definition of profit in mathematics
Answers
Answer:
Profit in Maths is considered as the gain amount from any business activity. ... Basically, when he sells the product more than its cost price, then he gets the profit on it but if he has to sell it for less than its cost price, then he has to suffer the loss.
The extra money earned by selling an article is called profit or gain. When Selling Price (S.P.) is greater than the Cost Price (C.P.) we have a gain (Profit). ... The money lost by selling an article is called Loss. When Cost Price (C.P.) is greater than the Selling Price (S.P.)
Answer:
Profit in Maths is considered as the gain amount from any business activity. ... Basically, when he sells the product more than its cost price, then he gets the profit on it but if he has to sell it for less than its cost price, then he has to suffer the loss.