# What was the selling price of the first dishwasher?

20 dollars since it was made back in the 1890's

### What is profit and loss in mathematics?

Profit or Loss is always calculated on the cost price. Cost price (C.P.): price on which an item is purchased. Selling price (S.P.): price on which an item is sold. Profit: If the selling price is more than the cost price, the difference between them is the profit incurred. Selling Price (SP) > Cost Price (CP) → Profit Loss: If the selling price is less than the cost price, the difference between them is the…

### How does the cost of production and the selling price affect the profit?

As a very rough approximation, Profit = Selling Price - Cost of Production. As a very rough approximation, Profit = Selling Price - Cost of Production. As a very rough approximation, Profit = Selling Price - Cost of Production. As a very rough approximation, Profit = Selling Price - Cost of Production.

### What is the definition of profit and loss in mathematics?

Profit:If the selling price(S.P.)of an article is greater than the cost price(C.P.), the difference between the selling price and cost price is called a profit. loss:If the selling price (S.P.) of an article is less than the cost price(C.P.),the difference between the cost price and selling price is called loss.