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GCSE Mathematics · key term
The amount by which a cost price exceeds its selling price.
Used by AQA
Specification N2 · Paper 1, Paper 2, Paper 3
Revise: Household FinanceThe same subtraction can describe a profit, a loss, tax taken from pay or money leaving an account; the context tells you what the answer means.
For profit or loss, compare the selling price with the cost price and label the difference correctly.
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