The concepts in Profit and Loss play a fundamental role in the realm of economics and accounting. The chapter will discuss the important aspects of profit and loss like cost price, and fixed, variable and semi-variable cost, selling price, marked price, list price, margin etc. Here we will see all these and many more sections, providing you with the most complete and the most concise collection of these concepts. Let us see!
- Cost Price
- Fixed, Variable and Semi-variable Cost
- Selling Price
- Marked Price
- List Price
- Margin
- Dishonest Dealers and Faulty Weights
- Percentage Loss
- Percentage Gain
- Discounts and Marked Price
- Equivalent Discount
- Equation-Based Questions
- Goods Passing Through Successive Hands
- True Discount
- Bankers Discount
- Profit and Loss Practice Questions