wiz-icon
MyQuestionIcon
MyQuestionIcon
20
You visited us 20 times! Enjoying our articles? Unlock Full Access!
Question

Statement 1: Profit is defined as the positive difference between selling price and cost price whenever SP > CP.

Statement 2: Loss is found when CP > SP.

Choose the correct option with respect to the above statements.


A

Both statements 1 and 2 are true

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B

Only statement 1 is true

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

Both statements 1 and 2 are false

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

Only statement 2 is true

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Join BYJU'S Learning Program
CrossIcon