Quiz for the day !!

1. The total income through the tuition fees of a management school has two components - the first component is fixed and the second component varies directly with the number of students. The average tuition fee per student is Rs. 5 lakhs when there are 30 students and Rs. 6 lakhs when there are 20 … Continue reading Quiz for the day !!

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Topic 6 : Profit and Loss – Basic Concepts

Profit and Loss are the two most important concepts when dealing with transactions in any business. Let us try to dig deep into several concepts and formulas for solving problems in Profit and Loss world. Important Defintions: Selling Price (SP) = Price at which a product is sold Cost Price (CP) = Price at which … Continue reading Topic 6 : Profit and Loss – Basic Concepts