Navodaya Vidyalaya - Profit & Loss - Multiple Choice Questions (MCQ) on Mathematics
Dear Readers, Welcome to Quantitative Aptitude Profit & Loss questions and answers with explanation. These Average solved examples with shortcuts and tricks will help you learn and practice for your Placement Test, competitive exams and entrance exam like Bank PO, IBPS PO, SBI PO, RRB PO, RBI Assistant, LIC,SSC, MBA - MAT, XAT, CAT, NMAT, UPSC, NET, Super 100 Haryana, Buniyaad Scheme Haryana, Super 100 NDA, Jawahar Navodaya Vidyalaya, MP Super 100, Super 100 Bhopal, NTSE etc.
Jawahar Navodaya Vidyalaya Entrance Exam Preparation
By learning through our online math's classes for Navodaya Vidyalaya classes, you will be able to crack your Jawahar Navodaya Vidyalaya Entrance Exams easily.
We provide all the exam, math's formula, math's important questions, notes, PDF, exam preparation, Navodaya Vidyalaya registration, JNVST online classes, books, math's book, math's, preparation modal paper, and all types of courses of the scheme called Navodaya vidyalaya simiti. Daily maths quizzes on Jawahar Navodaya Vidyalaya.
After practicing these tricky Average multiple choice questions, you will be exam ready to deal with any objective type questions.
Introduction( Profit & Loss )
Every company and business works on the fundamental concept of profit and loss. It is very important to familiarize yourself with profit and loss, not only to run a business or company but also to keep an account of your own expenditure. Money is actually a tricky concept to explain to kids without giving them an opportunity to get hands-on experience. Parents often take their kids to the supermarket to make them learn about the price marked on every good and the calculation of total price. Later, kids come across the concept of discount on the cost price and the concept of comparing prices before purchasing. Comparing prices is also a form of profit and loss as you learn to save money by buying the same good at a comparatively lesser price.
The term 'Profit and Loss' is a concept developed from various applications to real-life problems which take place in our lives almost every day. When a good is re-purchased at a greater price then a profit is incurred. Similarly, if the good is repurchased at a lesser price then there is a loss.
Terms related to Profit and Loss
We have come across the word profit and loss many times. Profit stands for gain, advantage or benefit whereas loss is the opposite of profit that involves expenditure as compared to gain.
Cost Price (CP): It is the amount at which a product is purchased. Sometimes it also includes overhead expenses, transportation cost, etc. For example, you bought a refrigerator at Rs 10,000 and spent Rs 2000 for transportation and Rs 500 for set up. So the total cost price is the sum of all the expenditure done, that is, Rs 12,500.
Selling Price (SP): It is the amount at which a product is sold. It may be more than, equal to or less than the cost price of the product. For example, if a shopkeeper bought a chair at Rs 500 and sold it at Rs 600, then the cost price of the chair is Rs 500 and the selling price of the chair is Rs 600.
Profit (P): If a product is sold at a price more than its cost price then the seller makes a profit. For example, a plot was purchased at Rs 50,000 and three years later it was sold at Rs 1,50,000 then there is a profit of 1 lakh.
Loss (L): If a product is sold at a price less than its cost price then the seller makes a loss.
For example, a phone is bought at Rs 20,000 and a year later it was sold for Rs 12,000 then the seller made a loss of Rs 8000.
Profit Percent (P%): It is the percentage of profit on the cost price.
Loss Percent (L%): It is the percentage of loss on the cost price.
About Navodaya Vidyalaya School
Navodaya Vidyalaya, also known as Jawahar Navodaya Vidyalaya (JNV), is a unique educational institution in India. It is a system of residential schools established by the Navodaya Vidyalaya Samiti, an autonomous organization under the Ministry of Education, Government of India.
The primary objective of Navodaya Vidyalayas is to provide quality education to talented and meritorious rural children from all over the country, especially from economically disadvantaged backgrounds. These schools aim to bridge the urban-rural divide in education by providing equal opportunities for students from rural areas to access excellent education facilities.
Navodaya Vidyalayas follow the CBSE curriculum and offer education from Class VI to Class XII. The schools have a holistic approach to education, focusing not only on academic excellence but also on the overall development of the students. They provide a nurturing environment that encourages students to develop their talents and interests in various fields, including sports, arts, and cultural activities.
One unique aspect of Navodaya Vidyalayas is that they are fully residential schools. The students reside on the campus, which promotes a strong sense of community and provides a conducive environment for learning and personal growth. The schools have well-equipped classrooms, libraries, laboratories, sports facilities, and hostels to cater to the educational and residential needs of the students.
Admission to Navodaya Vidyalayas is highly competitive and based on a national-level entrance examination called the Jawahar Navodaya Vidyalaya Selection Test (JNVST). The selected students receive free education, including textbooks, uniforms, and accommodation, ensuring that financial constraints do not hinder their educational journey.
Navodaya Vidyalayas have been successful in empowering students from rural areas and bringing out their full potential. Many students from these schools have excelled academically and have gone on to pursue higher education in prestigious institutions. The schools have made a significant contribution to the educational landscape of India by providing quality education and empowering the rural youth.
In summary, Navodaya Vidyalaya is a network of residential schools in India that offers quality education to talented rural students. It focuses on academic excellence, overall development, and equal opportunities for students from economically disadvantaged backgrounds. The schools aim to bridge the urban-rural divide in education and have been successful in nurturing young minds and empowering them to achieve their dreams.
コメント