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Calculation of GROSS LOSS

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

Reetikaa R

CA Final

★ 7K+

17-Feb-21 21:54

2K+

Answers (8)

Best Answer

Thread Starter

Reetikaa R

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

CA Inter

★ 14K+

18-Feb-21 08:52

1/5

manasa preeshma

CA Inter

★ 2K+

17-Feb-21 22:08

manasa preeshma

1/5

How did u find .plss tell me

Thread Starter

Reetikaa R

CA Final

★ 7K+

17-Feb-21 22:18

Thread Starter

Reetikaa R

How did u find .plss tell me

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

manasa preeshma

CA Inter

★ 2K+

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

★ 2K+

17-Feb-21 23:39

Thread Starter

Reetikaa R

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 Final

★ 4K+

18-Feb-21 08:49

Thank u both of u

Thread Starter

Reetikaa R

CA Final

★ 7K+

18-Feb-21 10:21

Sahibdeep Singh

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 Final

★ 21K+

18-Feb-21 14:15