Suppose I have a coke can

17.jpg

18.jpg

 

Now,

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

19.jpg

 

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

 

  1. Chapter 8 Class 8 Comparing Quantities
  2. Concept wise
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Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 8 years. He provides courses for Maths and Science at Teachoo. You can check his NCERT Solutions from Class 6 to 12.