The Quantitative Aptitude in exams like SSC CPO, SSC CGL, RRB ALP, RRC Group D or any other, have questions related to commercial mathematics in them. Often, such questions are related to Profit & Loss, these questions are not really tough but pose a lot of problem if the concepts or the Profit and Loss formulas are not well understood. Keeping that in view, we have complied all the concepts that will help you solve Profit and Loss questions in this article. Go through the article to fearlessly handle such questions in the upcoming exams.
Cost Price (CP) – The price at which an article is purchased.
Marked Price (MP) – The price printed on an article.
Selling Price (SP) – The price at which an article is sold.
Here numerator = 5-1 and Denominator = 5, we did subtraction as there is a decrease in price.
Suppose Cost Price of an item is Rs. 500. Shopkeeper markes the price and then gave a discount of 20% and 25% respectively.
Similarly we can determine the net effect following the same method in multiple discount or multiple mark-up problems.
Now, that you have gone through all the concepts you require to solve Profit and Loss questions, take a look at the questions below.
Q6 If the product is sold at Rs 80 then the profit would be same as loss if the product is sold Rs 60. The find the profit percentage if the product is sold at Rs 140.
Let the whole distance be ‘x’ km.
Now that you have learned the ways in which you can Solve Profit and Loss questions, also, read some more articles in order to increase your efficiency to solve Quantitative section.
Practice is the key to success when it comes to competitive exams. Therefore, boost your preparation by starting your practice now.