Introduction
In our day to day life we exchange the things with the money with others. During such transaction either we get profit or loss. In this chapter we will frequently use the term profit, loss, profit percent and loss percent.
Terms Related to Profit and Loss
Cost Price
It is the price of an article at which the shopkeeper purchases the goods from manufacturer or wholesaler. In short it can be written as C.P.
Selling Price
It is price of the article at which it is sold by the shopkeeper to the customer. In short it can be written as S.P.
Profit and Profit Percent
If the S.P. of an
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