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

183 videos|152 docs|113 tests

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

1. What is profit?
Ans. Profit is the financial gain that is obtained when the revenue from a business exceeds the expenses and costs involved in operating it.
2. What is loss?
Ans. Loss is the financial deficit that occurs when the expenses and costs of a business exceed its revenue, resulting in a negative financial outcome.
3. What is discount?
Ans. A discount is a reduction in the original price of a product or service. It is often offered by businesses to attract customers or promote sales.
4. How is profit calculated?
Ans. Profit is calculated by subtracting the total expenses and costs from the total revenue. The formula to calculate profit is: Profit = Total Revenue - Total Expenses.
5. How is loss calculated?
Ans. Loss is calculated by subtracting the total revenue from the total expenses and costs. The formula to calculate loss is: Loss = Total Expenses + Total Costs - Total Revenue.
183 videos|152 docs|113 tests

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