Which formula holds true for calculating Selling price(S.P)
When there is a profit SP is always greater than the CP, Hence SP = CP + Profit
Which all of the formula hold true for area of rhombus
Statement1: Profit is defined as the positive difference between selling price(S.P) and cost price(C.P) when ( S.P > C.P).
Statement 2: Loss is found when (C.P > S.P)