{"id":2235,"date":"2022-10-07T10:00:00","date_gmt":"2022-10-07T04:30:00","guid":{"rendered":"https:\/\/www.placementpreparation.io\/blog\/?post_type=web-story&#038;p=2235"},"modified":"2022-10-02T10:58:20","modified_gmt":"2022-10-02T05:28:20","slug":"real-life-applications-of-profit-and-loss","status":"publish","type":"web-story","link":"https:\/\/www.placementpreparation.io\/blog-live\/web-stories\/real-life-applications-of-profit-and-loss\/","title":{"rendered":"3 Awesome Real-life Applications of Profit &#038; Loss"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p><\/p><meta charset=\"utf-8\"><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&amp;family=Roboto%3Awght%40400%3B700\" 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var(--story-page-vw));\n                line-height: 1.4;\n                word-break: break-word;\n                word-wrap: break-word;\n                overflow-wrap: break-word;\n              }\n              <\/style><p><meta name=\"web-stories-replace-head-start\"><\/p><title>3 Awesome Real-life Applications of Profit &amp; Loss<\/title><link rel=\"canonical\" href=\"https:\/\/www.placementpreparation.io\/blog\/?post_type=web-story&amp;p=2235\"><meta name=\"web-stories-replace-head-end\"><body><amp-story standalone=\"\" publisher=\"Placement Preparation\" publisher-logo-src=\"https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/06\/placement-preparation-logo-96x96-1.png\" title=\"3 Awesome Real-life Applications of Profit &amp; Loss\" poster-portrait-src=\"https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/cropped-profit-loss-cover-image.png\"><amp-story-page id=\"2fcdc028-4d40-4942-a821-23139d223640\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#0e1b33\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-3063cf6e-99d4-4266-8a4c-0014c3c2b7e4\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:22.81553%;top:39.96764%;width:54.61165%;height:55.33981%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-def3e2a8-b2bf-4815-9f78-f31ac5ff57ba\">\n<div style=\"position:absolute;width:100%;height:100.36532%;left:0%;top:-0.18266%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/profit-loss-webstory-img.png\" alt=\"profit loss webstory img\" srcset=\"https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/profit-loss-webstory-img.png 1311w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/profit-loss-webstory-img-1007x1536.png 1007w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/profit-loss-webstory-img-768x1172.png 768w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/profit-loss-webstory-img-671x1024.png 671w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/profit-loss-webstory-img-197x300.png 197w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/profit-loss-webstory-img-150x229.png 150w\" sizes=\"(min-width: 1024px) 25vh, 55vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:19.90291%;top:11.16505%;width:60.43689%;height:20.71197%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.8032128514056224% 0.8032128514056224% 0.8032128514056224% 0.8032128514056224% \/ 1.5625% 1.5625% 1.5625% 1.5625%\" id=\"el-27c557a8-4fa1-4803-8d11-02544730c516\">\n<h1 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.1310240963855414% 0;font-family:\"Roboto\",sans-serif;font-size:0.582524em;line-height:1.19;text-align:center;padding:0;color:#000000'><span><span style=\"font-weight: 700; color: #fff\">Real-life Applications of <\/span><span style=\"font-weight: 700; color: #e85e3d\">Profit and Loss<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"142d3b46-49a3-4ca7-9255-9f0cda6a7856\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#d4e4c0\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-b98c5422-6522-41f1-8c7e-36801a9d4983\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:20.38835%;top:11.16505%;width:58.25243%;height:38.67314%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-43b1cdf4-16c3-4130-b2c4-4f7d7f09de00\">\n<div style=\"position:absolute;width:100.14667%;height:100%;left:-0.07334%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/Pls2x.png\" alt=\"Pls2x\" srcset=\"https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/Pls2x.png 3911w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/Pls2x-2048x2036.png 2048w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/Pls2x-1536x1527.png 1536w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/Pls2x-1024x1018.png 1024w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/Pls2x-768x764.png 768w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/Pls2x-300x298.png 300w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/Pls2x-150x150.png 150w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/Pls2x-96x96.png 96w\" sizes=\"(min-width: 1024px) 26vh, 58vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:57.44337%;width:69.90291%;height:10.35599%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6944444444444444% 0.6944444444444444% 0.6944444444444444% 0.6944444444444444% \/ 3.125% 3.125% 3.125% 3.125%\" id=\"el-ea5ad505-278c-4738-957d-ce61105922d8\">\n<h2 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.13183593749999975% 0;font-family:\"Roboto\",sans-serif;font-size:0.436893em;line-height:1.2;text-align:center;padding:0;color:#000000'><span><span style=\"font-weight: 700\">To Calculate Profit\/Loss in Business<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:25.48544%;top:73.46278%;width:48.54369%;height:13.91586%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:1% 1% 1% 1% \/ 2.3255813953488373% 2.3255813953488373% 2.3255813953488373% 2.3255813953488373%\" id=\"el-b21bfe69-61cd-405c-93d6-cb6993c899f4\">\n<p class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.12656249999999947% 0;font-family:\"Roboto\",sans-serif;font-size:0.291262em;line-height:1.2;text-align:center;padding:0;color:#000000'><span>The profit and loss concepts are critical to calculate profit\/loss of a business.