# Profit And Loss Quantitative Aptitude Interview Questions and Answers Part 1

## Above video will provide solutions for below questions

## 1.Profit And Loss Important Facts:

- Cost Price.
- Selling Price.
- Profit or Gain.
- Loss.

## 2.Cost Price:

The price, at which an article is purchased, is called its cost price, abbreviated as C.P.

## 3.Selling Price:

The price, at which an article is sold, is called its selling prices, abbreviated as S.P.

## 4.Profit or Gain:

If Selling price is greater than cost price, the seller is said to have a profit or gain.

## 5.Loss:

If Selling price is less than cost price, the seller is said to have incurred a loss.