Which of the following is true for a transaction where profit is made-SP - CP - Profit-SP - CP - Profit nbsp-SP - MP - Profit nbsp-CP - SP - Profit nbsp-

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Standard V

Mathematics

Profit and Loss

Which of the ...

Question

Which of the following is true for a transaction where profit is made?

SP = CP + Profit

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SP = CP - Profit

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SP = MP - Profit

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CP = SP + Profit

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Solution

The correct option is A
SP = CP + Profit

When there is a profit, the selling price SP is always greater than the cost price CP.

This difference is equal to the profit made.

i.e., SP - CP = Profit

$∴$ SP = CP + Profit

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Similar questions

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)

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)

$S P = C P + . . . . . . . . . . . .$ . $[L o s s / P r o f i t]$

Q. If

C P

R s 1500

and

S P

3

times

C P

, What is the profit?

Q. Find the profit or loss

%

where:-
(i)

C P = R s 400

S P = R s 300

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Which of the following is true for a transaction where profit is made?

The correct option is A SP = CP + Profit When there is a profit, the selling price SP is always greater than the cost price CP. This difference is equal to the profit made. i.e., SP - CP = Profit ∴ SP = CP + Profit

The correct option is A
SP = CP + Profit

When there is a profit, the selling price SP is always greater than the cost price CP.

This difference is equal to the profit made.

i.e., SP - CP = Profit

$∴$ SP = CP + Profit