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When calculating loss, which formula is used?
  • a)
    Loss = Selling Price / Cost Price
  • b)
    Loss = Selling Price - Cost Price
  • c)
    Loss = Cost Price - Selling Price
  • d)
    Loss = Cost Price + Selling Price
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
When calculating loss, which formula is used?a) Loss = Selling Price /...
Loss occurs when the selling price is lower than the cost price, and the formula used is Loss = Cost Price - Selling Price. Understanding this helps businesses avoid making unprofitable sales.
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