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11 PROFIT AND LOSS
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]%