Profit 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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