Sainik School - Profit & Loss - (MCQ) on Mathematics EXAM PREPARATION
- Shivam Verma
- Jul 19, 2023
- 4 min read
Sainik School - Profit & Loss - (MCQ) on Mathematics EXAM PREPARATION
Dear Readers, Welcome to Quantitative Aptitude #Profit_and_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, Sainik School etc.
By learning through our online math's classes for Sainik School classes, you will be able to crack your Sainik School Entrance Exams easily. We provide all the exam, math's formula, math's important questions, notes, PDF, exam preparation, Sainik School registration, Sainik School online classes, books, math's book, math's, preparation modal paper, and all types of courses of the scheme called Sainik School. Daily math's quizzes on Sainik School. Sainik School Level 1 Enrance Exam Preparation.
After practicing these tricky Average multiple choice questions, you will be exam ready to deal with any objective type questions.
Introduction Profit And 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 SAINIK SCHOOL
Sainik Schools are a unique type of educational institution in India that aim to prepare young students for a career in the armed forces. These schools were established with the objective of providing quality education along with military training to nurture and groom students to become future leaders in the defense services of the country.
Sainik Schools follow a strict and disciplined curriculum that combines academic excellence with physical fitness and character development. The emphasis is not only on academic knowledge but also on inculcating values like patriotism, self-discipline, leadership, and integrity among the students.
The schools admit students in the sixth and ninth grades through a highly competitive entrance examination, which is followed by a rigorous selection process. Once admitted, students undergo a comprehensive training program that includes regular classroom studies, physical training, sports, and extracurricular activities.
The military training component of Sainik Schools includes drills, parade, obstacle courses, weapon training, and leadership camps. This training instills discipline, teamwork, and a sense of responsibility in the students. It also provides them with a glimpse into the life and challenges of the armed forces, helping them make an informed decision about pursuing a career in the defense services.
Apart from the military training, Sainik Schools also focus on providing a strong academic foundation to the students. They follow a well-structured curriculum that covers a wide range of subjects, including mathematics, science, social sciences, languages, and computer education. The schools have highly qualified and experienced teachers who provide quality education and personal attention to each student.
Sainik Schools have a well-developed infrastructure that includes well-equipped classrooms, libraries, laboratories, sports facilities, and hostels. The schools also organize various co-curricular and extracurricular activities, including sports competitions, cultural events, debates, and quizzes, to foster the overall development of the students.
One of the key objectives of Sainik Schools is to create a pool of talented and motivated young individuals who are well-prepared to join the armed forces as officers. However, the education and training provided in these schools also equip students with valuable life skills and qualities that can benefit them in any career they choose.
In summary, Sainik Schools are specialized educational institutions in India that combine academic education with military training. They aim to develop well-rounded individuals who possess a strong academic foundation, physical fitness, and the necessary qualities to serve as leaders in the armed forces or excel in any other field they choose.
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