Statement 1: Profit is defined as the positive difference between sell

1.	Statement 1: Profit is defined as the positive difference between selling price and cost price whenever SP > CP.Statement 2: Loss is found when CP > SP.Choose the correct option with respect to the above statements.
Answer» Statement 1: Profit is defined as the positive difference between selling price and cost price whenever SP > CP. Statement 2: Loss is found when CP > SP. Choose the correct option with respect to the above statements.

Statement 1: Profit is defined as the positive difference between selling price and cost price whenever SP > CP.Statement 2: Loss is found when CP > SP.Choose the correct option with respect to the above statements.

Answer»

Statement 1: Profit is defined as the positive difference between selling price and cost price whenever SP > CP.

Statement 2: Loss is found when CP > SP.

Choose the correct option with respect to the above statements.