## Best explanation to understand and solve the profit and loss

Profit and loss is one of the most important and integral part of financial statement. It is fully based on income statement. In math paper is incomplete without this topic.

Profit and loss is one of the important topics in IBPS EXAM, SSC, RAILWAY and all the company interviews.

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### Profit and Loss

Profit and loss is the most wanted topics in business, It is all about income status. In our daily life every individual face this problem, so first we want clear the definition of profit and loss.

Profit and loss summarized the income status(revenues) and expenses(the money spent on something) generated by the company over entire reporting status.

Profit and loss use end of an accounting period to collect the balance of the main balance. It is called as a financial year.

The final year income provide the information about the company’s ability and inability to generate the company income and loss or both. Here some simple formulas are available, try it and get a high marks in your exams.

### Profit and Loss Formule

S.P means = selling price

C.P means = cost price

( the selling price is higher than the cost price, it is called profit. The selling price is lower than the cost price is called loss.)

Profit = ( S.P – C.P )

Loss = ( C.P – S.P )

Profit percentage = [ P*100] / C.P

Loss percentage = [ L*100 ] / C.P

### Profit and Loss Tips and Shortcuts

1. Profit and loss are one of the most important topics in competitive exams. If you know how to manage the time surely you will get a good mark in your exams. Profit and loss has some simple formula so, we request you to memorise the formula first.
2. Before doing anything we recommend you to do math practice, success is no accident, It is hard work. Perseverance , learning, studying, and most of all, love of what you are doing or learning to do. Push your to the goal, daily you choose any ten questions, and practice with simple formula.
3. Time management is one of the most important thing in math. If you know how to manage the time, then we will get good marks in your exams.
4. Keep trying and hard work is the best key to success, work hard in silence, let your success be your voice. If you need to improve your time more then you need to improve your practice.
5. Here, we provide some basic tricks for scoring better marks. When you focus on problems, you will have more problems. When you focus on possibilities, you will have more opportunities.
6. finally , we always welcome your valuable comment so, if you have any queries please do comment. Your little help will help so many needy.

### Profit and Loss Problems

Here we provide some problem and solution for profit and loss.  Solving the problem is one of the most wanted one in every field. Problem solving is the main topics in aptitude exams.

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