Profit and Loss Calculations

The video tutorial covers the concepts of profit and loss, explaining how profit occurs when the selling price exceeds the cost price, and loss occurs when the selling price is less than the cost price. It introduces formulas for calculating profit and loss, as well as their percentages, which are based on the cost price. The tutorial includes examples, such as calculating the gain percentage for a table and determining the selling price needed to achieve a desired gain percentage for a watch.

What is the formula for calculating profit?

• Selling price plus cost price

• Cost price divided by selling price

• Cost price minus selling price

• Selling price minus cost price

When do you incur a loss on a product?

• When the cost price is zero

• When the selling price is less than the cost price

• When the selling price is equal to the cost price

• When the selling price is more than the cost price

What is the formula for calculating loss?

• Selling price divided by cost price

• Cost price plus selling price

• Selling price minus cost price

• Cost price minus selling price

If the selling price is equal to the cost price, what is the profit or loss?

• Neither profit nor loss

• Loss

• Profit

• Both profit and loss

How is profit percentage calculated?

• Selling price divided by profit times 100

• Cost price divided by profit times 100

• Profit divided by cost price times 100

• Profit divided by selling price times 100

On what value is the loss percentage calculated?

• Cost price

• Profit

• Loss

• Selling price

What is the selling price if the cost price is 1000 rupees and the profit is 20%?

• 1200 rupees

• 1300 rupees

• 1400 rupees

• 1100 rupees

If the cost price is 800 rupees and the loss is 10%, what is the selling price?

• 720 rupees

• 780 rupees

• 700 rupees

• 750 rupees

What is the cost price if the selling price is 2000 rupees and the profit is 25%?

• 2000 rupees

• 1800 rupees

• 1500 rupees

• 1600 rupees

If a product is sold at a 15% loss and the selling price is 850 rupees, what is the cost price?

• 1000 rupees

• 800 rupees

• 950 rupees

• 900 rupees