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Question

Which of these denote the condition of neither profit nor loss?


  1. Cost Price
  2. Selling Price
  3. Marked Price
  4. Profit


Solution

The correct option is B Selling Price

Whenever, Selling Price(S.P.) of an article is more than the Cost Price(C.P.), i.e. S.P.>C.P., then the difference between them(S.P.C.P.) is the profit.

And, when Cost Price(C.P.) is more than the Selling Price(S.P.), i.e. C.P.>S.P., then the difference (C.P.S.P.) is the loss.

But, when C.P.=S.P., then there is neither loss nor profit.

In option B, S.P.=Rs. 24004=600 and C.P.=Rs. 720012=600

Since, S.P.=C.P.=Rs. 600, it is a condition of neither profit nor loss.

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