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#1 2006-03-01 20:44:56
- ganesh
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- Registered: 2005-06-28
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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?
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
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- Registered: 2006-02-27
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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,
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#3 2006-03-02 16:52:08
- ganesh
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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
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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?
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
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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?
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
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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?
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
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- Registered: 2006-07-10
- Posts: 258
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?
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
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- Registered: 2006-07-10
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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?
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
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- Registered: 2006-07-10
- Posts: 258
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?
You can shear a sheep many times but skin him only once.
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