Question

The difference between the selling price and cost price is called ______

Answer 1

Answer:

if selling price is more than cost price then this difference is called profit but if cost price is more than selling price then its is called loss.

Answer 2

Answer:

The difference between the selling price and cost price is called profit or loss

Step-by-step explanation:

• Selling price is a price on which an item is sold by shopkeeper.
• Cost  price is a price on which an item is bought by shopkeeper
• The difference between selling proce and cost price can be profit and loss.
• If selling price is more than cost price, difference is called profit
• If selling price is less than cost price, difference is called loss