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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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โˆ™ 2013-03-02 04:19:21
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Q: What is the definition of profit and loss in mathematics?
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