Study Material for SSC CGL, CHSL, MTS, Prasar Bharti, FCI Exams : Profit and Loss

Profit and Loss

Cost Price

The price at which an article is purchased is called the cost price or CP.

Selling Price

The price at which an article is sold is called the selling price or SP.

Formulae

Gain or Profit = SP – CP

Loss = CP – SP


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