Math, asked by patelhardika94, 1 year ago

WHAT IS PROFIT & LOSS

Answers

Answered by Shravani83

1

When a person buys some article and if he sells it more than the price he bought he has a profit that is gaining more money than spend. It is called profit.

When a person buys some article and if he sells it less than the price he bought he has a loss that is losing more money than spend. It is called loss.

Answered by kkpc22803

1

when a person solds his goods more then his cost price, net amount gained is profit.
when a person solds his goods less than its cost price, it is said to be loss

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