{"id":102585,"date":"2024-07-20T14:34:00","date_gmt":"2024-07-20T09:04:00","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=102585"},"modified":"2024-07-19T14:53:26","modified_gmt":"2024-07-19T09:23:26","slug":"profit-and-loss-for-ibps-rrb","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/profit-and-loss-for-ibps-rrb\/","title":{"rendered":"Profit and Loss For IBPS RRB, Check All Details"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/www.practicemock.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/www.practicemock.com\/blog\/category\/banking-insurance\/\">Banking &amp; Insurance<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\">Profit and loss For IBPS RRB<\/span><\/span><\/div>\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Profit And Loss For IBPS RRB<\/h2>\n\n\n\n<p>The Profit and Loss is an easy topic and also a scoring topic that comes not only in IBPS RRB but also in all banking exams. The concept of profit and loss is an essential topic in the quantitative aptitude section of the IBPS RRB exam. This topic not only helps in scoring well but also helps in solving financial transactions. In this section, we will cover key concepts, formulas, and examples related to profit and loss to help you prepare for the IBPS RRB exam.<\/p>\n\n\n\n<p><strong>Profit and Loss Formula<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Profit = SP \u2013 CP<\/li>\n\n\n\n<li>Loss = CP \u2013 SP<\/li>\n\n\n\n<li>Profit (%) = {Profit\/CP} \u00d7 100<\/li>\n\n\n\n<li>Loss (%) = {Loss\/CP} \u00d7 100<\/li>\n\n\n\n<li>Discount = Marked Price \u2013 Selling Price<\/li>\n\n\n\n<li>Discount (%) = (Discount\/MP) \u00d7 100<\/li>\n\n\n\n<li>SP= [(100+ Gain%)\/ 100]x CP<\/li>\n\n\n\n<li>SP= [(100- Loss%)\/ 100]x CP<\/li>\n\n\n\n<li>CP= [100\/ (100+ Gain%)]x SP<\/li>\n\n\n\n<li>CP= [100\/ (100- Loss%)]x SP<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/ibps-rrb-officer-test-series\/?ref=11471\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Take a IBPS RRB PO Free Mock Test &amp; Know the Difficulty Level of the Questions Asked<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/blog\/ibps-clerk-notification-2024\/\"><strong>IBPS Clerk 2024 Notification Out- Click to Check<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Concepts for Profit and Loss <\/h2>\n\n\n\n<p>Cost Price (CP): The price at which an element is purchased.<br>Selling Price (SP): The price at which an element is sold.<br>Profit: When the selling price of an element is higher than its cost price.<br>Formula: Profit = SP &#8211; CP<br>Loss: When the selling price of an element is lower than its cost price.<br>Formula: Loss = CP &#8211; SP<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/ibps-rrb-assistant-test-series\/?ref=11471\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Take 1 Free Mock Test &amp; Measure Your Performance in Numbers<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Practical Question and Answer For Profit &amp; Loss<\/h2>\n\n\n\n<p><strong>Question 1:<\/strong>&nbsp;A seller had 2 diamonds with him worth Rs. 60000 and Rs. 70000, respectively. He marked the 1<sup>st<\/sup>&nbsp;one \u20182x\u2019% above the cost price and offered a discount of \u20184x\u2019%. Also, he marked the 2<sup>nd<\/sup>&nbsp;one \u20183x\u2019% above the cost price and offered a discount of \u20182x\u2019%. The sum of the selling prices of the 2 diamonds was Rs. 127690. Find x.