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Tips on cracking Aptitude Questions on Profit and Loss

Tips on cracking Aptitude Questions on Profit and Loss [ https://learningpundits.com/module-view/44-profit-and-loss/2-self-assessment-quiz-on-profit-and-loss/ ].<br><br> LearningPundits helps Job Seekers make great CVs [ https://learningpundits.com/module-view/1-cv-preparation-for-freshers/1-cv-writing-tips-for-freshers/ ] , master English Grammar and Vocabulary [ https://learningpundits.com/course/4-english-grammar/ ] , ace Aptitude Tests [ https://learningpundits.com/course/11-mathematical-aptitude/ ], speak fluently in a Group Discussion [ https://learningpundits.com/module-view/6-group-discussion-questions/1-tips-for-speaking-in-a-group-discussion/ ] and perform well in Interviews [ https://learningpundits.com/course/2-personal-interview/ ] We also conduct weekly online contests on Aptitude and English [ https://learningpundits.com/contest ]. We also allow Job Seekers to apply for Jobs [ https://learningpundits.com/applyForJobs ]

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Tips on cracking Aptitude Questions on Profit and Loss

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  1. Formula for Cracking Aptitude Questions on Profit and Loss

  2. Formula #1: Reduce the problem to one equation and use the formula: Selling Price =Cost Price (1 + 0.01 x profit_percentage) • Question: Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, what is his gain percent? • Solution: • Net C.P.= Cost + Repairs= Rs. 4700 + 800= Rs. 5500 • S.P. = Rs. 5800 • Now, 5800= 5500(1+0.01p) • p = 300/(550x0.01)= 5.45 % Question: By selling a Jeans for $ 432, John loses 4%. For how much should John sell it to gain 6%? Solution: For the first transaction, we have: 432 = C.P. (1-0.04) = C.P. * 0.96 => C.P. = 432/0.96 For the second transaction, we have: S.P. = C.P. (1+0.06) = (432/0.96) * 1.06 S.P.= $477

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