Activity › Discussion › Math › Profit and loss › Reply To: Profit and loss
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Total no. Of products that is bought by store = 2000
Price of one product= 10 rs
Then the total cost of all products will be = 2000*10 = 20000
Now-
Store sold 100 products at 15rs –
Then earn = 100*15 = 1500
And
Sold 20 products at 20rs –
Then earn = 20*20 = 400
Total earning = 1500 + 400 = 1900
We know –
loss/profit = total revenue – total cost
Loss/profit = 1900 – 20000= -18100
Mean store are in loss with ( – 18100) rs…
Then
Percentage of loss = ( loss/toal cost)*100
Percentage of loss = (-18100/20000) = -90.5
Then Total percentage of loss will be -90.5