If the abbreviation C.P and S.P stands for cost price and selling price, then choose the correct pairs
Find the cost price, if : (i) S.P. =Rs. 1,680 and profit = 12% (ii) S.P. = Rs. 1,128 and loss = 6%
Statement1: Profit is defined as the positive difference between selling price(S.P) and cost price(C.P) when ( S.P > C.P).
Statement 2: Loss is found when (C.P > S.P)
Statement1: Profit is defined as the positive difference between selling price and cost price (S.P > C.P).
Which formula holds true for calculating Selling price(S.P)