Profit, Loss and Discount

Profit, Loss and Discount 

In this post, We will learn about Profit, Loss and Discount.

Cost Price: Price at which an item is purchased. The cost price is abbreviated as C.P.   

Selling Price: Price at which an item is sold. The selling price is abbreviated as S.P.   

Profit: If selling price of an item is more than cost price then profit is the difference between selling price (S.P) and cost price (C.P).

Loss: If selling price of an item is less than cost price then profit is the difference between cost price (C.P) and selling price (S.P).

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