Profit And Loss
Everything on SkillVeris tagged Profit And Loss — collected across the glossary, study notes, blog, and cheat sheets.
7 resources across 1 library
Interview Questions(7)
How to Solve Percentage Problems
Percentage problems are solved by treating "percent" as "per hundred": x% of a number is (x/100) × number, and a percentage change is (change ÷ original) × 100.
How to Solve Profit and Loss Problems
Profit and loss are always calculated on the cost price: Profit = SP − CP, Loss = CP − SP, and the percentage is (Profit or Loss ÷ CP) × 100.
How to Solve False Weight Profit Problems
A dealer using a false weight but claiming a genuine or fixed profit percentage earns an actual profit of Profit% = (True Weight - False Weight) / False Weight…
How to Solve Dishonest Dealer Problems
A dishonest dealer’s overall gain percentage combines every trick used — false weights when buying, false weights when selling, and any stated markup — by chai…
How to Solve Successive Profit and Loss Transactions
When an item is bought and sold multiple times in a chain, each successive profit or loss percentage multiplies onto the running price as a factor of (1 + gain…
How to Solve Cost Price to Marked Price Ratio Problems
Marked price is set above cost price to leave room for a discount while still yielding a profit, so Selling Price = Marked Price × (1 - discount/100) = Cost Pr…
Profit Percentage on Cost Price vs Selling Price
Profit percentage is almost always calculated on cost price by default (Profit% = (SP - CP)/CP x 100), but the same absolute profit expressed as a percentage o…