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Chapter 10 – Profit and Loss – R S Aggarwal Solutions for class 8

Basics terms to be used in this chapter

(a) Cost price (CP): It is the price at which an article is bought.

(b) Selling price (SP): It is the price for which an article is sold.

(c) Profit or gain: When selling price is more than the cost price.

  • Profit or gain = SP-CP

(d) Loss: when cost price is more than the selling price.

  • Loss = CP-SP

Formulae to be used in this chapter:



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