You visited us 1 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard XI

Economics

Calculating Profits

Calculate pro...

Question

Calculate profits in each of the following cases and match the answers.

-15

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

To calculate profits, we can use 2 formulae.
(a) (P - ATC) * Q
(b) TR - TC

(i) Profit = (P - ATC) * Q = -15
(ii) (P - ATC) * Q = 12
(iii) Profit = TR - TC = 9
(iv) Profit = TR - (ATC *Q) = 5

Suggest Corrections

Similar questions

Q. Match the profit/loss percentage in each of the below cases.

A, B

and

C

are partners sharing profit and losses in the ratio

5 : 4 : 1

. Calculate new profit sharing ratio, sacrificing ratio in each of the following cases :
Case

1. C

acquires

1 / 5 t h

share from

A

.
Case

2. C

acquires

1 / 5 t h

share from

A

and

B

Case

3. A, B

and

C

will share future profits and losses equally.
Case

4. C

acquires

1 / 10 t h

share of

A

and

1 / 2

share of

B

Calculate the profit or loss and profit or loss per cent in each of the following cases:
(i) C.P. $= R s . 4560$ , S.P. $= R s . 5000$
(ii) C.P. $= R s . 2600$ , S.P. $= R s . 2470$
(iii) C.P. $= R s . 332$ S.P. $= R s . 350$
(iv) C.P. $= R s . 1500$ , S.P. $= R s . 1500$

Q. A, B and C are partners sharing profits and losses in the ratio of 5 : 4 : 1. Calculate new profit-sharing ratio, sacrificing ratio and gaining ratio in each of the following cases:
Case 1. C acquires 1/5th share from A.
Case 2. C acquires 1/5th share equally form A and B.
Case 3. A, B and C will share future profits and losses equally.
Case 4. C acquires 1/10th share of A and 1/2 share of B.

Q. Match the following with the correct value of x in each of the below cases.

Join BYJU'S Learning Program

Calculate profits in each of the following cases and match the answers.

To calculate profits, we can use 2 formulae. (a) (P - ATC) * Q (b) TR - TC (i) Profit = (P - ATC) * Q = -15 (ii) (P - ATC) * Q = 12 (iii) Profit = TR - TC = 9 (iv) Profit = TR - (ATC *Q) = 5

To calculate profits, we can use 2 formulae.
(a) (P - ATC) * Q
(b) TR - TC

(i) Profit = (P - ATC) * Q = -15
(ii) (P - ATC) * Q = 12
(iii) Profit = TR - TC = 9
(iv) Profit = TR - (ATC *Q) = 5