PROFIT AND LOSS |DAY-01| IMPORTANT QUESTION And Guide for Beginners | LC-222 TUTORIAL BY-R.K.VERMA

Описание: PROFIT AND LOSS | IMPORTANT QUESTION |Ultimate Guide for Beginners | LC-222 TUTORIAL BY-R.K.VERMA
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Rahul Verma is a Teacher of Maths who has cracked Railway ,SSC,And Diffrent Types Of State Level Exam(State Police,Forest(Sub Beat Officer)And Now he Is serving in Indian 🛤 Railway From Last 11 Successful Years.
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📘 Profit and Loss (Competitive)
Profit and Loss is one of the most important topics in Arithmetic, frequently asked in SSC, Banking (IBPS/SBI), Railway (RRB), and other government exams. Questions are generally based on real-life buying and selling situations and test a candidate’s calculation speed and concept clarity.
🔹 Basic Terms
Cost Price (CP): Price at which an article is purchased
Selling Price (SP): Price at which an article is sold
Profit (Gain): When SP- CP
Loss: When CP -SP
🔹 Formulae
Profit = SP − CP
Loss = CP − SP
Profit % = (Profit / CP) × 100
Loss % = (Loss / CP) × 100
🔹 Important Concepts
Marked Price (MP)
Discount
Successive profit and loss
False weight
Profit & loss on multiple items
Dishonest dealer problems
🔹 Exam Importance
Usually 1–3 questions in exams
Often combined with percentage, ratio, and simple interest
Questions are mostly easy to moderate, but calculation-based
🔹 Preparation Tip
Master formulas, practice mental calculations, and solve previous year questions to score full marks from this topic.
If you want, I can also give:
✅ Short notes for revision
✅ Most expected questions
✅ Tricks & shortcuts
✅ Hindi or Hinglish version
Just tell me 👍