Profit, Loss and Discount
The price written on the article or tagged with the article is called its marked price or list price. The reduction made on the marked price of an article is called trade discount or simply discount. The price after deducting the discount from the marked price is called the net price or the selling
Before starting a new business, an analysis is done to find whether a business expects to give profit or loss. Companies describe their success or failure as an increase or decrease in profit levels.
Whenever selling price is more than the cost price, a profit is earned.
Profit = S.P. – C.P.
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