Answer Posted / kent mikulsky

All the above answers are so terribly wrong if not confusing
to the average person. First, gain and profit are totally
different. The formulae are quite simple! Gain is what you
have left over after you sell something when compared to the
cost price. Profit is what you have left over after you sell
something when compared to the selling price. Example of
Gain: I pay $1.00 for something and sell it for $3.00. The
gain is $2.00. HOWEVER, when expressed as a percentage, the
gain ($2.00) is 200% of the cost. That is, 2 is twice the
value of 1 or 200% !!! GAIN is always a comparison against
cost!! Example of profit: I pay $1.00 for something and sell
it for $3.00. The profit is still $2.00. HOWEVER, when
expressed as a percentage, the profit ($2.00)is 66.67% (2/3)
of the selling price. PROFIT is always a comparison against
the selling price. SUMMARY: Gain will always be greater than
100% and profit will always be less than 100% !!!!!! You
know these things when you're a Polish business man.

What is RBI's role in developing the Indian Economy?

664

---

Tell something about RBI and its functioning in brief?

590

---

What is the current CRR and SLR?

636

---

What is the deportment of RBI monetary policy?

648

---

Which scheme is now merged with National Food for Work scheme?

663

---

---

Who is co-operative bank regulator?

657

---

In which year national housing bank (nhb) started its operation?

643

---

How can Indian Economy be developed?

688

---

What is lease financing?

671

---

What are the different types of expenditures used in accounting?

578

---

Recently what award has been given to SBI?

718

---

How do credit card companies/ banks make money? What is the main source of making money?

617

---

Tell about the fixed deposits?

629

---

What Is Iloc (irrevocable Letter Of Credit)?

667

---

I completed MBA finance in the year 2000-2002 fromAndhrauniversity. Now i want to do Mphil and phd . I secured 58% what is the Procedure.please suggest me

1141

---