← Aptitude for placements
Lesson 2 of 5
Profit and loss
Watch, read the card, then practise. Profit and loss percent · Discounts
The video for this lesson is being recorded.
Meanwhile, the notes below and the 60-second cards cover the same ideas.
Practise this topicProfit and loss percent
Profit or loss percent is always worked out on the cost price (CP).
Remember: Percent of the cost price, not the selling price.
Discounts
A discount is worked out on the marked price (MP), the price on the tag.
Remember: Successive discounts multiply; they don't add.