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Profit and Loss
Important Facts:
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.
Profit or Gain: If S.P. Is greater than C.P. The seller
is said to have a profit or gain.
Loss:if S.P. Is less [...]