Practice Questions: Profit, Loss & Discount

# Profit, Loss & Discount Question Answers for UGC NET

## General Aptitude for GATE

198 videos|165 docs|152 tests

## FAQs on Profit, Loss & Discount Question Answers for UGC NET

 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).

## General Aptitude for GATE

198 videos|165 docs|152 tests

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