<\/p>\n\n\n\n<p>A) 7<\/p>\n\n\n\n<p>B) 2<\/p>\n\n\n\n<p>C) 5<\/p>\n\n\n\n<p>D) 3<\/p>\n\n\n\n<p>E) None of the above<\/p>\n\n\n\n<p><strong>Question 2:<\/strong>&nbsp;A shopkeeper marked an article 60% above cost price and sold it after two consecutive discounts of 10% and 15%, respectively. Find the cost price of the article, if the difference in the marked price and the selling price of the article is Rs. 4,512.<\/p>\n\n\n\n<p>A) Rs. 10,000<\/p>\n\n\n\n<p>B) Rs. 10,500<\/p>\n\n\n\n<p>C) Rs. 11,500<\/p>\n\n\n\n<p>D) Rs. 12,000<\/p>\n\n\n\n<p>E) None of these<\/p>\n\n\n\n<p><strong>Question 3:<\/strong>&nbsp;A shopkeeper bought \u2018x\u2019 shirts for Rs. 520 each. Had he sold half the number of shirts at a profit of 25% and rest of the shirts at a profit of 50%, the combined selling price of all the shirts would have been Rs. 8580. If he sold (x \u2013 4) shirts at a profit of 10%, then find the combined selling price of (x \u2013 4) shirts.<\/p>\n\n\n\n<p>A) Rs. 5720<\/p>\n\n\n\n<p>B) Rs. 5148<\/p>\n\n\n\n<p>C) Rs. 4004<\/p>\n\n\n\n<p>D) Rs. 4576<\/p>\n\n\n\n<p>E) None of these<\/p>\n\n\n\n<p><strong>Question 4:<\/strong>&nbsp;A shopkeeper sold an article at a discount of 15% and still earned a profit of 25%. If the cost price of the article was Rs. 1632, then find the marked price of the article.<\/p>\n\n\n\n<p>A) Rs. 2500<\/p>\n\n\n\n<p>B) Rs. 2400<\/p>\n\n\n\n<p>C) Rs. 2250<\/p>\n\n\n\n<p>D) Rs. 2350<\/p>\n\n\n\n<p>E) None of these<\/p>\n\n\n\n<p><strong>Question 5:<\/strong>&nbsp;Alok bought a second &#8211; hand printer for Rs. 1750 and spends Rs. (x + 50) on its maintenance and sold it to Akul for Rs. 2520. If he makes a profit of 20%, then find the value of \u2018x\u2019.<\/p>\n\n\n\n<p>A) Rs. 200<\/p>\n\n\n\n<p>B) Rs. 250<\/p>\n\n\n\n<p>C) Rs. 300<\/p>\n\n\n\n<p>D) Rs. 350<\/p>\n\n\n\n<p>E) Rs. 400<\/p>\n\n\n\n<p><strong>Question 6:<\/strong>&nbsp;On selling an article for Rs. (x \u2013 800), a shopkeeper incurred a loss equal to half of the profit he would have gained on selling the article for Rs. (x + 700). If to gain a profit of 30%, he needs to sell the article for Rs. 5850, find the value of \u2018x\u2019.<\/p>\n\n\n\n<p>A) Rs. 4300<\/p>\n\n\n\n<p>B) Rs. 4800<\/p>\n\n\n\n<p>C) Rs. 5400<\/p>\n\n\n\n<p>D) Rs. 5000<\/p>\n\n\n\n<p>E) None of these<\/p>\n\n\n\n<p><strong>Question 7:<\/strong>&nbsp;On the occasion of Eid, a man bought two goats for Rs. 1200. He sold one goat at a profit of 20% and another one at a loss of 20%. If in the whole transaction, he made a profit of Rs. 60, find the cost price of goat on which he made a profit.<\/p>\n\n\n\n<p>A) Rs. 600<\/p>\n\n\n\n<p>B) Rs. 650<\/p>\n\n\n\n<p>C) Rs. 700<\/p>\n\n\n\n<p>D) Rs. 750<\/p>\n\n\n\n<p>E) Rs. 800<\/p>\n\n\n\n<p><strong>Question 8:<\/strong>&nbsp;Pankaj bought a cycle for some amount, marks it up by 25% and sells it on a discount of 15%. In this process, he makes a profit of Rs. 100. Find at what price Pankaj should have sold the cycle to earn a profit of 10%?