When cost price is greater than selling price, it is a ____.

Profit

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

Loss

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

Neither profit nor loss

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

Cannot say

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

Open in App

Solution

The correct option is B
Loss

If cost price is more than the sellling price, more money is lost than gained. Hence, when cost price is larger than selling price, it is a loss.

Suggest Corrections

Similar questions

If my selling price is less than my cost price, I make a ___ .

The selling price of a table is more than its cost price by $25 %$ Then the cost price is less than selling price by

Join BYJU'S Learning Program