Which of the following relation is true with respect to Cost Price (C.P)?
C.P = S.P - Loss
C.P = S.P + Loss
C.P = M.P + Loss
C.P = Profit + Loss
When there is a loss, CP is always greater than the SP:
So CP = SP + Loss
Find the cost price, if : (i) S.P. =Rs. 1,680 and profit = 12% (ii) S.P. = Rs. 1,128 and loss = 6%
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)
Statement1: Profit is defined as the positive difference between selling price and cost price (S.P > C.P).