Profit and Loss

Profit and Loss

Storyboard Text

  • WOW! Thats great.Can you tell me how you made such a huge profit.
  • OH SURE!
  • I purchased this house 2 years back for Rs. 83 lakhs 
  • That means you made a profit of 13 lakhs as profit is equal to selling price minus cost price
  • Thats right Rohit but I have also added overhead expenses to the cost price
  • OVERHEAD EXPENSES?What is that??
  • Rohit overhead expenses means all the extra charges which we have to add to the cost price and that becomes the actual cost price
  • The original C.P of the house was Rs. 83 lakhs. painting charges was 72,000 and I spent 78,000 for other repairing work of the house
  • So the total overhead charges would be 78,000+72,000=1,50,000
  • SO my actual CP would be 83,00,000 + 1,50,000 = 84,50,000
  • so now what would be my profit
  • I got it! So your profit will be S.P - actual C.P Which is 95,00,000 - 84,50,000 which gives you 10,50,000 profit
  • Yes your right! c'mon lets go inside and watch a movie
  • OKAY! That sounds great
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