CAT Exam > CAT Videos > Quantitative Aptitude (Quant) > Imp Formula & Practice Questions: Profit, Loss & Discount
Imp Formula & Practice Questions: Profit, Loss & Discount Video Lecture | Quantitative Aptitude (Quant) - CAT
FAQs on Imp Formula & Practice Questions: Profit, Loss & Discount Video Lecture - Quantitative Aptitude (Quant) - CAT
| 1. What is the formula to calculate profit? |  |
Ans. The formula to calculate profit is: Profit = Revenue - Cost.
| 2. How do you calculate loss percentage? | |
Ans. To calculate loss percentage, use the formula: Loss Percentage = (Loss/Cost Price) x 100.
| 3. What is the difference between discount and loss? | |
Ans. Discount is a reduction in the selling price of a product, while loss is the amount by which the cost price exceeds the selling price.
| 4. How do you calculate the selling price if the cost price and discount are given? | |
Ans. To calculate the selling price when the cost price and discount are given, use the formula: Selling Price = Cost Price - (Discount/100) x Cost Price.
| 5. How can I calculate the profit percentage? | |
Ans. Profit Percentage can be calculated using the formula: Profit Percentage = (Profit/Cost Price) x 100.
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