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Question

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)


A

CP > SP

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B

SP > CP

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C

CP = SP

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D

SP > MP

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Solution

The correct option is C

CP = SP


Selling Price (SP) is the price at which a commodity or an item is sold.

Cost Price (CP) is the price at which an item is bought or purchased.

When CP = SP, there is neither a profit made nor a loss incurred.

When CP > SP, we say there is a loss incurred.

When CP < SP, we say there is a profit made.


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