When the cost of buying goods is more than the selling price than it is called as gross loss or net loss
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Answer:
gross loss
Explanation:
A gross loss is the amount of money your business has paid for expenses such as equipment purchases, payroll, duty fees and leasing charges to keep your company in operation. The gross loss will not reflect any credits to the account.
A net loss is when expenses exceed the income or total revenue produced for a given period of time.
its gross loss because you are just transacting between goods and not calculating the final total
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