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"5545bd53-1c81-4db5-8718-a3fd058f6696\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#d4e4c0\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-a73948e2-a305-4191-b826-3cfe44a66636\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:57.44337%;width:69.90291%;height:10.5178%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6944444444444444% 0.6944444444444444% 0.6944444444444444% 0.6944444444444444% \/ 3.076923076923077% 3.076923076923077% 3.076923076923077% 3.076923076923077%\" id=\"el-072e97d5-1a90-465f-bde0-64e1fb8a6706\">\n<h2 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.13183593749999975% 0;font-family:\"Roboto\",sans-serif;font-size:0.436893em;line-height:1.2;text-align:center;padding:0;color:#000000'><span><span style=\"font-weight: 700\">To Create<\/span><br>\n<span style=\"font-weight: 700\">Personal Budget<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:25.48544%;top:73.46278%;width:49.27184%;height:13.91586%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.9852216748768473% 0.9852216748768473% 0.9852216748768473% 0.9852216748768473% \/ 2.3255813953488373% 2.3255813953488373% 2.3255813953488373% 2.3255813953488373%\" id=\"el-5685e8a2-fd48-4da4-8827-357c84a388ba\">\n<p class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.12469211822660047% 0;font-family:\"Roboto\",sans-serif;font-size:0.291262em;line-height:1.2;text-align:center;padding:0;color:#000000'><span>The profit and loss concepts are critical to keep track of your personal expenses.<\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:19.66019%;top:9.54693%;width:60.43689%;height:40.45307%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-11fa414a-7bbd-4e8c-b6a7-1a74527d4587\">\n<div style=\"position:absolute;width:100%;height:101.15343%;left:0%;top:-0.57672%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/budget.png\" alt=\"budget\" srcset=\"https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/budget.png 2757w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/budget-2017x2048.png 2017w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/budget-1512x1536.png 1512w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/budget-1008x1024.png 1008w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/budget-768x780.png 768w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/budget-295x300.png 295w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/budget-150x152.png 150w\" sizes=\"(min-width: 1024px) 27vh, 60vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"77a2cf21-f194-494d-ba88-14b746289847\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#d4e4c0\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f107c157-139b-436b-ad25-473d9af6af07\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:14.80583%;top:57.44337%;width:69.90291%;height:10.5178%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6944444444444444% 0.6944444444444444% 0.6944444444444444% 0.6944444444444444% \/ 3.076923076923077% 3.076923076923077% 3.076923076923077% 3.076923076923077%\" id=\"el-cc9a1c12-4d7f-44fd-a6c9-56d09ed0d801\">\n<h2 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.13183593749999975% 0;font-family:\"Roboto\",sans-serif;font-size:0.436893em;line-height:1.2;text-align:center;padding:0;color:#000000'><span><span style=\"font-weight: 700\">To Sell\/<\/span><br>\n<span style=\"font-weight: 700\">Buy Items<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:23.05825%;top:75.24272%;width:53.64078%;height:13.91586%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.904977375565611% 0.904977375565611% 0.904977375565611% 0.904977375565611% \/ 2.3255813953488373% 2.3255813953488373% 2.3255813953488373% 2.3255813953488373%\" id=\"el-493d50d7-bbfa-4ba1-9113-3ca8fd28d6c9\">\n<p class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.11453619909502215% 0;font-family:\"Roboto\",sans-serif;font-size:0.291262em;line-height:1.2;text-align:center;padding:0;color:#000000'><span>The profit and loss concepts are critical to determine the profit\/loss of selling any time or product.<\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.00971%;top:7.76699%;width:76.69903%;height:37.37864%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-97b66b17-9c0a-4b0b-ac7e-7b35509eb172\">\n<div style=\"position:absolute;width:100%;height:100.01806%;left:0%;top:-0.00903%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/discount-1.png\" alt=\"discount\" srcset=\"https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/discount-1.png 3381w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/discount-1-2048x1497.png 2048w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/discount-1-1536x1123.png 1536w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/discount-1-1024x749.png 1024w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/discount-1-768x562.png 768w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/discount-1-300x219.png 300w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/09\/discount-1-150x110.png 150w\" sizes=\"(min-width: 1024px) 35vh, 77vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"a0961166-521c-4f73-b2df-b054dcecffb4\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#f2f9f7\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-5f82a25d-70ad-430a-8b13-d0a794d66106\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/06\/end-slide.png\" alt=\"end slide\" srcset=\"https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/06\/end-slide.png 1080w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/06\/end-slide-864x1536.png 864w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/06\/end-slide-768x1365.png 768w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/06\/end-slide-576x1024.png 576w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/06\/end-slide-169x300.png 169w,https:\/\/www.placementpreparation.io\/blog\/wp-content\/uploads\/2022\/06\/end-slide-150x267.png 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:16.50485%;top:74.91909%;width:66.74757%;height:13.91586%;opacity:1\">\n<div 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