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Profit & Loss Flashcards
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Formula
Two items same SP, one at x% profit, other at x% loss ā ALWAYS a loss of xĀ²/100 %...?
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Answer
Two items same SP, one at x% profit, other at x% loss ā ALWAYS a loss of xĀ²/100 %.
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Formula
Discount = ?
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Answer
D% = [(MP - SP) / MP] Ć 100. SP = MP Ć (1 - D/100).
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Formula
Multiplying factor = ?
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Answer
20% profit ā multiply by 1.2. 15% loss ā multiply by 0.85. Quick calculation!
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