Question

Write formulas for the following mathematical statement.

The difference between the selling price and cost price is profit.
(1 Point)
profit=S.P-C.P
profit=S.P+C.P
profit=C.P-S.P
profit=C.P+S.P

Answer 1

`Profit = SP - CP`

Explanation:

Given

`S.P = Selling\ Price`

`C.P = Cost\ Price`

Required

Represent the profit, mathematically

The profit is the difference between SP and CP.

This is represented as:

`Profit = SP - CP`