IMPORTANT EXAMPLES  
Here Some Basic Formulas/Rules Are given below : Cost Price : The price at which an article is purchased, is called its cost price, abbreviated as C.P.Selling Price : The price at which an article is sold, is called its selling price, abbreviated as S.P. 1 Profit or Gain : If S.P. is greater than CR, the seller is said to have a profit or gain. Loss : If S.P. is less than C.P., the seller is said to have incurred a loss.
