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Question
If the selling price is less than the cost price, the difference of the prices is the _____.
If the selling price is less than the cost price, the difference of the prices is the _____.
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Solution
The correct option is B Loss
If Selling Price > Cost Price ; then you have a Profit and the difference between the prices is called the profit.
If Selling Price < Cost Price ; then you have a loss and the difference between the prices is called the loss.
If Selling Price > Cost Price ; then you have a Profit and the difference between the prices is called the profit.
If Selling Price < Cost Price ; then you have a loss and the difference between the prices is called the loss.
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