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SSC CGL Prelims | SSC CGL Maths Classes | Profit and Loss Part 1

SSC Adda247・2 minutes read

The text covers various aspects of profit and loss calculations, including formulas, examples, and practical scenarios, with a focus on preparing students for government exams. It also highlights the importance of enrolling in classes and utilizing discount codes for comprehensive learning materials.

Insights

  • Understanding profit and loss calculations is essential for government exam preparation, with clear explanations provided on discount, profit percentage, and loss percentage calculations.
  • Viewers are encouraged to subscribe to the channel for timely class notifications and utilize discount code "y71" for joining a comprehensive foundation batch, emphasizing practical application of math concepts for real-world scenarios.

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Recent questions

  • How can I calculate profit percentage?

    To calculate profit percentage, use the formula profit upon cost price * 100. For example, if an item is bought for ₹1200 and sold for ₹1260, the profit would be ₹60. To find the profit percentage, divide the profit by the cost price (₹1200) and multiply by 100. In this case, the profit percentage would be 5%.

  • What is the formula for calculating discount?

    The formula for calculating discount is discount upon MRP * 100. For instance, if a discount of ₹100 is offered on an item with an MRP of ₹400, the discount percentage would be 25%. This is calculated by dividing the discount amount by the MRP and multiplying by 100.

  • How do I determine the percentage of loss?

    To determine the percentage of loss, use the formula loss upon cost price * 100. For example, if an item is bought for ₹15 and sold for ₹1470, the loss would be ₹1455. To find the percentage of loss, divide the loss by the cost price (₹15) and multiply by 100. In this scenario, the percentage of loss would be 9700%.

  • What is the ratio of cost price to selling price?

    The ratio of cost price to selling price is 728:25, resulting in a 42% profit. This means that for every 728 units of cost price, 25 units are the selling price. To calculate the profit percentage, divide the difference between the selling price and cost price by the cost price and multiply by 100.

  • How can I calculate profit on selling an item?

    To calculate profit on selling an item, subtract the cost price from the selling price. For example, if an item is bought for ₹100 and sold for ₹5805, the profit would be ₹5705. To find the profit percentage, divide the profit by the cost price (₹100) and multiply by 100. In this case, the profit percentage would be 5705%.

Related videos

Summary

00:00

"Master Profit and Loss with Math"

  • The topic of discussion is profit and loss, with a focus on teaching from basic to high level.
  • To benefit from the class, viewers are instructed to copy and share the video link widely.
  • The classes are designed to prepare students for government exams, ensuring no math-related issues.
  • The timing of the class is set at 12:00 PM from India, focusing on math concepts.
  • Subscriptions to the channel are encouraged for timely class notifications.
  • A discount code, "y71," is provided for joining a comprehensive foundation batch starting on the 3rd.
  • The discount calculation formula is explained as discount upon MRP * 100.
  • Profit calculation method is detailed as profit upon cost price * 100.
  • A practical example is given with a cost price of ₹1200 and selling price of ₹1260 to calculate profit percentage.
  • Another example involves a cost price of ₹15 and selling price of ₹1470 to determine the percentage of loss.

14:31

"Calculating Discounts, Profits, and Losses"

  • A discount of ₹100 is being offered, leading to a query about the percentage of the discount.
  • The discount of ₹100 equates to a 25% discount on a ₹400 item.
  • An item is bought for ₹100 and ₹400 is spent on repairs, totaling the cost at ₹5000.
  • The item is sold for ₹5805, resulting in a profit of ₹800, which translates to a 16% profit.
  • A loss of ₹50 is incurred when an item costing ₹400 is sold for ₹350, indicating a 12.5% loss.
  • The ratio of cost price to selling price is 728:25, leading to a 42% profit.
  • Selling 25 meters of cloth for a profit equal to the selling price of 5 meters results in a 25% profit.
  • Selling 33 items for a profit equal to the selling price of 11 items leads to a 33% profit.
  • The selling price of 25 meters of cloth is ₹25, with a profit of ₹5, resulting in a 25% profit.
  • Selling 33 items for a profit equal to the selling price of 11 items results in a 33% profit.

27:33

Mathematical Problems and Business Transactions Summary

  • Selling price at 33, 11; inquiry from Mala about the time.
  • Calculation: 33 + 1135, press 11; inquiry about the time.
  • Item worth 44044 rupees; 33 rupees for children, 11.
  • Office call for tomorrow; item worth 44 rupees.
  • Children returned after studying in 11th; percentage calculation query.
  • Speculations on children and fruits; Rs 200 problem.
  • Book cancellation from 11444; total book cost 25 cents.
  • Combining for lower cheese percentage; weight loss of 25 cents.
  • Purchase of 20 kg apples at Rs 50 per kg; 5% rotten, sold at Rs 50 per kg.
  • Milkman buys at Rs 20 per kg, sells at Rs 22; mixing water and profit calculation.

40:50

"Profit and Loss Calculations Simplified"

  • Profit of ₹1 on selling ₹100, cost of item is ₹6
  • Profit of ₹5 per item in the box
  • Profit of 12% on one item, base choice on another, 25% profit on the third, and art sold on advice for the fourth
  • Profit loss percentage calculations
  • Trick for profit and loss calculations explained
  • Homework question on selling an item for a 30% profit
  • Details on joining the foundation batch for SSC exams
  • Instructions on using discount codes for course packs
  • Details on books and practice sets included in the course packs
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