Profit and Loss
Profit and Loss
Last updated at February 13, 2026 by Teachoo
Transcript
Cost Price, Marked Price, Selling PriceNow, Cost price is price at which you buy Marked price is price at which you mark in your store (MRP) Selling price is price at which you sell after discount Let’s look at a journey of a sweater from the manufacturer to the customer Journey of a sweater from the manufacturer to the customer In this case, Kishanlal (retailer) buys sweaters from a wholesaler at a price of ₹300 per sweater (Cost Price) The marked price he quotes his customers is ₹480 (Marked Price) After bargaining, he sells this sweater at ₹430 (Selling Price)