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Profit and Loss

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  • How is loss calculated?
    CP - SP
  • If the selling price is higher than the cost price, is it a profit or a loss?
    Profit
  • If the selling price is $20000 and the cost price is $14000, what is the profit?
    $6000
  • How is profit calculated?
    SP - CP
  • What is profit?
    The financial gain earned from a business transaction or activity.
  • If the selling price is $50 and the cost price is $70, what is the loss?
    $20
  • If the selling price is $500 and the cost price is $800, what is the loss?
    $300
  • If the selling price is lower than the cost price, is it a profit or a loss?
    Loss
  • If the selling price is $4000 and the cost price is $1800, what is the profit?
    $2200
  • What is loss?
    A financial decrease
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