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Q: What difference between the selling price of a product and the cost of the product to the seller is called .?
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whatever product is produced and sales in our country that is called GDP,selling tothe othe country that is called GNP


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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.


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