Profit and Loss Formula For Bank Exams: Download PDF
May 16 2023
Profit and Loss Formula PDF Download: Profit and loss formula pdf for bank exam pdf is available here. In this profit and loss formula for bank exam article, you can learn various things in the exam point of view.. Aspirants who are sincerely preparing for their upcoming bank exams and other competitive exams can utilize this profit and loss formula pdf download. Profit and loss formula and tricks are helpful to crack quantitative aptitude section of the bank exams. In most of the bank exams like sbi clerk, sbi po, ibps clerk, ibps po, rrb po, rrb clerk and other insurance exams, formula for profit and loss percentage plays a major role. This profit and loss formula for bank exam will help you to make your calculations easier. So, make the best use of our profit and loss formula pdf download. Through continuous practice, you can be proficient with th formula of profit loss and discount. The profit and loss formula and tricks pdf gives you speed in calculation. also, you can maintain accuracy by using our formula for profit and loss percentage pdf. Thus, the formula of profit loss and discount helps to scores maximum marks in the bank exams. So, practice daily with profit and loss formula pdf for bank exams.
In this profit and loss formula for bank exams article, we have briefly explained about the definition of profit and loss, the various profit and loss formula for bank exams, profit and loss formula with examples, formula for profit and loss percentage and formula of profit loss and discount. Aspirants shall make use of the profit and loss formula for bank exams article or download the profit and loss formula pdf for bank exams to solve more types of questions with speed and accuracy and to be familiar with the formula for profit and loss percentage, formula of profit loss and discount and profit and loss formula for bank exams.
Profit and Loss Formula PDF For Bank Exams
The profit and loss formula pdf for bank exams is attached in this profit and loss formula for bank exams article. This profit and loss formula pdf contains profit and loss formula, formula for profit and loss percentage, formula of profit loss and discount and more. Candidates can utilize this profit and loss formula pdf for bank exams to make their calculations more simpler with speed and accuracy while solving the profit and loss questions with the profit and loss formula and formula for profit and loss percentage. Download this profit and loss formula to your future reference.
Download profit and loss formula pdf for bank exams
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What are Profit and Loss?
The detailed explanation of profit and loss is provided in this profit and loss formula for bank exams post. Profit is the difference of amount when a person sells a product at a higher rate than the cost price. Loss is the difference of amount when a person sells a product lesser than the cost price. The detailed clarifications about the profit and loss concept, formula for profit and loss percentage and formula of profit loss and discount is added in the profit and loss formula pdf for bank exams.
Profit:- When a person sells a product at a higher rate than the cost price is called profit.
Profit = Selling Price - Cost Price
Loss:- When a person sells a product lesser than the cost price is called loss.
Loss = Cost Price - Selling Price
Profit and Loss Basic Concepts
The basic concepts of the profit and loss is provided in this profit and loss formula for bank exams article. Aspirants who are going to attempt the bank exams in future must know some basic concepts of the profit and loss. You can go through this profit and loss formula for bank exams article or download the profit and loss formula pdf for bank exams to know more concepts about the profit and loss, formula for profit and loss percentage and formula of profit loss and discount.
Cost Price (CP): A person purchased a product at some price is called the cost price. For example Arun purchased a pen at 50 rs. Here 50 rs is a cost price. Cost Price is denoted by CP
Selling Price (SP): The amount for which the product is sold is called the Selling Price. It is usually denoted as SP. Also, sometimes called a sale price.
Marked Price (MP): The price which is marked on product or commodity is known as marked price. It is also known as tag price. If there is no discount on a particular product or commodity the selling price is equal to the marked price.
Mark up: The cost price is increased to reach the market price is called the mark up.
Mark up = Market Price - Cost Price.
Discount: The reduction of amount offered by a merchant on a marked price is called discount.
Successive Discount: if a product or commodity is sold at two discounts then it is said that it is sold after two successive discounts.
Dishonest Dealing: In this dishonest dealing a person sells a product at the wrong weight and earns a profit. Dishonest dealing can be either false weight or false reading.
- A shopkeeper insists to sell a wheat flour at a cost price but uses a false weight of 900 gm instead of 1000gm
Profit and Loss Formula For Bank Exams
Here you will get to know sbout the profit and loss formula, formula for profit and loss percentage, formula of profit loss and discount and more. The profit and loss formula for bank exams is added in this profit and loss formula for bank exams article. Candidates shall exploit the profit and loss formula pdf for bank exams to know more profit and loss formulas such as formula for profit and loss percentage, formula of profit loss and discount, cost price, selling price etc.,
- Profit or gain = Selling price – Cost Price
- Loss = Cost Price – Selling Price
- Selling Price for profit = SP = ( ( 100 + Profit % ) / 100 ) X CP
- Selling Price for loss = SP = ( ( 100 - Loss % ) / 100 ) X CP
- Cost Price for Profit CP = ( 100 / ( 100 + Profit % ) ) X SP
- Cost Price for Loss CP = ( 100 / ( 100 - Loss % ) X SP
- Discount D = Marked Price (MP) - Selling Price (SP)
- Formula for Profit Percentage % = ( Profit / Cost Price ) X 100
- Formula for Loss Percentage % = ( Loss / Cost Price ) X 100
- Formula of Discount Percentage % = ( Discount / Marked Price ) X 100
- Mark up % = ( Mark up / Cost Price ) X 100
- For false weight, the profit percentage can be calculated by the formula,
Gain % = ( Error / True Value - Error ) X 100 %
Practice profit and loss questions - Free pdf
Profit and Loss Formula With Examples
Here we have given some profit and loss formula with examples by using the profit and loss formula, formula for profit and loss percentage and formula of profit loss and discount for bank exams. Aspirants can make use of these profit and loss formula with examples by solving various types of profit and loss questions by using the profit and loss formula for bank exams. Download the profit and loss formula pdf for bank exams for your future reference.
Example 1: A woman buys a watch for Rs. 1000 and sells it at a loss of 15%. What is the selling price of the watch?
Solution: Cost Price of the watch is Rs.1000
Loss percentage is 15%
As we know, Loss percentage = (Loss/Cost Price) x 100
15 = (Loss/1000) x 100
Therefore, Loss = 150 Rs.
As we know,
Loss = Cost Price – Selling Price
So, Selling Price = Cost Price – Loss
= 1000 – 150
Selling Price of the watch = R.850/-
Example 2: A man bought a fan for $720 and sold it at a loss of 6%. For how much did he sell it?
Solution: Given, CP = $720 and Loss = 6%; Using the profit and loss formulas, we will calculate the selling price of the fan.
If loss is 6%, it means that if the cost price is $100, the loss incurred is $6.
If CP is $100, SP = $94
If CP is $720, SP = (94/100) × 720 = $676.8
∴ The price for which a man sold the fan (Selling price) = $676.8
We hope that this profit and loss formula will be useful for your upcoming bank exams and other competitive exams. By utilizing this profit and loss formula article, you will get to know about the various profit and loss formula, formula for pofit and loss percentage, formula of profit loss and discount and profit and loss fomula with examples to your reference. Keep in touch with our guidely team to achieve victory in the future competitive examinations.
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Profit and Loss Formula For Bank Exams FAQs
Q. What is the formula to find the selling price?
A. Selling Price for profit = SP = ( ( 100 + Profit % ) / 100 ) X CP
Selling Price for loss = SP = ( ( 100 - Loss % ) / 100 ) X CP
Q. What is the formula to find discount percentage?
A. Discount Percentage % = ( Discount / Marked Price ) X 100
Q. What is the formula for Mark up %?
A. Mark up % = ( Mark up / Cost Price ) X 100
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