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Meaning of profit and loss

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Meaning of profit and loss
  • 2 answers

Yogita Ingle 5 years ago

Profit(P)

The amount gained by selling a product with more than its cost price.
 

Loss(L)

The amount the seller incurs after selling the product less than its cost price, is mentioned as a loss.

Shruti Rajput 5 years ago

Fayda - profit Ghata - loss ??
http://mycbseguide.com/examin8/

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