What is Cost price, selling price, profit loss

Last updated at April 16, 2024 by

Suppose I have a coke can

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What is Cost price, selling price, profit loss - Part 2

 

Now,

Suppose I purchased the can for Rs 20 and sell it for Rs 20. What is my profit or loss?

What is Cost price, selling price, profit loss - Part 3

 

Now,

  CP = Rs 20

  SP = Rs 20

 

So,

  CP = SP

 

Profit or Loss = CP − SP

= 20 − 20

= 0

 

So, when

  Cost Price = Selling Price

There is no Profit, no Loss

 

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Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.