RRB Group D / RPF Constable Exam > RRB Group D / RPF Constable Videos > Railways Exam Preparation (in Hindi) > Profit and Loss (Part 4)
Profit and Loss (Part 4) Video Lecture | Railways Exam Preparation (in Hindi) - RRB Group D / RPF Constable
FAQs on Profit and Loss (Part 4) Video Lecture - Railways Exam Preparation (in Hindi) - RRB Group D / RPF Constable
| 1. What is the formula to calculate profit or loss? |  |
Ans. The formula to calculate profit or loss is:
Profit = Selling Price - Cost Price
Loss = Cost Price - Selling Price
| 2. How can I calculate the profit percentage? | |
Ans. To calculate the profit percentage, you can use the following formula:
Profit Percentage = (Profit / Cost Price) * 100
| 3. What is the difference between profit and loss? | |
Ans. Profit refers to the financial gain made when the selling price of a product or service exceeds the cost price, while loss occurs when the cost price exceeds the selling price, resulting in a financial deficit.
| 4. Can you provide an example of calculating profit and loss? | |
Ans. Sure! Let's say you bought a shirt for $20 and sold it for $25. To calculate the profit, you subtract the cost price from the selling price: $25 - $20 = $5. Therefore, the profit is $5.
| 5. How does profit and loss impact business? | |
Ans. Profit and loss directly impact a business's financial health. A consistent profit indicates a successful business operation, enabling growth, expansion, and reinvestment. On the other hand, sustained losses can lead to financial difficulties, potential closure, or the need for restructuring and cost-cutting measures.
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