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Profit and Loss - (English)

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Profit and loss refers to the difference between what you bought and what you sold. Profit is the difference between what you bought and what you sold, while loss is the difference between what you sold and what you bought.

To calculate profit or loss, we need to know the cost price, selling price, and purchase price.

Sales Revenue - Cost of Goods Sold - Selling Expenses = Net Profit or Loss

This section deals with the problems that are given in the Aptitude Test.

Profit and Loss

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gopract.com has over 200 MCQs with past Profit and Loss questions and answers in a Profit and Loss quiz. You can take the Profit and Loss MCQ online test for free.

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