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Question

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



A

SP = CP + Profit

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B

SP = CP - Profit 

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C

SP = MP - Profit 

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D

CP = SP + Profit 

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Solution

The correct option is D

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


Mathematics

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