Tutorial Profit & Loss
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Profit and loss
Mr. Patil started a poultry business with 102 birds with an initial investment of Rs. 5,000. In the first month, 7 birds died and expenses totaled Rs. 2,040. With 95 remaining birds averaging 1.8 kg each and selling at Rs. 15/kg, sales totaled Rs. 2,565. By subtracting expenses from sales, Mr. Patil made a profit of Rs. 525 in the first month. In a second scenario where 40 birds died instead of 7, students are assigned to recalculate the profit or loss.
Profit and loss for class 6
This slide show is particular for CBSE/NCERT [grade 5-6] for understanding the concept of profit and loss.
Percentage,profit and loss
This document discusses key concepts related to percentages, profit, loss, and discounts. It provides examples of calculating percentages of quantities, converting fractions to percentages, and percentages to decimals. It also demonstrates how to calculate profit and loss amounts based on cost price and selling price. Examples are given for calculating profit percentage, loss percentage, and determining selling price given cost price and profit percentage. The document also defines discounts and provides an example of calculating the actual cost of an article to a dealer given the marked price, discount percentage, and profit percentage made.
Profit and loss
Miss Tami bought a shirt for Rp 50,000 and sold it for Rp 75,000, making a profit. Miss Tina's shirt was broken so she sold it for Rp 40,000, at a loss since she bought it for Rp 50,000. The document also defines profit as a selling price higher than the buying price, and loss as a lower selling price. It provides formulas to calculate profit/loss amounts and percentages. As an example, it says Mrs. Eka bought a dozen pens for Rp 18,000 and sold each for Rp 2,250, so she would make a profit or loss based on the totals.
Quantitative Aptitude - Profit & Loss
This document defines key terms used in profit and loss calculations such as cost price, selling price, profit, loss, profit percentage, loss percentage, and how to calculate profit, selling price when given cost price and profit percentage. It also defines marked price, mark up percentage, how to calculate marked price from cost price and mark up percentage. Finally, it defines discount, discount percentage and how to calculate selling price when given marked price and discount percentage.
11. profit & loss
The document provides information on profit and loss concepts. It defines key terms like cost price, selling price, profit, gain and loss. It provides formulas to calculate gain, loss, gain/loss percentage. It also includes solved examples like calculating profit/loss percentage when an item is bought and sold at different prices, finding cost price or selling price when other details are given.
Percentage & profit and loss
quantitative aptitude, maths
applicable to
Common Aptitude Test (CAT)
Bank Competitive Exam
UPSC Competitive Exams
SSC Competitive Exams
Defence Competitive Exams
L.I.C/ G. I.C Competitive Exams
Railway Competitive Exam
University Grants Commission (UGC)
Career Aptitude Test (IT Companies) and etc.
Rectification of Error
This document discusses various types of accounting errors and how to rectify them. It begins by explaining the need to rectify errors, whether innocent or intentional, by passing rectification journal entries. It then categorizes errors into those that do not affect the trial balance, such as errors of omission, principle, or recording to the wrong account, and those that do affect the trial balance, such as errors in posting, account balances, or preparing the trial balance. For each type of error, examples are provided and the rectifying journal entry is shown. The document emphasizes the principles of "undoing what is wrong" and "doing what is correct" to rectify accounting errors.
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Profit and loss
Mr. Patil started a poultry business with 102 birds with an initial investment of Rs. 5,000. In the first month, 7 birds died and expenses totaled Rs. 2,040. With 95 remaining birds averaging 1.8 kg each and selling at Rs. 15/kg, sales totaled Rs. 2,565. By subtracting expenses from sales, Mr. Patil made a profit of Rs. 525 in the first month. In a second scenario where 40 birds died instead of 7, students are assigned to recalculate the profit or loss.
Profit and loss for class 6
This slide show is particular for CBSE/NCERT [grade 5-6] for understanding the concept of profit and loss.
Percentage,profit and loss
This document discusses key concepts related to percentages, profit, loss, and discounts. It provides examples of calculating percentages of quantities, converting fractions to percentages, and percentages to decimals. It also demonstrates how to calculate profit and loss amounts based on cost price and selling price. Examples are given for calculating profit percentage, loss percentage, and determining selling price given cost price and profit percentage. The document also defines discounts and provides an example of calculating the actual cost of an article to a dealer given the marked price, discount percentage, and profit percentage made.
Profit and loss
Miss Tami bought a shirt for Rp 50,000 and sold it for Rp 75,000, making a profit. Miss Tina's shirt was broken so she sold it for Rp 40,000, at a loss since she bought it for Rp 50,000. The document also defines profit as a selling price higher than the buying price, and loss as a lower selling price. It provides formulas to calculate profit/loss amounts and percentages. As an example, it says Mrs. Eka bought a dozen pens for Rp 18,000 and sold each for Rp 2,250, so she would make a profit or loss based on the totals.
Quantitative Aptitude - Profit & Loss
This document defines key terms used in profit and loss calculations such as cost price, selling price, profit, loss, profit percentage, loss percentage, and how to calculate profit, selling price when given cost price and profit percentage. It also defines marked price, mark up percentage, how to calculate marked price from cost price and mark up percentage. Finally, it defines discount, discount percentage and how to calculate selling price when given marked price and discount percentage.
11. profit & loss
The document provides information on profit and loss concepts. It defines key terms like cost price, selling price, profit, gain and loss. It provides formulas to calculate gain, loss, gain/loss percentage. It also includes solved examples like calculating profit/loss percentage when an item is bought and sold at different prices, finding cost price or selling price when other details are given.
Percentage & profit and loss
quantitative aptitude, maths
applicable to
Common Aptitude Test (CAT)
Bank Competitive Exam
UPSC Competitive Exams
SSC Competitive Exams
Defence Competitive Exams
L.I.C/ G. I.C Competitive Exams
Railway Competitive Exam
University Grants Commission (UGC)
Career Aptitude Test (IT Companies) and etc.
Rectification of Error
This document discusses various types of accounting errors and how to rectify them. It begins by explaining the need to rectify errors, whether innocent or intentional, by passing rectification journal entries. It then categorizes errors into those that do not affect the trial balance, such as errors of omission, principle, or recording to the wrong account, and those that do affect the trial balance, such as errors in posting, account balances, or preparing the trial balance. For each type of error, examples are provided and the rectifying journal entry is shown. The document emphasizes the principles of "undoing what is wrong" and "doing what is correct" to rectify accounting errors.
Excel short cuts
This document provides an overview of keyboard shortcuts in Excel for navigating worksheets, entering and editing data, formatting cells, inserting formulas and functions, and other tasks. Some key shortcuts include: CTRL-Page Up/Down to switch between worksheets; F2 to edit cells; CTRL-C and CTRL-V to copy and paste; F4 to anchor cells for absolute references; CTRL-; to insert the current date; and ALT-0162 to insert the cent symbol. The shortcuts allow efficient navigation, data entry, formatting, and formula calculation in Excel.
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Excel short cuts
This document provides an overview of keyboard shortcuts in Excel for navigating worksheets, entering and editing data, formatting cells, inserting formulas and functions, and other tasks. Some key shortcuts include: CTRL-Page Up/Down to switch between worksheets; F2 to edit cells; CTRL-C and CTRL-V to copy and paste; F4 to anchor cells for absolute references; CTRL-; to insert the current date; and ALT-0162 to insert the cent symbol. The shortcuts allow efficient navigation, data entry, formatting, and formula calculation in Excel.