Recent content by tahir1

It's a garments retail business. Products are bought at wholesale price and sold at retail price. For example, a product price is 200 (wholesale), markup is 30% so its sold on 260. Terminology "Net sale" refers here to 200. Total sale means 260 and 60 is considered profit. We are not taking...

Hi, It's a real life math question and this seems the best place to ask. Me and my friend started a business together on 50% partnership bases. (cost divided by both and profit shared by both). My friend was lacking some money, so I added additional amount to cover his share. It's a garments...