Profit & Loss practice set 1 for RRVUNL AE & JE,UPPCL AE,DMRC/NMRC,SSC JE,BSPHCL JE - All Exam Review Adda

Profit & Loss Important formulas: Cost Price: The price for which an article is purchased is called the Cost Price (C.P.) Selling price: The price at which an article is sold is called the Selling Price (S.P.) Market Price: The price for which an article can be bought or sold i.e. the price at which the article is available to the market. Profit or Gain: The difference between the selling price and the cost price (when S.P. is more than C.P) is called the Profit. Loss: The difference between the cost price and selling price (when C.P. is more than