Oak View, California. Homefacts City Report. Oak View is located in Ventura County, CA. The population is 4,337. There are 1 public schools in Oak View with an average Homefacts rating of B-. The total crime rate for Oak View is very low, and there are 9 registered sex offenders residing in the city.
If you do not declare the loss and start making profits several years later and then declare the profit, you will lose out on being able to offset the losses against the profits and hence will pay more tax.f you do not declare the loss and start making profits several years later and then declare the profit, you will lose out on being able to offset the losses against the profits and hence will pay more tax.
Now we will apply the concept of percentage to find profit/loss in selling and buying of goods in our day to day life. Cost price (CP) The amount for which an article is bought is called its cost price. Selling price (SP) The amount for which an article is sold is called its selling price. Profit or gain When (SP) > (CP) then there is a gain. Gain = (SP) - (CP) Loss When (SP) < (CP) then there is a loss. Loss = (CP) - (SP). Notes: The gain or loss is always reckoned on the cost price. Calculating Profit Percent and Loss Percent.