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What are profit and loss

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What are profit and loss

Posted by Niharika Gupta 6 years ago

CBSE > Class 07 > Mathematics

2 answers

Yogita Ingle 6 years ago

Profit(P)

The amount gained after selling a product more than its cost price.
Profit or Gain = Selling price – Cost Price

Loss(L)

The amount, the seller gets after selling the product less than its cost price, is mentioned as a loss.
Loss = Cost Price – Selling Price

Santu Bhuniya 6 years ago

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