Answer:
★ Cost Price :
The cost price of an item is the sum paid to acquire it or the cost at which it was produced. The cost price is denoted by the letter C.P.
Explanation:
we made money when we sold a product we used the formula are :
- The Formula for Cost Price (CP) : Selling Price (SP) - Profit
we lose money while selling a product. we used formula are :
- The Formula for Cost Price (CP) : Selling Price (SP) + Loss
The profit (gain) percentage and selling price are :
- The Formula for Cost Price(CP) : {100/(100 + Profit %)} x SP.
The loss percentage and SP are :
- The Formula for Cost Price(CP) : {100/(100 - Loss %)} x SP
Know more:
- By comparing the profit to the selling price the CP is used to confirm the profit. This implies that there is a profit in the purchase if the original value, which is the C.P.is lower than the selling price.
- Additionally the purchase will result in a loss if the C.P. is higher than the S.P.