<\/p>\n\n\n\n<p>A) Rs. 1265<\/p>\n\n\n\n<p>B) Rs. 1280<\/p>\n\n\n\n<p>C) Rs. 1440<\/p>\n\n\n\n<p>D) Rs. 1600<\/p>\n\n\n\n<p>E) Rs. 1760<\/p>\n\n\n\n<p><strong>Question 9:<\/strong>&nbsp;A shopkeeper marked an article 50% above cost price and sold it after two consecutive discounts of \u2018x\u2019% and (x + 5)% respectively. Find the value of \u2018x\u2019, if in this transaction he had a loss of 10%.<\/p>\n\n\n\n<p>A) 30%<\/p>\n\n\n\n<p>B) 25%<\/p>\n\n\n\n<p>C) 22.5%<\/p>\n\n\n\n<p>D) 20%<\/p>\n\n\n\n<p>E) None of these<\/p>\n\n\n\n<p><strong>Question 10:<\/strong>&nbsp;A shopkeeper sold an article at a profit of 30%. Had he bought it for Rs. 200 less than the original cost price and sold it for Rs. 110 less than the original selling price, he would have gained 45%. Find his profit percent, if he sells the article for Rs. 1350.<\/p>\n\n\n\n<p>A) 17.5%<\/p>\n\n\n\n<p>B) 10%<\/p>\n\n\n\n<p>C) 15%<\/p>\n\n\n\n<p>D) 12.5%<\/p>\n\n\n\n<p>E) None of these<\/p>\n\n\n\n<p><strong>Solution 1: D)<\/strong><\/p>\n\n\n\n<p>According to the question,<\/p>\n\n\n\n<p>60000 \u00d7 [1 + (2x\/100)] \u00d7 [1 &#8211; (4x\/100)] + 70000 \u00d7 [1 + (3x\/100)] \u00d7 [1 &#8211; (2x\/100)] = 127690<\/p>\n\n\n\n<p>6 \u00d7 [100 + 2x] \u00d7 [100 \u2013 4x] + 7 \u00d7 [100 + 3x] \u00d7 [100 \u2013 2x] = 127690<\/p>\n\n\n\n<p>60000 \u2013 1200x \u2013 48x<sup>2<\/sup>+ 70000+ 700x \u2013 42x<sup>2<\/sup>&nbsp;= 127690<\/p>\n\n\n\n<p>90x<sup>2<\/sup>&nbsp;+ 500x \u2013 2310 = 0<\/p>\n\n\n\n<p>9x<sup>2<\/sup>&nbsp;+ 50x \u2013 231 = 0<\/p>\n\n\n\n<p>On solving, x = 3<\/p>\n\n\n\n<p>Hence, option d.<\/p>\n\n\n\n<p><strong>Solution 2: D)<\/strong><\/p>\n\n\n\n<p>Let the cost price of the article = Rs. x<\/p>\n\n\n\n<p>So, the marked price of the article = 1.60 \u00d7 x = Rs. 1.6x<\/p>\n\n\n\n<p>Selling price of the article = 1.6x \u00d7 0.90 \u00d7 0.85 = Rs. 1.224x<\/p>\n\n\n\n<p>According to question:<\/p>\n\n\n\n<p>1.6x \u2013 1.224x = 4512<\/p>\n\n\n\n<p>0.376x = 4512<\/p>\n\n\n\n<p>x = 12000<\/p>\n\n\n\n<p>So the cost price of the article = Rs. 12,000<\/p>\n\n\n\n<p>Hence, option d.<\/p>\n\n\n\n<p><strong>Solution 3: D)<\/strong><\/p>\n\n\n\n<p>Total cost price of \u2018x\u2019 shirts = Rs. 520x<\/p>\n\n\n\n<p>Total selling price = (520x\/2) \u00d7 1.25 + (520x\/2) \u00d7 1.5 = 8580<\/p>\n\n\n\n<p>325x + 390x = 8580<\/p>\n\n\n\n<p>715x = 8580<\/p>\n\n\n\n<p>x = 12 shirts<\/p>\n\n\n\n<p>So, cost price of (x \u2013 4), 8 shirts = 8 \u00d7 520 = Rs. 4160<\/p>\n\n\n\n<p>Selling price of 8 shirts combined = 4160 \u00d7 1.1 = Rs. 4576<\/p>\n\n\n\n<p>Hence, option d.<\/p>\n\n\n\n<p><strong>Solution 4: B)<\/strong><\/p>\n\n\n\n<p>Cost price of the article = Rs. 1632<\/p>\n\n\n\n<p>Profit percentage earned by the shopkeeper = 25%<\/p>\n\n\n\n<p>Selling price of the article = 1632 \u00d7 1.25 = Rs. 2040<\/p>\n\n\n\n<p>Discount percentage offered by the shopkeeper = 15%<\/p>\n\n\n\n<p>Marked price of the article = 2040\/0.85 = Rs. 2400<\/p>\n\n\n\n<p>So, the marked price of the article is Rs. 2400.