Question

what is profit if sp =60 and cp 10

Answer 1

Answer:

Step-by-step explanation:

Cost price (CP)       The amount for which an article is bought is called its cost price.

Selling price (SP)   The amount for which an article is sold is called its selling price.

Profit or gain          When (SP) > (CP) then there is a gain.

                                Gain = (SP) - (CP)

Loss                         When (SP) < (CP) then there is a loss.

                                Loss = (CP) - (SP).

Answer 2

Answer:

Sp-cp = profit

60 - 10 = 50

profit is ₹50.