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- Ratio & Proportion #1
- Ratio & Proportion #2
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- Profit and Loss Part #1
- Profit and Loss Part #2
- Clock Problem [Practice Problems]
- Clock Problem [Practice Problems]
- Alligation and Mixture Part #1
- Alligation and Mixture Part #2
- 📌 Practice Problems [Quiz] – Alligation and Mixtures
- Alligation and Mixtures [Handmade Notes]
- Ratio & Proportion #1
- Ratio & Proportion #2
- Ratio & Proportion #3
- Ratio & Proportion #4
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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