss happens when cost price is greater than selling price.
- ∴ S.P. = Cost price + Profit
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