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Profit:If the selling price(S.P.)of an article is greater than the cost price(C.P.), the difference between the selling price and cost price is called a profit.
loss:If the selling price (S.P.) of an article is less than the cost price(C.P.),the difference between the cost price and selling price is called loss.
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What are the formula for profit and loss in mathematics?
Formula:Profit = Selling Price (SP) - Cost Price (CP)Loss = Cost Price (CP) - Selling Price (SP)
What are the uses and application of basic mathematics in the hotel restaurant and management?
Scheduling, calculations for payroll and accounting, inventory, profit and loss calculations, etc..
What is profit and loss in mathematics?
Profit or Loss is always calculated on the cost price.Cost price (C.P.): price on which an item is purchased.Selling price (S.P.): price on which an item is sold.Profit: If the selling price is more than the cost price, the difference between them is the profit incurred. Selling Price (SP) > Cost Price (CP) → ProfitLoss: If the selling price is less than the cost price, the difference between them is the loss incurred. Selling Price (SP) < Cost Price (CP) → Loss
What is the definition of order in mathematics?
Go find out your self!
What is the definition of mathematics of investment?
The mathematics of investment deals with the investment of money, such as bonds, paper bills, etc.
