Question

प्रदीप एंड सुधीर पार्टनर्स शेयरिंग प्रॉफिट्स एंड लॉसेस इन द रेश्यो ऑफ 503 एग्री टू कुणाल ऑन जनवरी ​

Answer 1

Calculation of interest on capital Note:

Date of additional capital introduced by Sudhir is not given. Interest on additional capital is calculated for an average period of 6 months.

Mudit's commission = 6% of divisible profit. Divisible profit = net profit - interest on capital - salary - commission to uday = 1,00,000 - 17,000 - 18,000 - 12,000 = 53,000 Mudit's commission = 53,000 × (6÷106) = 3000 (Note: since, after charging commission,

Rate ____________ Rate + 100)

Answer 2

Profit percentage formula: The profit percent can be calculated as Profit % = 100 × Profit/Cost Price. Percentage Loss: The loss percent can be calculated as; Loss % = 100 × Loss/Cost Price.

Profit and loss percentage are used to refer to the amount of profit or loss that has been incurred in terms of percentage. It should be noted that the percentage is one of the methods for comparing two quantities. Daily we come across a variety of situations where we calculate or compare things in “per cent”. Most common ones are the situations related to buying and selling of items. While the sale of a good, one can either gain a profit or bear a loss, which is generally calculated in terms of percentage.

Profit and Loss Percentage Formulas

Before we go through profit and loss per cent, we need to make ourselves familiar with few terminologies, that are generally used in sales/purchasing of goods.

Cost Price (CP)

Cost price is the price at which we have purchased an item. This is abbreviated as CP.

Selling Price (SP)

Selling price is the price at which we sell an item; in short, it is written as SP.

During the purchase and sale of an item, depending upon the CP or SP, it can be either profit or loss for the seller.

Profit

When the Selling Price of an item is more than the Cost Price of the same item, then this is the condition of profit for the seller.