Formulation of revenue and loss are given beneath.
When the Promoting Value (SP) is larger than Price Value (CP) the person makes a Revenue or Achieve.
Promoting Value (SP) > Price Value (CP) → Revenue or Achieve
Revenue = Promoting Value (SP) – Price Value (CP)
If revenue % is required to seek out then,
Revenue % = (Revenue/Price Value) × 100
When the Promoting Value (SP) is lower than Price Value (CP) the person suffers a Loss.
Promoting Value (SP) < Price Value (CP) → Loss
Loss = Price Value (CP) – Promoting Value (SP)
Relying on the formulation of revenue and loss allow us to contemplate some examples:
1. Mr. Smith purchased a guide for $ 85 and bought it for bought it for $ 115. Discover his revenue or loss p.c.
Answer:
Price Value (CP) = $ 85;
Promoting Value (SP) = $ 115
Since SP > CP,
Due to this fact, Mr. Smith makes a revenue.
Revenue = Promoting Value (SP) – Price Value (CP)
= 115 – 85
= $ 30
Due to this fact, revenue % = (Revenue/Price Value) × 100
= (30/85) x 100
= 35.29 %
Solutions: 35.29 %
2. Mr. Brown purchased a TV for $ 5800 and bought it for bought it for $ 7000. Discover his revenue or loss p.c.
Answer:
Price Value (CP) = $ 5800;
Promoting Value (SP) = $ 7000
Since SP > CP,
Due to this fact, Mr. Brown makes a revenue.
Revenue = Promoting Value (SP) – Price Value (CP)
= 7000 – 5800
= $ 1200
Due to this fact, revenue % = (Revenue/Price Value) × 100
= (1200/5800) x 100
= 20.69 %
Solutions: 20.69 %
3. Robert purchased pencils for $ 150.As they have been of unhealthy high quality, he needed to promote them for $ 127. Discover his loss or acquire p.c.
Answer:
Price Value (CP) = $ 150,
Promoting Value (SP) = $ 127
Since SP < CP,
Due to this fact, Robert suffers a loss.
Loss = Price Value (CP) – Promoting Value (SP)
= 150 – 127
= $ 23
Due to this fact, loss % = (Loss/CP) × 100
= (23/150) × 100
= 15.33%
Solutions: 15.33 %
4. Jack purchased a pairs of blouse for $ 125 and bought them for $ 108. Discover his loss or acquire p.c.
Answer:
Price Value (CP) = $ 125,
Promoting Value (SP) = $ 108
Since SP < CP,
Due to this fact, Jack suffers a loss.
Loss = Price Value (CP) – Promoting Value (SP)
= 125 – 108
= $ 17
Due to this fact, loss % = (Loss/CP) × 100
= (17/125) × 100
= 13.6 %
Solutions: 13.6 %
Formulation of Revenue and Loss.
To search out Price Value or Promoting Value when Revenue or Loss is
given.
Worksheet on Revenue and Loss.
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