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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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
CLICK HERE TO DOWNLOAD FULL NOTES
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