Answer:

It seems like you're referring to a scenario where the Selling Price (S.P.) of an item is Rs 235, and the Cost Price (C.P.) is Rs 247. To calculate the profit or loss, you can use the formula:

\[ \text{Profit (or Loss)} = \text{S.P.} - \text{C.P.} \]

In this case:

\[ \text{Profit (or Loss)} = 235 - 247 \]

Calculating this will give you the profit or loss amount. If the result is positive, it's a profit, and if it's negative, it's a loss.