Profit is the money made when a business'income is more than its expenditure. Loss is the m oney lost when a business'expenditure is more than its income. For each of the businesses below, state whether they made a profit or a loss.

## Step1: To find whether a business makes a profit or a loss, we compare the income of the business to its expenditure. If income exceeds expenditure, then the business made a profit. Conversely, if expenditure exceeded income, then the business has a net loss.## Step2: Let's consider the details of each business to step through this process.### For Business AIncome = Expenditure = Here, the expenditure exceeds the income. So, this business has a loss. ### For Business BIncome = Expenditure = Here, the expenditure exceeds the income. So, this business has a loss. ### For Business CIncome = Expenditure = Here, the income exceeds the expenditure. So, this business has made a profit.