Profit/Loss when SP of two items is same When the price of two items is the same, a profit or loss will be generated based on the difference between their p...
Profit/Loss when SP of two items is same
When the price of two items is the same, a profit or loss will be generated based on the difference between their prices.
Profit:
If the price of item A is greater than the price of item B, then a profit will be made when selling item A for more than its cost.
The profit = price of item A - price of item B.
Loss:
If the price of item A is less than the price of item B, then a loss will be incurred when selling item A for less than its cost.
The loss = price of item A - price of item B.
Example:
Suppose item A costs 15. If you sell item A for 2 (12). If you sell item B for 5 (10).
Key Points:
A profit is when the price of item A is higher than the price of item B.
A loss is when the price of item A is lower than the price of item B.
The profit or loss is calculated by subtracting the cost price from the selling price