<\/p>\n\n\n\n<p>Hence, option b.<\/p>\n\n\n\n<p><strong>Solution 5: C)<\/strong><\/p>\n\n\n\n<p>Cost price of printer for Alok = 1750 + (x + 50) = Rs. (x + 1800)<\/p>\n\n\n\n<p>According to question,<\/p>\n\n\n\n<p>(x + 1800) \u00d7 1.2 = 2520<\/p>\n\n\n\n<p>x + 1800 = 2100<\/p>\n\n\n\n<p>x = 300<\/p>\n\n\n\n<p>So, the value of \u2018x\u2019 is Rs. 300.<\/p>\n\n\n\n<p>Hence, option c.<\/p>\n\n\n\n<p><strong>Solution 6: B)<\/strong><\/p>\n\n\n\n<p>Cost price of article = 5850 \u00f7 1.3 = Rs. 4500<\/p>\n\n\n\n<p>Loss incurred by shopkeeper = 4500 \u2013 (x \u2013 800) = Rs. (5300 \u2013 x)<\/p>\n\n\n\n<p>Profit gained by shopkeeper = (x + 700) \u2013 4500 = Rs. (x \u2013 3800)<\/p>\n\n\n\n<p>According to question,<\/p>\n\n\n\n<p>(5300 \u2013 x) = (x \u2013 3800)\/2<\/p>\n\n\n\n<p>10600 \u2013 2x = x \u2013 3800<\/p>\n\n\n\n<p>3x = 14400<\/p>\n\n\n\n<p>x = Rs. 4800<\/p>\n\n\n\n<p>Hence, option b.<\/p>\n\n\n\n<p><strong>Solution 7: D)<\/strong><\/p>\n\n\n\n<p>Let, cost price of one goat is Rs. x, so cost price of another goat will be Rs. (1200 \u2013 x).<\/p>\n\n\n\n<p>According to question,<\/p>\n\n\n\n<p>1.2x + 0.8(1200 \u2013 x) = 1200 + 60<\/p>\n\n\n\n<p>1.2x + 9600 \u2013 0.8x = 1260<\/p>\n\n\n\n<p>0.4x = 300<\/p>\n\n\n\n<p>x = 300\/0.4 = Rs. 750<\/p>\n\n\n\n<p>Hence, option d.<\/p>\n\n\n\n<p><strong>Solution 8: E)<\/strong><\/p>\n\n\n\n<p>Let, cost price of cycle = Rs. x<\/p>\n\n\n\n<p>Marked price of cycle = 1.25 \u00d7 x<\/p>\n\n\n\n<p>Selling price of cycle = 1.25 \u00d7 x \u00d7 0.85 = Rs. 1.0625 \u00d7 x<\/p>\n\n\n\n<p>So, according to question,<\/p>\n\n\n\n<p>1.0625 \u00d7 x \u2013 x = 100<br>0.0625 \u00d7 x = 100<br>x = 100 \u00f7 0.0625<br>x = 1600<\/p>\n\n\n\n<p>Therefore, required Selling price = 1.1 \u00d7 1600 = Rs. 1760<\/p>\n\n\n\n<p>Hence, option e.<\/p>\n\n\n\n<p><strong>Solution 9: D)<\/strong><\/p>\n\n\n\n<p>Let the cost price of the article be Rs. 100<\/p>\n\n\n\n<p>So, the marked price of the article = 1.50 \u00d7 100 = Rs. 150<\/p>\n\n\n\n<p>Selling price of the article = 150 \u00d7 (100 \u2013 x)\/100 \u00d7 (100 \u2013 x \u2013 5)\/100 = 100 \u00d7 0.90<\/p>\n\n\n\n<p>(100 \u2013 x)(95 \u2013 x) = 6000<\/p>\n\n\n\n<p>9500 + x<sup>2<\/sup>&nbsp;\u2013 195x = 6000<\/p>\n\n\n\n<p>x<sup>2<\/sup>&nbsp;\u2013 195x + 3500 = 0<\/p>\n\n\n\n<p>x<sup>2<\/sup>&nbsp;\u2013 175x \u2013 20x + 3500 = 0<\/p>\n\n\n\n<p>x(x \u2013 175) \u2013 20(x \u2013 175) = 0<\/p>\n\n\n\n<p>(x \u2013 175)(x \u2013 20) = 0<\/p>\n\n\n\n<p>x = 20, 175<\/p>\n\n\n\n<p>Discount can never be more than 100%.<\/p>\n\n\n\n<p>So, the value of \u2018x\u2019 is20%.<\/p>\n\n\n\n<p>Hence, option d.<\/p>\n\n\n\n<p><strong>Solution 10: D)<\/strong><\/p>\n\n\n\n<p>Let the original cost price of the article be Rs. \u2018x\u2019.<\/p>\n\n\n\n<p>Original selling price of the article = 1.30 \u00d7 x = Rs. 1.3x<\/p>\n\n\n\n<p>Reduced cost price = Rs. (x \u2013 200)<\/p>\n\n\n\n<p>Reduced selling price = Rs. (1.3x \u2013 110)<\/p>\n\n\n\n<p>(x \u2013 200) \u00d7 1.45 = 1.3x \u2013 110<\/p>\n\n\n\n<p>1.45x \u2013 290 = 1.3x \u2013 110<\/p>\n\n\n\n<p>0.15x = 180<\/p>\n\n\n\n<p>x = 1200<\/p>\n\n\n\n<p>So, the cost price of the article = Rs. 1,200<\/p>\n\n\n\n<p>Profit earned if sold for Rs. 1,350 = 1350 \u2013 1200 = Rs. 150<\/p>\n\n\n\n<p>Profit percent = (150\/1200) \u00d7 100 = 12.5%<\/p>\n\n\n\n<p>Hence, option d.