Profit And Loss Concept In Aptitude For Competitive Exams

Profit And Loss Concept And Problems For Competitive Exams Like CAT, SSC, IBPS Bank PO, IAS, Gate, Company Campus Exams And Other Government Exams.

First Of All We Take Basic Terminologies For The Profit And Loss Topic:
1.Selling Price(SP): The Price On Which Object Would Be Sold, Is Called Selling Price.We Will Represent Selling Price As SP.
2.Cost Price(CP): The Price On Which, Object Is Purchased, Would Be Called Cost Price.We Will Represent Cost Price As CP.
3.Profit(P): When Any Person Sold A Particular object Greater Amout Than He Purchased Then He Got Profit(P).Profit Is Denoted As P.
4.Loss(L): when Any Person Sold Object Smaller Price Than He Purchased Then That Person Got Loss Definitely.
5.Marked Price(MP): The Price Mentioned On The Object Is Called Marked Price. List Price Is Treated As Its Synonym.
6.Discount: It Is The Reduction On Marked Price Provided By The Seller To The Customer.It Is Write As d.
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Important Formulas On Profit And Loss:

• Profit(P) = Selling Price – Cost Price = SP – CP
• Profit Percentage = [(Profit)/Cost Price]*100
• Selling Price(SP) In Profit = [(100+Profit Percent)/100]*Cost Price(CP)
• Loss(L) = Cost Price(CP) – Selling Price(SP) = CP -SP
• Loss Percentage = [(Loss)/(Cost Price)]*100
• Selling Price(SP) In Loss = [(100-Loss Percent)/100]*Cost Price(CP)
• Discount(d) Percentage = d% = (Discount/ Marker Price)*100
• Selling Price(SP) = [(100-d%)]/100*MP

Quantities aptitude questions given here are extremely useful for all kind of competitive exams like Common Aptitude Test (CAT),MAT, GMAT, IBPS 

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