Profit & Loss ( Aptitude )

Basically these are arithmetical concepts in which we study what we gain or loss in a business transaction.

 

When we call the term 'business' that means we have a cost price ( CP ) and Selling price ( SP ).

If selling price is greater than cost price we earn profit and if incur loss if sold price is smaller than cost price.

Profit = Selling price - Cost price

Profit percentage = ( profit / CP )  x 100

Loss = Cost price - Selling price

Loss percentage = ( loss / CP ) x 100

MP : Marked Price, also referred to as labeled price.

Discount is the reduction offered on the marked price.

e.g. if discount is 5% then selling price should be [ ( 100 - 5 ) / 100 ] x MP

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