
Cost Price: The money paid by a store owner to buy goods is called the cost price(C.P.) of the store owner.
Selling Price: The price at which a store sells the goods is called the selling price (S.P.). Profit: If the selling price (S.P.) is greater than the cost price (C.P.), then the store owner make a profit.
Formulae: Directions: Answer the following qustions. Also write at least ten examples of your own. 