Question

profit and loss amounts formula pls answer me pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls pls​

Answer 1

Answer:

The profit or gain is equal to the selling price minus cost price. Loss is equal to cost price minus selling price.

Step-by-step explanation:

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Answer 2

Formula:

Loss = Cost price (C.P.) – Selling Price (S.P.)

Profit or Loss is always calculated on the cost price.

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