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Alligations and Mixtures
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Train Problems
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Ages Problems
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Average
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Boats and Streams
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Calender Problems
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Chain Rule
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Clock Problems
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HCF and LCM
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Percentage
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Permutation and Combination
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Pipes and Cistern
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Probability
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Profit and Loss
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Ratio and Proportion
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Simple Interest and Compound Interest
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Time and Work
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Verbal Reasoning
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Verbal Ability Notes
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[Reasoning] Blood Relations
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[Reasoning] Number Series
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[Reasoning] Seating Arrangement
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[Reasoning] Directions
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[Reasoning] Syllogism
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[Reasoning] Venn Diagram
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[Reasoning] Paper Folding & Cutting
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[Reasoning] Mathematical Operations
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[Reasoning] Statement & Conclusion
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[Reasoning] Word Pattern
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[Reasoning] Data Sufficiency
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[Reasoning] Visual Reasoning
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[Reasoning] Coding Decoding
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[Reasoning] Cubes
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Number System
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Arithmetic Progression & Geometric Progression
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True discount
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Statement and Assumption
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Partnership
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Data Interpretation
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Decimal and Fraction
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Divisibility
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Simplification
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Perimeter
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Mean Median Mode
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Equation
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Geometry
Profit and Loss Part #1
Profit and Loss Part #1
Profit and Loss is one of the most important topics for government sector Aptitude and entrance exams. The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a fiscal quarter or year. These records provide information about a company’s ability or inability to generate profit by increasing revenue, reducing costs, or both. For example, for a shopkeeper, if the value of selling price is more than the cost price of a commodity, then it is a profit and if the cost price is more than the selling price, it becomes a loss.
Profit or Gain = Selling price (SP) – Cost price (CP) Loss – If the selling price is less than the cost price, the difference between them is the loss incurred. Loss = Cost price (CP) – Selling price (SP) Gain on Rs. 100 is Gain Percent.
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7 Comments
Hmm it would be nice to represent the CP and SP in the ratio Q as 4x and 6x instead of 4 and 6 directly.
Ans is Loss% = 25%
correct answer
25
Loss%=25%
Answer is Loss% = 25%
25%