{"id":7527,"date":"2017-07-05T11:21:58","date_gmt":"2017-07-05T05:51:58","guid":{"rendered":"http:\/\/race4job.com\/blog\/?p=7527"},"modified":"2017-07-05T18:24:35","modified_gmt":"2017-07-05T12:54:35","slug":"basic-concepts-of-maths","status":"publish","type":"post","link":"https:\/\/www.race4job.com\/blog\/basic-concepts-of-maths\/","title":{"rendered":"Basic concepts of Maths"},"content":{"rendered":"

Profit and Loss<\/span><\/p>\n

Profit amount=Sale price\u2212Cost price<\/span><\/span><\/p>\n

When the Profit amount is expressed as a percentage, the Percentage reference value is the Cost price, that is,<\/span><\/p>\n

Profit percentage<\/span>=Profit amount\u00d7100Cost price\/Cost price.<\/span><\/p>\n

When Sale price is less than the Cost price, a loss is incurred with the loss as,<\/span><\/p>\n

Loss amount<\/span>=Cost price\u2212Sale price<\/span><\/p>\n

When the Loss amount is expressed as a percentage, the Percentage reference value again is the Cost price, that is,<\/span><\/p>\n

Loss percentage<\/span>=Loss amount\u00d7100Cost price\/Cost price.<\/p>\n

The Discount percentage, if any, is applied as a percentage on the Percentage reference value of Marked price, to obtain the Discount amount.<\/span><\/p>\n

The Marked price is then reduced by the Discount amount to obtain the Sale price.<\/span><\/p>\n

These are briefly the basic concepts in the topic area of Competitive test Profit an loss. The concepts are apparently simple.<\/span><\/p>\n

Percentage<\/span><\/p>\n

What is percentage:<\/span><\/p>\n

The word percent can be understood as follows:<\/span><\/p>\n

Per cent =><\/span> for every 100.<\/p>\n

So, when percentage is calculated for any value, it means that that you calculate the value for every 100 of the reference value<\/span><\/p>\n

Why Percentages:<\/span><\/p>\n

Percentage is a concept evolved so that there can be a uniform platform for comparison of various things. (Since each value is taken to a common platform of 100.)<\/span><\/p>\n

Basic tips for faster calculations:<\/span><\/p>\n

Calculation of Percentage:<\/span><\/p>\n

Percentage =<\/span> (Value \/ Total value) X 100<\/span><\/p>\n

Calculation of Value:<\/span><\/p>\n

Value =<\/span> (Percentage\/100) X total value<\/span><\/p>\n

Percent change:<\/span><\/p>\n

A change can be of two types \u2013 an increase or a decrease.<\/span><\/p>\n

Percentage Difference:<\/span><\/p>\n

% Difference =<\/span> (Difference between values\/value compared with) X 100.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Profit and Loss Profit amount=Sale price\u2212Cost price When the Profit amount is expressed as a percentage, the Percentage reference value is the Cost price, that is, Profit percentage=Profit amount\u00d7100Cost price\/Cost price. When Sale price is less than the Cost price, a loss is incurred with the loss as, Loss amount=Cost price\u2212Sale price When the Loss […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7527","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t