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Old Monday, September 08, 2014
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Quote:
Originally Posted by Sumairs View Post
Assume if the price of a good is 100 and he had 10% profit & loss on selling it. In 10% profit, he would have sold it in 110 and having 10% loss, he would have sold it at 90. Hence there would b no loss & gain.

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The buying prize was not 100
The buying prize had to be found
The buying prize for both the products was not identical as you have assumed that both products was bought at same prize. No.
We had to go backward from selling prize to buying prize. Not from buying to selling.
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