11 CHAP - 11 PROFIT AND LOSS IMPORTANT FACTS COST PRICE THE...

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11. PROFIT AND LOSS IMPORTANT FACTS COST PRICE : THE PRICE AT WHICH ARTICLE IS PURCHASED.ABBREVATED AS C.P. SELLING PRICE: THE PRICE AT WHICH ARTICLE IS SOLD. PROFIT OR GAIN:IF SP IS GREATER THAN CP,THE SELLING PRICE IS SAID TO HAVE PROFIT OR GAIN. LOSS: IF SPIS LESS THAN CP,THE SELLER IS SAID TO INCURED A LOSS. FORMULA 1.GAIN=(SP)-(CP). 2.LOSS=(CP)-(SP). 3.LOSS OR GAIN IS ALWAYS RECKONED ON CP 4. GAIN %={GAIN*100}/CP. 5.LOSS%={LOSS*100}/CP. 6.SP={(100+GAIN%) /100}*CP. 7.SP={(100-LOSS%)/100}*CP. 8.{100/(100+GAIN%)} *SP 9.CP=100/(100-LOSS%)}*SP 10.IF THE ARTICLE IS SOLD AT A GAIN OF SAY 35%, THEN SP =135% OF CP 11.IF A ARTICLE IS SOLD AT A LOSS OF SAY 35%. THEN SP=65% OF CP. 12.WHEN A PERSON SELLS TWO ITEMS,ONE AT A GAIN OF X% AND OTHER AT A LOSS OF X%.THEN THE SELLER ALWAYS INCURES A LOSS GIVEN: {LOSS%=(COMON LOSS AND GAIN ) 2 }/10.=(X/10) 2 13.IF THE TRADER PROFESSES TO SELL HIS GOODS AT CP BUT USES FALSE WEIGHTS,THEN GAIN=[ERROR/(TRUE VALUE)-(ERROR)*100]%
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ex.1 A man buys an article for rs.27.50 and sells it for rs.28.50. find his gain %. sol. cp=rs27.50, sp=rs 28.50 gain=rs(28.50 –27.50)=rs1.10 so gain%={(1.10/27.50)*100}=4% Ex.2. If the a radio is sold for rs 490 and sold for rs 465.50.find loss%. sol. cp=rs490,sp= 465.50. loss=rs(490-465.50)=rs 24.50. loss%=[(24.50/490)*100]%=5% Ex.3.find S.P when (i)CP=56.25,gain=20%. sol. (i)SP =20% of rs 56.25 ,=rs{(120/100)*56.25}=rs67.50. (ii)CP=rs 80.40,loss=5% sol: sp=85% of rs 80.40 =rs {(85/100)*80.40}=rs 68.34. ex.4 find cp when: (i) sp =rs 40.60 : gain=16% (ii) sp=rs51.70:loss=12% (i) cp=rs{(100/116)*40.60}=rs 35. (ii) cp=rs{(100/88)*51.87}=rs58.75. ex.5 A person incures loss for by selling a watch for rs1140.at what price should the watch be sold to earn a 5% profit ? sol. let the new sp be rsx.then (100-loss%) : (1 st sp)=(100+gain%) (2 nd sp ) {(100-5)/1400}={(100+5)/x}=> x={(105*1140)/95} =1260. ex.6 A book was sold for rs 27.50 with a profit of 10%. if it were sold for rs25.75, then what would be % of profit or loss? sol. SP=rs 27.50: profit =10%.
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This note was uploaded on 08/13/2011 for the course FSD 011 taught by Professor Vinh during the Spring '11 term at Beacon FL.

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11 CHAP - 11 PROFIT AND LOSS IMPORTANT FACTS COST PRICE THE...

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