Loss

In commercial arithmetic, a loss occurs when the selling price of an item is less than its cost price. It represents the financial decrease or the amount of money lost during a business transaction.

Example

If a trader buys a shirt for $15,000\text{ TZS}$ and sells it for $12,000\text{ TZS}$, the loss is calculated as: $\text{Loss} = \text{Cost Price} - \text{Selling Price} = 15,000 - 12,000 = 3,000\text{ TZS}$.

Loss

Example

See Also