at first 20% profit is earned and subsequently 15% loss was incurred in a business. What is the overall percentage of loss or profit .
Answers
Answer:
Percentage Loss
Percentage loss is a pivotal concept in this section. Many examples are directly or indirectly based on the concept of Percentage loss. In the following section, we will recall all the important concept of this section. We will also see how we can represent the loss in the form of a percentage. We have solved examples and practice questions. Let us see further!
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Percentage Loss
Profit and loss is the branch of basic mathematics which deals with the study of profit and loss made in a business transaction. The profit and loss account is fundamentally a summary of the trading transactions of a business and shows whether it has made a profit or loss during a particular period of account. Indeed, by deducting the total expenditure from total income the profit or loss of a business can be calculated. Along with the balance sheet, it is one of the key financial statements that make up a company’s statutory accounts. Basically, this type of account shows the following information for a business:
Sales revenue earned by business.
Cost of sales that the business has incurred.
Other operating costs incurred by the business.
Profit/Loss earned by business.
Browse more Topics under Profit And Loss
Answer:
answer is 2% profit is the answer