Profit/Loss when SP of two items is same logic: The profit or loss of two items is determined by comparing the selling price (SP) to the cost price (CP)....
Profit/Loss when SP of two items is same logic:
The profit or loss of two items is determined by comparing the selling price (SP) to the cost price (CP).
If the SP is higher than the CP, there is a profit.
If the SP is lower than the CP, there is a loss.
This logic can be applied to different scenarios, such as:
If you buy an item for 15, you make a profit of $5.
If you buy an item for 18, you lose $2.
If you buy an item for 40, you make a profit of $10.
Examples:
If the cost price of an item is 12, there is a profit of $2.
If the cost price of an item is 10, there is a loss of $5.
If the cost price of an item is 30, there is a profit of $5