Question

Profit loss and discount

Answer 1

Ohkkk


Profit

When Selling price is more than the cost price

Then there is a profit.

For example = SP = 100 and CP = 90
So profit = SP - CP = 10


Loss

Just reversed the case

When CP is more


Discount = Amount of money which a person given on a sales of good


For ex - if the cost price is 50
and the shopkeeper sells it at 40
Then he allows a discount of rs 10


Hope its clear


Thankuuuuuu

Answer 2

hey friend


PROFIT:-- Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Anyprofit that is gained goes to thebusiness's owners, who may or may not decide to spend it on thebusiness.

LOSS:-- In financial accounting, aloss is a decrease in net income that is outside the normal operations of thebusiness. Losses can result from a number of activities such as; sale of an asset for less than its carrying amount, the write-down of assets, or a lossfrom lawsuits.


discount:-- A trade discount is an amount by which the price of something is reduced for a person or business in the same trade. People in the building trade can get trade discounts of up to 50 percent. ... A trade discount is an amount by which the price of something is reduced for a person orbusiness in the same trade.

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