explain profit and loss in detail
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profit: is meant by in Money it can be also said as benifit for us...
Eg: you are having Rs.10 chocolate and you sold it for Rs.15 so it is the benefit for you but can also be said as profit...
Loss:Is meant by decreasing amount it is not at all beneficial for us...
E.g:you are having Rs.10 chocolate and you sold it for Rs.5 then it is a loss of five rupees for you..
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Profit and loss can also in other meaning except maths profit means beneficial to us and lost means non beneficial to us...
Hope it helps
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