## Ismaiel Kalady is teaching live on Unacademy Plus

Part 1 PROFIT AND LOSS For Degree Level PSC Exams By Ismaiel Kalady

Course Contents Basic Concepts of Profit and Loss Discount and MP All varieties of Problems Advanced Tricks to solve problems quickly Previous year Questions included

What is CP and SP? Price at which we buy something - Cost Price Price at which we sell something - Selling Price If SP > CP , we have Profit If CP > SP, we have Los:s

Profit and Loss . Profit = SP-CP . Loss=CP-SP "Profit%= Profit 100 CP Loss CP -Loss % = 100

MP and Discount MP (Marked Price) - CP increased by trader to avoid bargaining loss Discount- reduction offered in MP . Discount MP-SP

Discount % Discount%-Discount x100 If two successive discounts of m% and n% In n then equivalent discount = m+n- 100

1. A man buys a toy for Rs. 25 and sells it for Rs. 30. Find his gain percent Ans Gain SP-CP- 30-25- Rs.5

1. A man buys a toy for Rs. 25 and sells it for Rs. 30. Find his gain percent Ans Gain SP-CP- 30-25- Rs.5 Profil x1o0 CP Gain % 5 25 >< 1 00-20%

2. Raju bought a book for Rs.400 . He sold it at 40% loss. What is his selling price? . Ans: , CP= Rs.400 40 . Loss100 400 = 1 60 - , SP = CP-Loss = 400-160 - Rs. 240

3, A bicycle is sold for Rs. 1 800 at a loss of 10%. What is the cost price? Ans: P-Rs 100 1O Loss. So. S-P C. P-Loss- 10-1 If 9units = 1300 lunit-80D200 7