alleryIn trade, the abbreviation CP stands for
ACurrent price
BCustomer price
CCost price
DClosing price
Answer & Solution
Correct answer: C. Cost price
CP is the shorthand for cost price, the original price of an item.
Keep practising Profit and Loss
Browse all Profit and Loss questions for RRB NTPC, or explore more Quantitative Aptitude topics.
Related questions
Which deductions are made against list price by a wholesaler to a retailer?What is the total outlay needed to produce a product or deliver a service called?In commercial trade, what base value is used to calculate profit percentage?A 25% discount gives a price of Rs 1800. The price with only a 10% discount would beThe discount is one fifth of the marked price of Rs 750. The selling price isGoods bought at 10% below list price are sold at list price. Profit percent?A price cut of 20% must be followed by what rise to restore the original price?40 shirts bought at Rs 250 each; 30 sold at Rs 320, the rest at Rs 200. Profit percent?