This flowchart shows how to calculate profit or loss by comparing income to costs. It starts with inputting income and cost values, then compares the two using a decision diamond. If income is greater than or equal to cost, it calculates and prints the profit by subtracting cost from income. Otherwise, it calculates and prints the loss by subtracting income from cost before ending the process. The flowchart provides a simple and logical step-by-step process for determining profit or loss based on basic financial information.
This flowchart shows how to calculate profit or loss by comparing income to costs. It starts with inputting income and cost values, then compares the two using a decision diamond. If income is greater than or equal to cost, it calculates and prints the profit by subtracting cost from income. Otherwise, it calculates and prints the loss by subtracting income from cost before ending the process. The flowchart provides a simple and logical step-by-step process for determining profit or loss based on basic financial information.
This flowchart shows how to calculate profit or loss by comparing income to costs. It starts with inputting income and cost values, then compares the two using a decision diamond. If income is greater than or equal to cost, it calculates and prints the profit by subtracting cost from income. Otherwise, it calculates and prints the loss by subtracting income from cost before ending the process. The flowchart provides a simple and logical step-by-step process for determining profit or loss based on basic financial information.
The flowchart topic is How to calculate profit or loss
based on income and cost.
The description of the flowchart is: •This flowchart helps you to find out if you are making a profit or a loss from your business or personal finance. •You need to enter your income and cost, and the flowchart will compare them and tell you the result. Key points • This flowchart shows us how to calculate your profit or loss in a few steps. We just need to know your income and cost, and the flowchart will tell you the result. • It is a clear and logical way of solving a problem. We can see the flow of data and the conditions that affect the outcome. • It is a simple and easy-to-understand process. We just need to input any income and cost, and the flowchart will do the rest for us. • It helps us to plan and design our code. We can use the flowchart as a blueprint for writing our code, and make sure it works as expected. the activities of the flowchart • Start: Oval shape representing the beginning. • Read Income and Cost: Rectangular box for processing data, where the numbers are gathered. • Compare Income and cost: Diamon shape for a decision, checking if income is greater than or equal to cost. Yes: Calculate the profit (income minus cost) and Print the calculated profit No: Calculate loss (cost minus income) and print the calculated loss. • End: Oval shape indicating the end of the flowchart.