CBSE Notes for Comparing Quantities Class 8 Extra Questions
• S.P. is selling price
• C.P. is cost price
• The overhead expenses are a part of CP
• Profit or loss is always calculated on CP
• For profit, SP>CP and for loss CP>SP
• Discount is always calculated on the marked price.
• VAT is not a part of selling price. Although it is calculated on the SP but it is excluded from the SP while calculating profit or loss. Please refer Comparing Quantities Class 8 Extra Questions for more information.
CBSE Revision Notes 