Find Profit & Loss Percent

Duration: 10 min

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Inside: a video lesson and guided study material.

Module outline

  1. About the course: About the Course
  2. General Knowledge: Polity, Physics, Biology, State Wise GK, Chemistry, History, Geography, GK- Current Affairs, Indian Economy, Static General Knowledge, Environment, Evolution of Indian Banking (Banking & Financial Awareness)
  3. Mental Aptitude and Reasoning: Ratio and Proportion (Ratios), Divisibility Rules, Data Interpretation, Permutation and Combination, Number System, Sequence and Series (Series), Speed Time and Distance, Series (Number and Letter Series) (Numerical Relations and Reasoning), Coding Decoding, Data Sufficiency, Non Verbal Reasoning (Spatial Aptitude) (Spatial Reasoning) (Visual Reasoning), Vocabulary, Profit and Loss, Arithmetic, Mental Ability, Percentage, Algebra, Mensuration and Geometry, Age Problems, Clock, Calendar, Verbal Analogy (Word Based Analogy), Deductive and Inductive Reasoning (Logical Deduction and Induction) (Prepositional Reasoning), Analogy, Analytical Reasoning (Counting Figures Reasoning), Puzzle Solving (Puzzles), Selection Decision Table (Decision Making), Cubes & Dices, Blood Relations, Venn Diagram, Logical Sequence Of Words, Inequality, Directions (Direction Test), Data Arrangement, Facts, Inference and Judgements, Syllogisms, Seating Arrangements, Ranking, Order and Sequence
  4. CS | Computer Fundamentals: Basics of COA, Number System, Number Representation, C Fundamentals, Algorithm Analysis, Input Output Organisation
  5. CS | Database Management System: Basics of DBMS, ER Diagram, Relational Model & Functional Dependencies, Keys & Integrity Constraints, SQL
  6. CS | Workplace productivity Tools: MS Office Applications, Keyboard Shortcuts
  7. CS | Computer Networks: Introduction to CN, Data Communication, Data Link Layer - Ethernet, Net Layer: IPv4 & Proto, Net Layer: IP Addressing, Transport Layer Services, Application Layer, Hardware Basics, Network Security
  8. CS | The Internet: Website, Browser & Services, Internet Fundamentals, Web Design & Development, Web Publishing & Hosting, Server Side & Security, Emerging Technologies
  9. CS | Emerging Technologies: Artificial Intelligence, Emerging Tech Trends, Introduction to OS, Windows OS, Linux OS, Unix OS, JavaScript-Basics
  10. CS | Boolean algebra: Digital Systems & Boolean Basics, Boolean Expression, Boolean Minimization, Logic Gates & Hardware
  11. CS | Data Structures: Introduction to DS, Array, Stack, Queue
  12. CS | Cryptography: Society, Law & Ethics, Cyber Threats and Malware Attacks, Role of Internet and Web Services, Security in Mobile and Wireless Computing, Electronic Data Interchange and E-Commerce, Physical Security and Cryptography Basics, Intrusion Detection Systems (IDS), Cyber Safety and Security
  13. UP Police Previous Year Papers:
  14. UP Police Full Mock Tests:
AI summary & chapters

AI Summary

An AI-generated summary of this video lecture.

This educational video is a tutorial on solving profit and loss problems, presented by a teacher from Knowledge Gate. The video begins with a conceptual image of a balance scale, symbolizing the core idea of balancing profit and loss. The main content consists of two problems. The first problem, presented as a question from the AMCAT exam, involves calculating the new profit or loss percentage when the selling price and quantity change, given an initial 20% loss. The instructor uses a method of equating the cost price (CP) across both scenarios to find the new profit percentage, which is determined to be a 60% loss. The second problem, from an Accenture exam, asks for the number of bananas to be sold at a new price to achieve a 20% profit, given an initial 30% loss. The instructor solves this by first finding the cost price per banana and then calculating the required quantity. The video uses a digital whiteboard for all calculations and includes on-screen text for the questions and branding.

Chapters

  1. 0:00 – 2:00 00:00-02:00

    The video opens with a conceptual image of a white 3D figure standing on a balance scale, with the word "PROFIT" in green on the left side and "LOSS" in red on the right, visually representing the core concept of profit and loss. This transitions to a screen displaying a question from the AMCAT exam: "Dr. Salunkhe of CID encounters 20% loss on selling 50 Corona Vaccine at Rs. 600. Now on selling 80 Vaccines for Rs. 480, what is the loss percent or profit percent?" The instructor, visible in a small window, introduces the problem, which is presented as an important question from the 2019 AMCAT exam. The on-screen text also includes a humorous news headline about Dr. Salunkhe and Neha Dhupia, and a note about a quiz on previous year IT companies at the end of the video.

  2. 2:00 – 5:00 02:00-05:00

    The instructor begins solving the first problem on a digital green chalkboard. He starts by writing the formula for cost price (CP) in terms of selling price (SP) and loss percentage: CP = (SP / (100 - Loss%)) * 100. He then calculates the cost price for the first scenario: CP = (600 / (100 - 20)) * 100 = (600 / 80) * 100 = 750. He then sets up an equation to find the new profit or loss percentage (x) for the second scenario, where 80 vaccines are sold for Rs. 480. The equation is: 750 = (480 / (100 + x)) * 100. He simplifies this to 7.5 = 480 / (100 + x), then 7.5 * (100 + x) = 480, which becomes 750 + 7.5x = 480. Solving for x, he gets 7.5x = -270, and finally x = -36. This indicates a loss of 36%. However, the instructor then re-evaluates the calculation, and the final answer shown on the board is a 60% loss, suggesting a different approach or a correction in the calculation process.

  3. 5:00 – 9:33 05:00-09:33

    The instructor moves to the second problem, which is displayed on screen: "On selling 60 bananas at Rs. 210, a shopkeeper encounters 30% loss. On selling how many bananas at Rs. 180, the shopkeeper will gain 20% profit?" He begins by calculating the cost price (CP) for the first scenario using the formula CP = (SP / (100 - Loss%)) * 100. He calculates CP = (210 / (100 - 30)) * 100 = (210 / 70) * 100 = 300. This is the total cost price for 60 bananas. He then calculates the cost price per banana as 300 / 60 = Rs. 5. To achieve a 20% profit, the selling price (SP) per banana must be CP * (100 + Profit%) / 100 = 5 * 120 / 100 = Rs. 6. The new selling price for the entire lot is given as Rs. 180. Therefore, the number of bananas that can be sold at Rs. 6 each to get Rs. 180 is 180 / 6 = 30. The instructor writes the final answer as 30 bananas. The video concludes with a "THANKS FOR WATCHING" screen.

The video provides a structured, step-by-step tutorial on solving profit and loss problems, a common topic in quantitative aptitude exams. It demonstrates two distinct problem types: one where the cost price is constant and the profit/loss percentage is to be found, and another where the cost price is derived from one scenario to find a required quantity in a different scenario. The core method involves using the fundamental formulas for cost price and selling price, and the instructor emphasizes the importance of setting up correct equations. The progression from a conceptual image to two detailed, worked examples effectively reinforces the application of these formulas in different contexts.

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