1 General Mental and Psychological Abilities · 1.3.1 Percentages and commercial arithmetic

1.3.1.2 Profit and loss: cost price, selling price and profit per cent

Profit and loss per cent are always worked on the cost price unless the question says otherwise, and every sale is just a multiplier on the cost.

  • APPSC Group 1
  • Advanced level
  • 5 min read
  • Full course

Key terms

  • cost price
  • selling price
  • profit per cent
  • loss per cent
  • same selling price
  • chain of sales
  • overall profit
  • spoilage
  • profit on selling price

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Common trapsFoundation
  5. Quick revisionFoundation

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