Question

when the selling price exceed cost price​

Answer 1

Answer:

when the selling price exceed the cost price its profit

I have given the required answer without adding too much of extravagancial content

Answer 2

Answer:

then it is profit

Formula to calculate cost price if selling price and profit percentage are given: CP = ( SP * 100 ) / ( 100 + percentage profit). Formula to calculate cost price if selling price and loss percentage are given: CP = ( SP * 100 ) / ( 100 – percentage loss ).