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Question

For a situation of having profit, which of the following is correct?


A
CP > SP
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B
SP > CP
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C
CP=SP
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D
MP=CP
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Solution

The correct option is B SP > CP

Whenever, Selling Price(S.P.) of an article is more than the Cost Price(C.P.), i.e. S.P.>C.P., then the difference between them(S.P.C.P.) is the profit.

And, when Cost Price(C.P.) is more than the Selling Price(S.P.), i.e. C.P.>S.P., then the difference (C.P.S.P.) is the loss.

But, when C.P.=S.P., then there is neither loss nor profit.


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