When I make a loss on a sale, the relationship between selling price (SP) and cost price (CP) is

SP > CP

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SP = CP

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SP < CP

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Cannot be determined

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Solution

The correct option is C
SP < CP

When I make a loss on a sale, I sell something at a price lesser than what I bought it for.
$\Rightarrow$ Selling price (SP) < Cost price (CP)

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Similar questions

When a person gets loss -

(Where SP & CP represent Selling Price and Cost Price respectively)

Q. Loss = SP - CP,
where,
SP = Selling price
and
CP = Cost price

Q. Write 'T' for true and 'F' for false

(i) Loss is reckoned on selling price.
(ii) Gain is reckoned on cost price.
(iii)

CP = \frac{100 \times SP}{(100 - loss %)} .

(iv) Loss = (CP) − (SP).

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)

Q. If a shopkeeper gains a profit on the purchase of an item, then which of the following statement holds true?

(CP = Cost Price, SP = Selling Price, MP = Marked Price)

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When I make a loss on a sale, the relationship between selling price (SP) and cost price (CP) is

The correct option is C SP < CP When I make a loss on a sale, I sell something at a price lesser than what I bought it for. ⇒ Selling price (SP) < Cost price (CP)

The correct option is C
SP < CP

When I make a loss on a sale, I sell something at a price lesser than what I bought it for.
$\Rightarrow$ Selling price (SP) < Cost price (CP)