PROFIT & LOSS

Profit and loss   IMPORTANT FACTS Cost Price: The price, at which an article is purchased, is called its cost price, abbreviated as C.P.   Selling Price: The price, at which an article is sold, is called its selling prices, abbreviated as S.P.   Profit or Gain: If S.P. is greater than C.P., the seller is said to have … Read more PROFIT & LOSS

DISCOUNT

Discount   The discount is referred to the reduction in the price of some commodity or service. It may anywhere appear in the distribution channel in the form of modifications in marked price (printed on the item) or in retail price (set by retailer usually by pasting a sticker on the item) or in list price (quoted for the buyer). The discount is provided … Read more DISCOUNT

Important Formulas – Mixtures and Alligations

  Alligation It is the rule which enables us to find the ratio in which two or more ingredients at the given price must be mixed to produce a mixture of a specified price. Mean Price Mean price is the cost price of a unit quantity of the mixture   Suppose a container contains x … Read more Important Formulas – Mixtures and Alligations

FRACTIONS

Fractions Any unit can be divided into any numbers of equal parts, one or more of this parts is called fraction of that unit. e.g. one-forth (1/4), one-third (1/3), three-seventh (3/7) etc. The lower part indicates the number of equal parts into which the unit is divided, is called denominator. The upper part, which indicates the number of … Read more FRACTIONS

PARTNERSHIP

  Partnership : Partnership is an association of two or more parties, they put money for business.         Simple Partnership: Simple partnership is one in which the capitals of the partners are invested for the same time. The profit or losses are divided among the partners in the ratio of their investments. … Read more PARTNERSHIP

CHAIN RULE

  This module will teach you the basics of direct and indirect proportions. These concepts will further help you in time and work questions. Important Formulas – chain rule Direct Proportion Two quantities are said to be directly proportional, if on the increase or decrease of the one, the other increases or decreases the same … Read more CHAIN RULE

RELATIVE SPEEED AND TRAIN QUESTIONS

  Speed has no sense of direction unlike the velocity. Relative speed is the speed of one object as observed from another moving object. Questions on train are the classic examples of relative speed and in all these questions it is assumed that trains move parallel to each other – whether in the same direction … Read more RELATIVE SPEEED AND TRAIN QUESTIONS

CLASSIFICATION LEVEL 1

  Classification involves putting things into a class or group according to particular characteristics so it’s easier to make sense of them, whether you’re organizing your shoes, your stock portfolio, or a group of invertebrates.  From all competitive examination classification is one of the most important topics, this pattern come with lot of questions minimum they … Read more CLASSIFICATION LEVEL 1

PIPES & CISTERN

  Pipes and Cistern   Inlet: A pipe connected with a tank or a cistern or a reservoir, that fills it, is known as an inlet.   Outlet: A pipe connected with a tank or cistern or reservoir, emptying it, is known as an outlet.   If a pipe can fill a tank in xhours, then: … Read more PIPES & CISTERN

TIME & DISTANCE

  In this module we will deal with basic concepts of time and distance, speed, average speed, conversion from km/h to m/s and vice versa. This chapter will form the basis of further concept of relative speed which is used in train and boat problems. Important Formulas Speed=Distance/Time Distance=Speed×Time Time=Distance/Speed To convert Kilometers per Hour(km/hr) … Read more TIME & DISTANCE