Introduction

Quantitative Analysis requires a lot of practice and hardwork since its an analytical subject. Before becoming an expert one should understand the basics of Quantitative Analysis for Government Bank Job Exams for SBI, RBI, RRB and IBPS. This section gives you all details about the basics of Quantitative Analysis. Here you can get the Free Notes and PDF downloads for Quantitative Analysis to prepare for the Bank PO and Clerical Jobs in India. Our experts are available incase you need any kind of online help to understand any topic or any kind of doubt clearing

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Our Main goal is to make Quantitative Analysis easy for every student to understand. In this section you will learn :

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9. PROFIT AND LOSS

 

A. Cost price: the price at which article is purchased. abbreviated as CP.

B. Selling price: the price at which article is sold. abbreviated as SP

C. Profit or gain: if SP is greater than CP,the selling price is said to have profit or gain.

D. Loss: if SP is less than CP,the seller is said to incurred a loss.

E. FORMULA

(i) GAIN = (SP) - (CP).
(ii) LOSS = (CP) - (SP).
(iii) LOSS OR GAIN is always reckoned on CP
(iv) GAIN % = {GAIN*100} / CP.
(v) LOSS% = {LOSS*100} / CP.
(vi) SP = {(100 + GAIN%) / 100} * CP.
(vii) SP = {(100-LOSS%) / 100} * CP.
(viii) CP = {100 / (100 + GAIN%)} * SP
(ix) CP = 100 / (100-LOSS%)} * SP
(x) If the article is sold at a GAIN of say 35%, then SP=135% of CP
(xi) If a Article is sold at a LOSS of say 35%, then SP=65% OF CP
(xii) When a person sells two items,one at a gain of X% and other at a loss of X%.then the seller always incures a loss given: {LOSS% = (COMMON LOSS AND GAIN ) ²} / 10 = (X / 10) ²
(xiii) If the trader professes to sell his goods at CP but uses false weights, then GAIN = [ERROR / (TRUE VALUE) - (ERROR) * 100]%

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