Most Important Questions on Profit and Loss for SSC CGL Tier 2:
Profit and loss is an important topic of Quantitative Aptitude section.These formulas and shortcuts will be helpful for your upcoming Exams like SSC CGL, CHSL & MTS 2017 Exams. If you like it let us know.
Cost Price is the price at which an article is purchased, abbreviated as C.P.
Selling Price is the price at which an article is sold, abbreviated as S.P.
If the Selling Price exceeds the Cost Price, then there is Profit.
Profit or gain = SP – CP
Profit % = Profit/(C P)×100
S P = (100+gain % )/100 ×C P
C P = 100/(100+gain %)×S P
If the overall Cost Price exceeds the selling price of the buyer then he is said to have incurred loss.
Loss = C P – S P
Loss % = LOSS/(C P)×100
S P = (100-loss %)/100×C P
C P = 100/(100-loss %)×S P
Most Important Questions on Profit and Loss for SSC CGL Tier 2