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/www.practicemock.com\/blog\/ibps-rrb-po-clerk-pdf-course\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><strong>IBPS RRB PO\/Clerk PDF Course \u2013 Click To Check<\/strong><\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Check Related Blogs For IBPS RRB PO 2024<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td colspan=\"2\"><strong>Check Related IBPS RRB PO Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/www.practicemock.com\/blog\/ibps-rrb-po\/ibps-rrb-po-syllabus\/\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS RRB PO Syllabus 2024<\/a><\/td><td><a href=\"https:\/\/www.practicemock.com\/blog\/ibps-rrb-po\/ibps-rrb-po-cut-off\/\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS RRB PO Cut Off 2024<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.practicemock.com\/blog\/ibps-rrb-po\/ibps-rrb-po-exam-pattern\/\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS RRB PO Exam Pattern 2024<\/a><\/td><td><a href=\"https:\/\/www.practicemock.com\/blog\/ibps-rrb-po\/ibps-rrb-po-previous-year-question-paper\/\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS RRB PO Previous Year Question Paper 2024<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.practicemock.com\/blog\/ibps-rrb-po\/ibps-rrb-po-salary\/\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS RRB PO Salary 2024<\/a><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Check Related Blogs For IBPS RRB Clerk 2024<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td colspan=\"2\"><strong>Check Related Blogs For IBPS RRB Clerk 2024<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/www.practicemock.com\/blog\/ibps-rrb-clerk\/ibps-rrb-clerk-syllabus\/\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS RRB Clerk Syllabus 2024<\/a><\/td><td><a href=\"https:\/\/www.practicemock.com\/blog\/ibps-rrb-clerk\/ibps-rrb-clerk-cut-off\/\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS RRB Clerk Cut Off 2024<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.practicemock.com\/blog\/ibps-rrb-clerk\/ibps-rrb-clerk-exam-pattern\/\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS RRB Clerk Exam Pattern 2024<\/a><\/td><td><a href=\"https:\/\/www.practicemock.com\/blog\/ibps-rrb-clerk\/ibps-rrb-clerk-previous-year-question-paper\/\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS RRB Clerk Previous Year Question Paper 2024<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/www.practicemock.com\/blog\/ibps-rrb-clerk\/ibps-rrb-clerk-salary\/\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS RRB Clerk Salary 2024<\/a><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Profit and Loss For IBPS RRB FAQ<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1721302353360\"><strong class=\"schema-faq-question\">What is Profit?