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#1 2006-03-01 20:44:56

ganesh
Moderator
Registered: 2005-06-28
Posts: 21,730

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?

It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#2 2006-03-02 10:31:39

ashwil
Member
Registered: 2006-02-27
Posts: 121

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,

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#3 2006-03-02 16:52:08

ganesh
Moderator
Registered: 2005-06-28
Posts: 21,730

Re: Interest, Profit and Loss

Correct, ashwil.
I had the obvious answer in my mind.

It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#4 2006-03-02 17:57:14

ganesh
Moderator
Registered: 2005-06-28
Posts: 21,730

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?

It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#5 2006-03-02 21:02:38

ganesh
Moderator
Registered: 2005-06-28
Posts: 21,730

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?

It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#6 2006-03-10 17:45:11

ganesh
Moderator
Registered: 2005-06-28
Posts: 21,730

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?

It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#7 2008-10-12 00:32:14

All_Is_Number
Member
Registered: 2006-07-10
Posts: 258

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.

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#8 2008-10-12 00:38:38

All_Is_Number
Member
Registered: 2006-07-10
Posts: 258

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.

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#9 2008-10-12 00:52:45

All_Is_Number
Member
Registered: 2006-07-10
Posts: 258

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.

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