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Profit, Loss & Discount Video Lecture | Quantitative Aptitude (Quant) - CAT

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FAQs on 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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