Target SBI PO: Profit and Loss (Top 50 Questions)
IMPORTANT
FACTS
Cost
Price:
The price, at
which an article is purchased, is called its cost price,
abbreviated as C.P.
Selling
Price:
The price, at
which an article is sold, is called its selling prices, abbreviated
as S.P.
Profit
or Gain:
If S.P. is
greater than C.P., the seller is said to have a profit or gain.
Loss:
If S.P. is
less than C.P., the seller is said to have incurred a loss.
IMPORTANT
FORMULAE
