Lesson 5 · Profit and Loss: Discount

Profit and Loss: Discount

MathematicsSubject
8 minEstimated read

Terms and Symbols Used in This Work

TermSymbolMeaning
Cost priceCPthe price paid when buying
Marked priceMPthe price written on the item
DiscountDthe amount taken off the marked price
Selling priceSPthe price the customer pays after the discount
ProfitPSP minus CP, when SP is the larger
LossLCP minus SP, when CP is the larger
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