3. Profit and loss based on which of the following?
a) Commission
b) Cost price
e) Selling price
d) Product
Answers
Answered by
0
Answer:
product
Step-by-step explanation:
why because we buy a product for such a price
such that we sell a product for such price.
So profit and loss are based on product
Answered by
1
Answer:
profit and loss are based on selling price because the formula of profit is SP-CP
Step-by-step explanation:
if selling price is more than cost price then profit occurred they are direct relationship between selling price and cost price
more selling price more profit less selling price less profit or loss
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