Understanding profit and loss calculations from "summary" of RRB ALP Exam PDF-RRB Assistant Loco Pilot Exam-CBT-1-Mathematics Subject eBook by Chandresh Agrawal,Nandini Books
Profit and loss calculations are essential in the field of mathematics, particularly in the context of business and commerce. These calculations help individuals and businesses understand their financial performance by analyzing the revenue earned and the expenses incurred. To calculate profit, one must subtract the total expenses from the total revenue. This difference represents the amount of money gained after covering all costs. On the other hand, to calculate loss, one subtracts the total revenue from the total expenses. This difference represents the amount of money lost after factoring in all costs. Understandin...
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