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.

Gain or loss Percentage

6.Gain Formula:

profit formula

7.Loss Formula:

loss formula

8.Vijay bought a laptop for $8,000 and spent $500 on its spares. He later sold it for $9,500. Find his gain or loss percentage?


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