Calculation of GROSS LOSS

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

Answers (8)

Best Answer

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

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