For a situation of no profit no loss, which of the following is correct?

CP > SP

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SP > CP

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CP = SP

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None of these

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Solution

The correct option is C CP = SP
SP = CP + Profit or SP = CP - Loss
For a situation of no profit no loss, Profit =0 and Loss = 0
So, CP = SP

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Similar questions

For a situation of no profit no loss, cost price must be equal to selling price. State true or false.

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Anticipate no profits and provide for all possible losses. This is essence of which of the following accounting principles:

If opening capital is less than closing capital, it shows:

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(d) Profit, if no additional capital is introduced.

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