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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
Moderator

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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
Moderator

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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
Moderator

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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
Moderator

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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.