SSC CGL Exam > SSC CGL Videos > Quantitative Aptitude for SSC CGL > Profit and Loss : Final Revision
Profit and Loss : Final Revision Video Lecture | Quantitative Aptitude for SSC CGL
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314 videos|170 docs|185 tests
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FAQs on Profit and Loss : Final Revision Video Lecture - Quantitative Aptitude for SSC CGL
| 1. What is the difference between profit and loss? |  |
Ans. Profit is the financial gain earned when the revenue earned from a business exceeds the expenses incurred. On the other hand, loss occurs when the expenses exceed the revenue earned.
| 2. How can a company calculate its profit? | |
Ans. A company can calculate its profit by subtracting the total expenses from the total revenue generated during a specific period. The formula for calculating profit is: Profit = Total Revenue - Total Expenses.
| 3. What are some common reasons for incurring a loss in business? | |
Ans. Some common reasons for incurring a loss in business include high operating expenses, low sales volume, poor management decisions, economic downturns, and increased competition.
| 4. How can a company improve its profit margin? | |
Ans. A company can improve its profit margin by increasing sales revenue, reducing operating expenses, negotiating better deals with suppliers, implementing cost-saving measures, and improving operational efficiency.
| 5. What is the importance of analyzing profit and loss statements for a business? | |
Ans. Analyzing profit and loss statements helps businesses understand their financial performance, identify areas of strength and weakness, make informed business decisions, set realistic financial goals, and track progress towards achieving profitability.
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Nov 22, 2024 Last updated |
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