SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > How to solve Questions on Profit and Loss - 1
How to solve Questions on Profit and Loss - 1 Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
|
1365 videos|1312 docs|1010 tests
|
FAQs on How to solve Questions on Profit and Loss - 1 Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What is profit and loss? |  |
Ans. Profit and loss is a financial concept that refers to the difference between the revenue earned and the expenses incurred by a business or individual. It indicates whether the business or individual has made a profit (when revenue is higher than expenses) or a loss (when expenses are higher than revenue).
| 2. How is profit calculated? | |
Ans. Profit is calculated by subtracting the total expenses from the total revenue. The formula to calculate profit is: Profit = Revenue - Expenses. This calculation provides a measure of the financial success or failure of a business or individual.
| 3. What is the significance of understanding profit and loss in business? | |
Ans. Understanding profit and loss is crucial in business as it helps in evaluating the financial health and performance of the company. It allows business owners to assess profitability, make informed decisions regarding pricing, expenses, and investments, and identify areas for improvement or cost-cutting measures.
| 4. How can one calculate the profit percentage? | |
Ans. The profit percentage can be calculated by dividing the profit by the cost price and then multiplying the result by 100. The formula is: Profit Percentage = (Profit / Cost Price) * 100. This calculation helps determine the profitability relative to the cost incurred.
| 5. What is meant by gross profit and net profit? | |
Ans. Gross profit is the profit earned by a business before deducting expenses such as taxes, operating costs, and overheads. It is calculated by subtracting the cost of goods sold from the revenue. On the other hand, net profit is the profit earned after deducting all expenses, including taxes and operating costs. It provides a more accurate representation of the profitability of a business.
Related Exams
About this Video
|
2K Views |
|
4.85/5 Rating |
|
Nov 21, 2024 Last updated |
Video Description: How to solve Questions on Profit and Loss - 1 for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for How to solve Questions on Profit and Loss - 1 have been prepared according to the SSC CGL exam syllabus.
Information about How to solve Questions on Profit and Loss - 1 covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for How to solve Questions on Profit and Loss - 1.
Introduction of How to solve Questions on Profit and Loss - 1 in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & How to solve Questions on Profit and Loss - 1 in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for How to solve Questions on Profit and Loss - 1 Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about How to solve Questions on Profit and Loss - 1
Here you can find the meaning of How to solve Questions on Profit and Loss - 1 defined & explained in the simplest way possible.
Besides explaining types of How to solve Questions on Profit and Loss - 1 theory, EduRev gives you an ample number of questions to practice How to solve Questions on Profit and Loss - 1 tests,
examples and also practice SSC CGL tests.
|
1365 videos|1312 docs|1010 tests
|
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Exam
,mock tests for examination
,shortcuts and tricks
,Free
,MCQs
,Previous Year
,Previous Year Questions with Solutions
,Semester Notes
,Summary
,Sample Paper
,Previous Year
,Online Tests
,Extra Questions
,practice quizzes
,Important questions
,Objective type Questions
,past year papers
,Previous Year
,Online Tests
,How to solve Questions on Profit and Loss - 1 Video Lecture | SSC CGL Tier 2 - Study Material
,How to solve Questions on Profit and Loss - 1 Video Lecture | SSC CGL Tier 2 - Study Material
,study material
,How to solve Questions on Profit and Loss - 1 Video Lecture | SSC CGL Tier 2 - Study Material
,video lectures
,Viva Questions
,Online Tests
,ppt
;
Study How to solve Questions on Profit and Loss - 1 on the App
Students of SSC CGL can study How to solve Questions on Profit and Loss - 1 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the How to solve Questions on Profit and Loss - 1,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of How to solve Questions on Profit and Loss - 1 is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup