Question

What is profit loss and discount​

Answer 1

Answer:

Formula: Loss = Cost price (C.P.) – Selling Price (S.P.) Profit or Loss is always calculated on the cost price. Marked price: This is the price marked as the selling price on an article, also known as the listed price. Discount or Rebate: This is the reduction in price offered on the marked or listed price.

Answer 2

Answer:

PROFIT: The money that you make in a business or by selling things especially after paying the cost involved.

               OR

It is the benefit you get from doing something.

LOSS: The state of no longer something or as much of something.

       OR

It is the money that has been lost by a business or an organisation.

DISCOUNT: The amount of money that is taken off the usual cost of some thing(i.e Reduction)

         OR

To think or say that something is not important or not true (i.e dismiss)

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