Quantitative Aptitude Test #7 | Profit and Loss | Type-1

Profit and Loss is a part of the Quantitative Aptitude section. Candidates are you seeking to practice the multiple choice questions based on this Profit and Loss topic often make an appearance in the exams.

Profit and Loss Formulae

1. Gain = (S.P.) - (C.P.)

2. Loss = (C.P.) - (S.P.)

3. Loss or gain is always reckoned on C.P.

4. Gain Percentage = Gain x 100/C.P

5. Loss Percentage = Loss x 100/C.P

6. Selling Price = (100 + Gain %)x C.P/100

7. Selling Price = (100 - Loss %)x C.P/100

8. Cost Price = 100x S.P/(100 + Gain %)

9. Cost Price = 100x S.P/(100 - Loss %)