This thread is exclusively for those who are very weak in Quant and want to start from the scratch. Lets just do quants from basic level and lets become heros from zeros in Quant. I hope this thread will be successful and will give good Quant hero…
This thread is exclusively for those who are very weak in Quant and want to start from the scratch. Lets just do quants from basic level and lets become heros from zeros in Quant. I hope this thread will be successful and will give good Quant heros for CAT 2012...
Profit and loss is the branch of basic mathematics which deals with the study of profit and loss made in a business transaction.
Profit and loss is mainly used in finance and business transactions.
Some important profit and loss formulas are :
Notations used in profit and loss:
S.P. Selling price
C.P. Cost price
M.P. Marked Price
Profit and Loss Formulas:
1. Profit or Gain = S.P. C.P. [ profit is made only when S.P. is greater then C.P.]
2. Loss = C.P S.P. [ Loss id made only when C.P. is greater than S.P.]
3. Profit % = (Actual Profit C.P. ) 100%
4. Loss % = (Actual loss C.P. ) 100%
5. C.P. = (S.P. 100 ) (100 + profit%) [If profit is made]
6. C.P. = (S.P. 100 ) (100 profit%) [If loss is made]
7. S.P. = (100 + profit%) C.P 100 [If profit is made]
8. S.P. = (100 loss%) C.P 100 [If loss is made]
9. Actual Discount = M.P. S.P.
10. Discount% = (Actual Discount M.P.) 100%
11. S.P. = M.P. Actual Discount
12. S.P. = M.P. Discount% of M.P.
13. S.P. = (100 Discount%) of M.P.
Very Basic Questions :-
1. A shopkeeper buys scientific calculators in bulk for $15 each. He sells them for $40 each. Calculate the profit on each calculator in dollars, and as a percentage of the cost price.
2. A school bookshop sells an outdated biology text book for $49.35, making a 6% loss. What was the cost price of the book, and what is the cash value of the loss?
3. A Trader uses 1 kg weight for 800 gm and increases the price by 20%. Find his profit/loss percentage.
4. A milk Vendor mixes water to milk such that he gains 25%. Find the percentage of water in the mixture.
5. A Trader brought an item for Rs. 200. If he wants a profit of 22%, at what price must he sell it?
6. A Person buys an item at Rs. 120 and sells to another at a profit of 25%. If the second person sells the item to another at Rs. 180, Whar is the profit % of second person..??
7. A milk vendor mixes water to 20 ltrs of milk such that the ratio of milk and water is 4:3. He sold the mixture at Rs. 12 per liter but brought the milk at Rs. 10 per liter. Find the profit % of the Vendor
8. A trader buys some apples at a price of 10 apples for Rs. 8 and sold hen at a price of 8 apples for Rs. 10. Find his profit or loss %.
9. A trader allows a discount of 25% on his articles but wants to gain 50% gain. How many times the CP should be marked on the items?
10. A Trader gets a profit of 25% on an article. If he buys the article at 10% lesser price and sells it for Rs. 2 less, he still gets 25% profit. Find the actual CP of the article.
11. A trader gets a discount of 20% from the dealer and marks it at 20% more price then the actual MP to the customer. Find his overall gain %.
12. A trader allows a discount of 20% to the customer after marking the item up by 25%. Find his gain/loss % if he is given a commission of 20% of the MP by the dealer.
11. A trader gets a discount of 20% from the dealer and marks it at 20% more price then the actual MP to the customer. Find his overall gain %.
12. A trader allows a discount of 20% to the customer after marking the item up by 25%. Find his gain/loss % if he is given a commission of 20% of the MP by the dealer.
suscribed!
@all there is existing thread for Quants
kindly check this Quantitative Questions and Answers - PaGaLGuY.com - The Everything of MBA in India and Abroad, CAT 2011, GMAT, XAT, MAT
and for CAT 2012 http://www.pagalguy.com/discussions/official-quant-thread-for-cat-2012-part-1-25074662
@all there is existing thread for Quants
kindly check this Quantitative Questions and Answers - PaGaLGuY.com - The Everything of MBA in India and Abroad, CAT 2011, GMAT, XAT, MAT
and for CAT 2012 http://www.pagalguy.com/discussions/official-quant-thread-for-cat-2012-part-1-25074662
Yes i know it. But people over there discuss very high level Quant. Here i want to do only basic level Quant and i hope it will be helpful to everyone who wants to do quant from scratch...!!!!!
lets start with numbers sytem as it is one of the important topic of cat??????
or it has been discussed olready........
i am new to this thread.......
so dnt know much........
lets start with numbers sytem as it is one of the important topic of cat??????
or it has been discussed olready........
i am new to this thread.......
so dnt know much........
Ya we shall do number System after completing Profit and loss as the topic is already been started. 😃
lets start with numbers sytem as it is one of the important topic of cat??????
or it has been discussed olready........
i am new to this thread.......
so dnt know much........
hey hydrocker bhai u r doing a very gud job. m w8ing this type of thread from a long time so plz carry on bro..............
sourabh24 Sayshey hydrocker bhai u r doing a very gud job. m w8ing this type of thread from a long time so plz carry on bro..............
Lets all together make this thread a big hit...!!!!
sourabh24 Sayshey hydrocker bhai u r doing a very gud job. m w8ing this type of thread from a long time so plz carry on bro..............
Lets all together make this thread a big hit...!!!!
Very Basic Questions :-
1. A shopkeeper buys scientific calculators in bulk for $15 each. He sells them for $40 each. Calculate the profit on each calculator in dollars, and as a percentage of the cost price.
2. A school bookshop sells an outdated biology text book for $49.35, making a 6% loss. What was the cost price of the book, and what is the cash value of the loss?
1) C.P = 15
S.P = 40
Profit = 40-15 = 25
Profit % = (25/15)*100 = 166% approx.
2) S.P = 49.35
Loss % = 6%
Loss % = C.P - S.P/C.P * 100
6 = (C.P-49.35/C.P)*100
6C.P = 100C.P - 4935
94 C.P = 4935
C.P = 52.48 Approx.
Loss = 52.48 - 49.35 = 3.03
1. $25 , 166.67%
2. 52.5 , 3.15
3. 50%
4. 20%
5. 244
6. 20%
7. 52.5%
8. 56.25%
9. 1.125
10........
11. 50%
12. 25%
1. $25 , 166.67%
2. 52.5 , 3.15
3. 50%
4. 20%
5. 244
6. 20%
7. 52.5%
8. 3.60
9. 1.125
10. ??
11. 50%
12. 25%
3. A Trader uses 1 kg weight for 800 gm and increases the price by 20%. Find his profit/loss percentage.
4. A milk Vendor mixes water to milk such that he gains 25%. Find the percentage of water in the mixture.
5. A Trader brought an item for Rs. 200. If he wants a profit of 22%, at what price must he sell it?
3) Let us assume that each gram costs 1 Rs .
So The price of 1 kg = 1000.
He says that the price is Increased by 20%.
Now the new price = 1200
But the Actual weight is 800gm. Its cost = 800
Profit = 1200 - 800 = 400
Profit % = 400/800 * 100 = 50%
4) Let quantity of milk be 100 Liters.
Let the cost of each liter be 1 Rs. So the total cost = 100.
He wants 25% gain which means 100 + 25% of 100 = 125
Now he must add 25 liters of water to the milk.
Percentage of water in the mixture is 25/125 * 100 = 20%
5) Profit % = S.P - C.P / C.P * 100
22 = (S.P - 200 / 200) * 100
44 = S.P - 200
S.P = 244