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#1 2006-03-02 19:44:56
- ganesh
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Interest, Profit and Loss
IPL # 1
A machine is sold at a profit of 10%. Had it been sold for $40 less, a loss of 10% would have been incurred. What is the Cost Price of the machine?
Character is who you are when no one is looking.
#2 2006-03-03 09:31:39
- ashwil
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Re: Interest, Profit and Loss
Depends on your method of calculating profit margin. Most sales organisations calculate on selling price, not on cost price. Hence,
#3 2006-03-03 15:52:08
- ganesh
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Re: Interest, Profit and Loss
Correct, ashwil.
I had the obvious answer in my mind.
Character is who you are when no one is looking.
#4 2006-03-03 16:57:14
- ganesh
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Re: Interest, Profit and Loss
IPL # 2
How long will it take for a sum of money to grow from $1250 to $10,000, if it is invested at 12.5% p.a simple interest?
Character is who you are when no one is looking.
#5 2006-03-03 20:02:38
- ganesh
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Re: Interest, Profit and Loss
IPL # 3
If the compound intrerest on a certain sum for 2 years at 10% per annum compounded annually is $ 2,100, what will be the simple interest on it at the same rate for 2 years?
Character is who you are when no one is looking.
#6 2006-03-11 16:45:11
- ganesh
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Re: Interest, Profit and Loss
IPL # 4
A man buys 5 horses and 10 cows for $ 1,600. He sells horses at a profit of 15% and cows at a loss of 10%. If his total profit was $90, what was the cost price of a horse and a cow?
Character is who you are when no one is looking.
#7 2008-10-12 23:32:14
- All_Is_Number
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Re: Interest, Profit and Loss
ganesh wrote:
IPL # 2
How long will it take for a sum of money to grow from $1250 to $10,000, if it is invested at 12.5% p.a simple interest?
You can shear a sheep many times but skin him only once.
#8 2008-10-12 23:38:38
- All_Is_Number
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Re: Interest, Profit and Loss
ganesh wrote:
IPL # 3
If the compound intrerest on a certain sum for 2 years at 10% per annum compounded annually is $ 2,100, what will be the simple interest on it at the same rate for 2 years?
You can shear a sheep many times but skin him only once.
#9 2008-10-12 23:52:45
- All_Is_Number
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Re: Interest, Profit and Loss
ganesh wrote:
IPL # 4
A man buys 5 horses and 10 cows for $ 1,600. He sells horses at a profit of 15% and cows at a loss of 10%. If his total profit was $90, what was the cost price of a horse and a cow?
You can shear a sheep many times but skin him only once.