What Do You Mean By Profit And Loss In Mathematics
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Answer:
profit means gain formula for profit is cp -sp
formula for profit percentage is 100 multiply by profit / cp
loss os opposite of profit
formula for loss is sp -cs
formula for loss percentage is 100 multiply by loss / cp
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profit and loss formula is used in mathematics to determine the price of a commodity in the market and understand how profitable a business is. Every product has a CP and SP . Based on the values of these prices, we can calculate the profit gained or loss of money for a particular product.
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