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Question

SP=CP+............ . [Loss/Profit]


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Solution

We know that,

If a product is sold at a higher price than the price it was bought, then that is called gain or profit.

Selling price SP : The price at which the product is sold.

Cost Price CP: The price at which the product is bought.

We say the profit is occurred when selling price is more than the cost price .

Profit = SP -CP.

Rewrite as,

SP -CP=Profit.

on transposing CP to RHS , we get

SP =CP+Profit.

Hence, the answer for given blank is Profit.


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