Question

(a) In what manner is loss and gain measured?​

Answer 1

Answer:

loss and gain are measured in a quite simple way depends on their CP and SP cost price and selling price

Explanation:

for example if you are buying a car in 1 lakh and you are selling the car into 2lacs then you have the proper profit of 1 lakh and this is the the game of 1 lakh and in easier way if you are buying a table in 10000 and what selling it in 5000 it is your loss it's ok cool