If SP > CP then then which of the following option is correct.

Loss = SP - CP

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Profit = SP - CP

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Profit = CP - SP

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Loss = CP - SP

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Solution

The correct option is B
Profit = SP - CP

Whenever SP is greater than CP, there is a profit.

i.e. Profit = SP - CP

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Similar questions

Q. Fill in the blanks.

(i) Loss = (CP) − (......).
(ii) CP =

\frac{100 \times SP}{(. . . . . . + . . . . . .)}

.
(iii) Profit or loss is always reckoned on ...... .
(iv)

\frac{100}{(100 - loss %)} \times SP = . . . . . . .

When an item is sold, there is neither a profit made and nor a loss incurred. Which of the following is true in such a case?

(CP = Cost Price, SP = Selling Price, MP = Marked Price)

Q. If a shopkeeper gains a profit on the purchase of an item, then which of the following statement holds true?

(CP = Cost Price, SP = Selling Price, MP = Marked Price)

Q. If CP = Rs 50 and SP = Rs 45, what is the profit or loss percent?

Q. Find the gain or loss per cent when:

(i) CP = Rs 2400 and SP = Rs 2592
(ii) CP = Rs 1650 and SP = Rs 1452
(iii) CP = Rs 12000 and SP = Rs 12800
(iv) CP = Rs 1800 and SP = Rs 1611

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If SP > CP then then which of the following option is correct.

The correct option is B Profit = SP - CP Whenever SP is greater than CP, there is a profit. i.e. Profit = SP - CP

The correct option is B
Profit = SP - CP

Whenever SP is greater than CP, there is a profit.

i.e. Profit = SP - CP