what is meaning of wisdomFind Profit or Loss : C.P. = Rs. 20,400 ; Overheads= Rs. 1500
S.P. = Rs. 18,500
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the quality or state of being wise; knowledge of what is true or right coupled with just judgment as to action; sagacity, discernment, or insight. scholarly knowledge or learning: the wisdom of the schools.
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CP = Rs. 2600, SP = Rs. 2470. Here, CP > SP. So, loss.
Loss = CP - SP = Rs. (2600 - 2470) = Rs. 130
Profit% = {(Profit/CP) × 100}% = {(130/2600) × 100}% = {0.05 × 100}% = 5%
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