Cost Price vs Selling Price — Difference (with Table)
Cost Price vs Selling Price compared side by side — a 5-row comparison table and 4 key points. Class 5-7 Maths, free and no sign-up.
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TL;DR: Cost Price vs Selling Price compared side by side — a 5-row comparison table and 4 key points. Class 5-7 Maths, free and no sign-up.
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The main difference between Cost Price and Selling Price: Cost price is the amount paid to acquire a product. Selling price is the amount for which the product is sold to customers.
Cost Price vs Selling Price — Comparison Table
| Basis | Cost Price | Selling Price |
|---|---|---|
| Definition | Price at which goods are purchased | Price at which goods are sold |
| Profit Calculation | Profit = SP - CP | Part of profit equation |
| Loss Situation | No loss if CP is lower | Loss occurs if SP is lower |
| Example | Shopkeeper buys shirt for Rs. 300 (CP) | Shopkeeper sells shirt for Rs. 500 (SP) |
| Relationship | Lower means better purchase | Higher means more profit |
Key Points
- Cost price is what the buyer or seller pays to acquire goods
- Selling price is what customers pay for the goods
- Profit is the difference between selling price and cost price
- If selling price is less than cost price, it results in a loss