<\/strong> <p class=\"schema-faq-answer\">Profit is the financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the business. It is calculated as:<br\/><strong>Profit = Selling\u00a0Price \u2212 Cost\u00a0Price<\/strong><\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1721303622270\"><strong class=\"schema-faq-question\">What is Loss?<\/strong> <p class=\"schema-faq-answer\">Loss occurs when the expenses, costs, and taxes of a business exceed the revenue generated. It is the opposite of profit and is calculated as:<br\/>Loss = Cost\u00a0Price \u2212 Selling\u00a0Price<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1721303715670\"><strong class=\"schema-faq-question\">How is the Cost Price (CP) defined?<\/strong> <p class=\"schema-faq-answer\">Cost Price (CP) is the amount paid to acquire a product or service.<\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Here we are sharing the practical questions on Profit and loss For IBPS RRB, Candidates check all details in the article below.<\/p>\n","protected":false},"author":13,"featured_media":102601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-102585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-insurance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Profit and Loss For IBPS RRB, Check All Details<\/title>\n<meta name=\"description\" content=\"Here we are sharing the practical questions on Profit and Loss For IBPS RRB, Candidates check all details in the article below.\" \/>\n<meta name=\"robots\" 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I cleared many bank exams time by time but couldn't join because of my passion towards writing. I write blogs to help aspirants prepare for Banking and Insurance exams. These blogs turn out to be a one-stop destination for comprehensive information on some of the biggest competitive exams like SBI PO\/Clerk, IBPS PO\/Clerk, IBPS RRB PO\/Clerk and RBI. My ultimate goal is to provide accurate and easy-to-understand information, covering topics like exam patterns, syllabus, study techniques, and more. Join me on this journey of knowledge!","url":"https:\/\/www.practicemock.com\/blog\/author\/ss8860409gmail-com\/"},{"@type":"Question","@id":"https:\/\/www.practicemock.com\/blog\/profit-and-loss-for-ibps-rrb\/#faq-question-1721302353360","position":1,"url":"https:\/\/www.practicemock.com\/blog\/profit-and-loss-for-ibps-rrb\/#faq-question-1721302353360","name":"What is Profit?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Profit is the financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the business. It is calculated as:<br\/><strong>Profit = Selling\u00a0Price \u2212 Cost\u00a0Price<\/strong>","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.practicemock.com\/blog\/profit-and-loss-for-ibps-rrb\/#faq-question-1721303622270","position":2,"url":"https:\/\/www.practicemock.com\/blog\/profit-and-loss-for-ibps-rrb\/#faq-question-1721303622270","name":"What is Loss?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Loss occurs when the expenses, costs, and taxes of a business exceed the revenue generated. 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