Profit and Loss Formulas
Profit and Loss FormulasProfit and loss is the one of major question section in Competitive exams. These formulas will be helpful for your upcoming Exams like PSC, SSC, IBPS and Other Competitive Exams.
1. The cost price of 40 apples is the same as the selling price of 25 apples. Find the gain percent.
Answer:
=(40-25)/25×100
=15/25×100=60%.
2. A Table was purchased for Rs. 470 and sold at a profit of 10%. Find the selling price.
Answer:
=(100+10)/100 X 470
=517.
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Problems Type 1: .
A can finish work in X days. .
B can finish work in Y days.
Both can finish in Z days = (X*Y) / (X+Y). .
Problems Type 2: .
Both A and B together can do work in T days.
A can do this work in X days.
then, B can do it in Y days = (X*T) / (X-T) .
Problems Type 3: .
A can finish work in X days.
B can finish work in Y days.
C can finish work in Z days.
Together they can do work in T days = (X*Y*Z)/ [(X*Y)+(Y*Z)+(X*Z)] .
Problems Type 4: .
A can finish work in X days.
B can finish work in Y days.
A*X = B*Y.
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