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# Calculation of GROSS LOSS

Loss on cost is 1/6 .waht will be the loss on sales?? Reetikaa R

CA Foundation

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17-Feb-21 21:54

29

How did u find .plss tell me

Another quick way of looking at it is: 1/6 loss on cost means, when 6 is cost price, 1 is loss. This implies 5 is Sales price (Cost + Profit). Hence, loss ratio on sales become 1/5 Sahibdeep Singh

Moderator

18-Feb-21 08:52

1/5 manasa preeshma

CA Inter

825

17-Feb-21 22:08

1/5

How did u find .plss tell me Reetikaa R

CA Foundation

4K+

17-Feb-21 22:18

How did u find .plss tell me

Selling price is below the cost price.thatz why it is a loss. manasa preeshma

CA Inter

825

17-Feb-21 23:32

As it is loss 1/6 must be reduced from cost price to get selling price.if it is profit we add profit ratio with selling price .as it is loss we deduct manasa preeshma

CA Inter

825

17-Feb-21 23:39

How did u find .plss tell me

simple logic selling price is 1 less denominator than cost if cost is 1/a then selling is 1/(a-1) here cost =1/6 then selling =1/(6-1)=1/5 Dhere M

CA Inter

5

18-Feb-21 08:49

Thank u both of u Reetikaa R

CA Foundation

4K+

18-Feb-21 10:21

Another quick way of looking at it is: 1/6 loss on cost means, when 6 is cost price, 1 is loss. This implies 5 is Sales price (Cost + Profit). Hence, loss ratio on sales become 1/5

Wow nice explanation sir! Meda Jeevansai

CA Foundation

11K+

18-Feb-21 14:15        ## Information

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