Question

what is profit and loss?​

Answer 1

Answer:

Profit is when we bought something in 10 rupees and sell it in more than 10 rupees

Loss is when we bought something in 10 rupees and sell it in less than 10 rupees.....

Hope It Helps U!!!

Answer 2

Step-by-step explanation:

If the selling price is more than cost price the seller earns a profit.

If the cost price is more than the selling price then the seller has a loss.

For example if we buy a pen for ₹10 and sell it for ₹20 we earn a profit of ₹10

And if we buy something from someone at the cost of ₹10 and sell it for ₹5 we have a loss of ₹5

HOPE THIS HELPS

HAVE A WONDERFUL DAY.