Loss: If the selling price (S.P.) of an article is less than the cost price (C.P) the difference between the cost price (C.P.) and selling price (S.P.) is called loss.

Loss If the selling price (S.P) of an article is less than the cost price (C.P) the difference between the cost price (S.P.) is called loss.

Assertion : Rekha bought a saree for 1240 and sold it for 1147. Her loss is 93. Reason : If the selling price of an article is less than the cost price, then the difference between the cost price and the selling price is called profit.

Profit If the selling price (S.P.) of an article is greater than the cost price (C.P.) the difference between the selling price and cost price is called profit.

What is cost Price (C.P.)

What is Selling Price (S.P.)

If the selling price of an article is greater than the cost price, the difference between selling price and cost price is called profit. If S.P. = Rs.3840, Profit = Rs. 62 then C.P. =

What was the per cent profit/loss earned incurred by selling an article for ? 24000? I. The ratio of the selling price to the cost price of the article is 5 : 3 II. The difference between the cost price and the selling price is ? .