ELEMENTS OF BUSINESS MATHEMATICS AND STATISTICS
A shopkeeper buys a T.V. set for 4,950 and spends * 50 on its transportation. He sells it for
5,500. Find his profit per cent.
Answers
Step-by-step explanation:
Profit and Loss Aptitude Questions
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Profit and Loss Formulae
1. Gain = (S.P.) - (C.P.)
2. Loss = (C.P.) - (S.P.)
3. Loss or gain is always reckoned on C.P.
4. Gain Percentage = Gain x 100/C.P
5. Loss Percentage = Loss x 100/C.P
6. Selling Price = (100 + Gain %)x C.P/100
7. Selling Price = (100 - Loss %)x C.P/100
8. Cost Price = 100x S.P/(100 + Gain %)
9. Cost Price = 100x S.P/(100 - Loss %)
Profit and Loss MCQ Quiz Answers
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