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Profit loss and discount problems

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One of the important roles of an organization is to ensure the overall performance based on profit as it is the only factor for organization's sustainability.so profit and loss problems have a great role in quantative aptitude. In general,profit can be defined as the financial gain and loss can be defined as the amount lost. There are few more terms which one should learn  Cost Price(C.P): Amount incurred for purchasing/manufacturing the product. Selling Price(S.P): Gained amount in process of selling the product.