Answers

2014-08-07T16:38:01+05:30

This Is a Certified Answer

×
Certified answers contain reliable, trustworthy information vouched for by a hand-picked team of experts. Brainly has millions of high quality answers, all of them carefully moderated by our most trusted community members, but certified answers are the finest of the finest.
When a person buys some article and if he sells it more than the price he bought he has a profit that is gaining more money than spend. It is called profit.

When a person buys some article and if he sells it less than the price he bought he has a loss that is losing more money than spend. It is called loss.
0
  • Brainly User
2014-08-07T16:47:47+05:30
When a person solds his goods more then his cost price, net amount gained is profit. 
when a person solds his goods less than its cost price, it is said to be loss
0