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Loss (English)

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Definition (keystage 2)

How much money is lost by buying something and then selling it at a lower price; for instance if a shopkeeper buys a pound of apples for £1 and sells them for 70p, a loss of 30p has been made.

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Relations

broader:: (en) FinancialTerm; (en) Price
references:: (en) Money problem
see also:: (en) Profit

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