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Profit And Loss
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Introduction
☼ Cost Price : The price at which an article is purchased, is called its cost price. Symbolically it is written as C.P.
☼ Selling Price : The price at which an article is sold, is called its selling price. Symbolically it is written as S.P.
☼ Market Price : The price on that label is called the Market Price ( M.P.) or Labeled Price or Marked Price.
☼ Profit or Gain : If S.P. > C.P., the seller is said to have a profit or gain.
Profit ( or Gain ) = S.P. – C.P.
