Statement 1: In case of profit (i.e. if S.P. C.P.), C.P. = S.P. x . Statement 2: In case of loss (i.e. if C.P. S.P.), S.P. = . Which of the following options is correct? 1. Both the statements are true. 2. Both the statements are false. 3. Statement 1 is true, and statement 2 is false. 4. Statement 1 is false, and statement 2 is true.