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Descripción: Abacus
mte 3109Full description
Droit Commercial S4
commercial law cases
Cours de droit commercial L3 droitDescription complète
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Droit CommercialDescription complète
Mike Holt Ampacity
Full description
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Commercial Arithmetic
v6 .0
Basic Definitions
Percentage
LT
int er
Pr
Profit and Loss
Profit = Selling Price (S.P) – Cost Price (C.P)
Loss = Cost Price (C.P) – Selling Price (S.P)
Selling Price = Cost Price + Profit
Selling Price = Cost Price - Loss
Cost Price = Selling Price – Profit
Cost Price = Selling Price + Loss
Profit (in percent) =
Loss (in percent) =
Selling Price = Cost Price + x% of Cost Price,
Cost Price = Selling Price x
Selling Price = Cost Price - x% of Cost Price,
Cost Price = Selling Price x
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x 100 =
x 100 =
",
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",
,
x100
x100 if Profit is x%.
if Profit is x%.
,
if Loss is x%.
if Loss is x%.
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Discount = Marked Price – Actual Selling Price
Discount in Percent = Marked Price –
Actual Selling Price = Marked Price – Discount
( $
x 100
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x Marked Price
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= Marked Price -
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v6 .0
Discount and Market Price
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Marked Price =
Successive (2nd) discount is calculated on the balance after deduction of the first discount from the marked price and so on.
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Pr
( $
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Simple Interest (S.I) =
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Simple Interest
= PNi, where P is the Principal, N is the Period *
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in years and R% is the rate of interest for 1 year. = interest for unit principal for one year
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Amount (A) = Principal + Interest
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Interest = Amount - Principal
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*
v6 .0
Compound Interest (C.I) )
•
Compound Interest (C.I) = , " - , where P is the Principal, N is the Period in years and R% is the rate percent annually.
•
Amount, A = ,
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Principal = Amount – Compound Interest
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Difference between C.I and S.I for 2 years =
•
Difference between C.I and S.I for 3 years = . / , "
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Recurring Deposit (R.D)
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, where N =
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P be the Monthly Instalments, R % be the rate of Interest and ‘n’ be the number of monthly instalments.
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Total Interest =
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Recurring Deposit is a special type of deposit in which a person deposits a fixed sum every month over a period of years and receives a large sum at the end of the specified number of years. Since the deposit is made month after month, it is called Recurring Deposit. Recurring Deposits are also known as Cumulative Term Deposits. The amount deposited every month is called the Monthly Deposit.
Cr
Amount Due = Amount Deposited + Total Interest
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v6 .0
Fixed Deposit
Short Term Deposits Long Term Deposits
int er
LT
Fixed Deposit are deposits for a fixed period of time and the depositor can withdraw his money only after the expiry of the fixed period. It is also known as Term Deposits. However, in the case of necessity, the depositor can get his fixed deposit terminated earlier to get a loan from the bank under terms laid down by the bank. There are two types of fixed deposits, namely
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Short Term Fixed Deposits are accepted by the banks for a short period ranging from 46 days to one year. The interest paid on this deposit is Simple Interest.
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Half Yearly Interest =
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Quarterly Interest =
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Long Term Fixed Deposits are accepted by the banks for a period of one year or more. The interest paid on this type of deposit is Compound Interest.
