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Profit And Loss Questions and Answers (Q&A)

There are different ways to make a profit if you own and run a store. It seems simple that it is the extra money that is received from when someone purchases an item or service from the company.

The profit comes from the leftover money from how much the company spent purchasing or making that item and the costs associated with running the company. The two types of computing profits for a company include the profit from the cost price which is the amount that the company paid to acquire this product or make it.

The other way is called the selling price which is the amount that the company sold the product to the customer. If the merchants sell the product for Rs. 1000, the greater profit would be Rs. 50.

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