Tag: loss

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Profit and Loss – Basic Problems with Solutions

Basic Problems with Solutions – Profit and Loss Let’s go through some basic profit and loss problems with detailed solutions. We’ll break it down with definitions, formulas, and examples. Definitions: Profit: When the selling price of an item is higher than its cost price.Formula: Profit = Selling Price − Cost Price Loss: When the selling price of […]

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Profit and Loss – Formulas Problems – Solutions

       Problems – Solutions – Profit and Loss – Formulas Important Facts The cost price is the price at which a product orservice is purchased by seller. The selling price is the price at which a product or service is sold to the buyer. When the selling price (SP) is greater than cost price(CP) […]

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