Mechanical Engineering Exam > Mechanical Engineering Videos > General Aptitude for GATE > Practice Questions: Profit, Loss & Discount
Profit, Loss & Discount Question Answers for UGC NET
FAQs on Practice Questions: Profit, Loss & Discount
| 1. What is the formula to calculate profit? |  |
Ans. The formula to calculate profit is: Profit = Selling Price - Cost Price.
| 2. How do you calculate the loss percentage? | |
Ans. The loss percentage can be calculated using the formula: Loss percentage = (Loss / Cost Price) * 100.
| 3. What is the discount formula? | |
Ans. The discount formula is: Discount = Marked Price - Selling Price.
| 4. How do you find the selling price after applying a discount? | |
Ans. To find the selling price after applying a discount, use the formula: Selling Price = Marked Price - (Discount * Marked Price).
| 5. How can I calculate the cost price if the selling price and profit percentage are given? | |
Ans. If the selling price and profit percentage are given, the cost price can be calculated using the formula: Cost Price = (Selling Price * 100) / (100 + Profit Percentage).
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Apr 18, 2026 Last updated
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