What's the profit
What did we gain
Answers
Answered by
0
When the shopkeeper buys some product with lesser rate and sells it with more rate, then he has a profit.
Gain is as same as profit.
When the selling price is more than the cost price then there is a profit or gain.
For example- A shopkeeper named Ram bought a TV for Rs. 25,000 and he sells it for Rs. 35,000. Then, he has a profit of Rs. 10,000.
Formula for profit is
Profit= Selling price(SP) - Cost price (CP)
hope it helps.
plz mark as brainliest.
if u have any doubt, comment
Gain is as same as profit.
When the selling price is more than the cost price then there is a profit or gain.
For example- A shopkeeper named Ram bought a TV for Rs. 25,000 and he sells it for Rs. 35,000. Then, he has a profit of Rs. 10,000.
Formula for profit is
Profit= Selling price(SP) - Cost price (CP)
hope it helps.
plz mark as brainliest.
if u have any doubt, comment
Similar questions