When two articles are sold at same price but one of them at a profit and another at a loss and the percentage profit is the same as the percentage loss then there is always loss?

Equal \% profit & loss on the same cost price of 2 articles: If the cost price of two items are X, and one is sold at a loss of p \% and the other at a profit of p \%, then the two transactions have resulted in no loss or no gain.

What is the formula to find selling price if there is a loss?

CP = ( SP * 100 ) / ( 100 – percentage loss ).

What is the total loss or gain?

To find the net gain or loss, subtract the purchase price from the current price and divide the difference by the purchase prices of the asset. For example, if you buy a stock today for $50, and tomorrow the stock is worth $52, your percentage gain is 4\% ([$52 – $50] / $50).

Is the price at which articles are sold?

Selling price The price at which an article is sold is known as its selling price.

When selling price is less than cost price there is?

Loss
Loss: If the selling price (S.P.) of an article is less than the cost price (C.P) the difference between the cost price (C.P.) and selling price (S.P.) is called loss.

How do you find the sale price?

How to calculate discount and sale price?

1. Find the original price (for example $90 )
2. Get the the discount percentage (for example 20\% )
3. Calculate the savings: 20\% of $90 = $18.
4. Subtract the savings from the original price to get the sale price: $90 – $18 = $72.
5. You’re all set!

What does total loss basis mean?

Typically, a vehicle which is treated as a total loss (also known as a “write-off”) is when the the cost to repair the vehicle is higher than the actual cash value of the vehicle.

How does total loss work?

A total loss occurs when your car is damaged badly enough in a crash that it would cost more to repair the car than it would to replace it. A total loss also applies if your car is stolen, so long as you have comprehensive coverage.

What is the selling price?

The selling price is the amount a buyer pays for a product or service. The price can vary depending on how much buyers are willing to pay, how much the seller is willing to accept, and how competitive the price is in comparison to other businesses in the market.

When the selling price of an article is its cost price the article is said to be sold at profit *?

Profit If the selling price (S.P.) of an article is greater than the cost price (C.P.) the difference between the selling price and cost price is called profit. What is Selling Price (S.P.) The cost price of an article is 40\% of the selling price.

What happens if two articles are sold at the same price?

If two articles are sold at same price, one at a loss of R\% and another at a profit of R\%, there will always be a net loss of R^2/100. A man sells 2 articles at the same price. On one he makes a profit of 10\% and on the other he makes a loss of 10\%.

What will be the net profit if I sell two articles?

In this case let the selling price be 100 which is same for both articles. Then profit on 1st article would be 75\% on selling price (I.e., 100) which could come to 75 Loss on 2nd article would be 30\% on selling price (I.e., 100) which would come to 30 So overall net profit would be 45 (75–30) which is 22.5\% on selling price (45/200*100)

What is the cost price of 10 articles = selling price?

The cost price of 10 articles is equal to the selling price of 9 articles. Find the profit percent. We know that the cost price of 10 article = selling price of 9 article 5. A retailer buys a radio for Rs 225. His overhead expenses are Rs 15. If he sells the radio for Rs 300, determine his profit percent.

What is the profit and loss of selling price at 75\%?

So, there is no loss or profit. Let the cost price of both articles be ₹100. One sold at 75\% profit means ₹175 as selling price. Other loss at 30\% means ₹70 as selling price. ₹245 is overall selling price, ₹200 is the cost price. So ₹45 is the profit.

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