Profit & Loss
Profit & Loss is one of the most important arithmetic topics in aptitude exams, Loksewa, banking examinations, IQ tests, and competitive placements. Questions are commonly based on cost price, selling price, discounts, marked price, and percentage calculations.
In this section, you will learn formulas, shortcuts, solved examples, practical applications, and practice questions designed to improve your calculation speed and problem-solving skills.
Practice Sets
Cost Price & Selling Price
Practice and master cost price & selling price concepts
Profit Percentage
Practice and master profit percentage concepts
Loss Percentage
Practice and master loss percentage concepts
Discount
Practice and master discount concepts
Marked Price
Practice and master marked price concepts
Successive Discounts
Practice and master successive discounts concepts
Partnership Applications
Practice and master partnership applications concepts
Mixed Practice
Practice and master mixed practice concepts
Important Profit & Loss Concepts
Quick Tricks for Profit & Loss
Master profit and loss problems with these proven shortcuts:
- →Profit = Selling Price − Cost Price
- →Loss = Cost Price − Selling Price
- →Profit % = (Profit ÷ Cost Price) × 100
- →Loss % = (Loss ÷ Cost Price) × 100
- →Discount = Marked Price − Selling Price
- →Discount % = (Discount ÷ Marked Price) × 100
- →Use multiplier method for successive discounts
- →Always identify whether percentage is based on CP or MP
- →Convert percentages to fractions for faster calculations
Frequently Asked Questions
What is Cost Price (CP)?
Cost Price is the price at which an item is purchased by the seller.
What is Selling Price (SP)?
Selling Price is the price at which an item is sold to the customer.
How do you calculate profit percentage?
Profit Percentage = (Profit ÷ Cost Price) × 100.
How do you calculate loss percentage?
Loss Percentage = (Loss ÷ Cost Price) × 100.
What is Marked Price?
Marked Price is the price printed on an item before any discount is offered.
How are successive discounts calculated?
Successive discounts are applied one after another. The equivalent discount is calculated using the multiplier method rather than simple addition.
Why is Profit & Loss important in aptitude exams?
Profit & Loss questions frequently appear in Loksewa, banking, SSC, railway, and placement examinations because they test arithmetic and business calculation skills.
Related Topics
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Practice cost price, selling price, profit percentage, discounts, marked price, and partnership-based questions through comprehensive practice sets.
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