Problem Based on profit and loss is play most important role any government or non government competitive exam.But manage time in competitive exam is very difficult task so jobsdukaan try to provide some Important Shortcut Trick Video on Problem based on profit and loss.
Why Need Shortcut Trick for problems on profit and loss
- To understand Concept in easy way.
- Solve problems faster than other competitor.
- Keep track of the time or time saving.
- To gain high score in competitive exam
Visitor are requested to Watch Shortcut tricks Video carefully. this video will help you to understand Shortcut trick on problem based on profit and loss
What is profit and loss
when we purchase some item and then sell it we make profit or loss some time it depends on the cost price and selling price of an particular item. This type of problem are given in Quantitative Aptitude which is a very essential paper in banking exam.
Important Factors in Profit and Loss
- C P ( Cost Price ): The Price at which an particular item or article is purchased, is called its cost price or In short called C P. Cost price is amount of money goes out from us when purchase any article or any particular item.
- SP ( Selling Price ):The price at which an particular item or article is sold, called its selling price or In short called SP.Selling Price is a amount of money came in when selling by any thing.
- Profit or Gain: If S.P ( Selling Price ) of an item is more than C.P ( Cost Price ), then vendor is said to have a profit or gain.
- Loss: If S.P ( Selling Price ) of an item is less than C.P ( Cost Price ), the vendor said to have a loss.
- Marked Price :When we purchase any item we saw the label on it as price or marked Price and that is said to be MP ( Marked Price ).
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