CAT (cloned) / Profit and Loss, Discount
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In profit and loss calculations, what is the fundamental relationship between cost price (CP), selling price (SP), and profit/loss percentage?
What is the difference between a discount and a loss in profit and loss problems?
If an item's cost price is CP and the desired profit percentage is P%, what is the formula to calculate the selling price (SP) without any discount?
How do you calculate the marked price (MP) if you know the cost price (CP) and the desired profit percentage, before applying any discount?
An article is sold after a discount of d% on the marked price (MP). What is the key equation relating cost price (CP), selling price (SP), profit/loss, and discount?
In faulty weight problems, a seller uses a scale that shows 900g for every 1kg. If he sells at cost price, what is his effective profit percentage?
Two items are sold at the same selling price (SP), one at a profit of x% and the other at a loss of x%. What is the overall outcome?
An item is bought and sold twice. For the first transaction, CP1 = 100, sold at 20% profit. For the second, it is bought again and sold at 10% loss. How do you find the overall profit/loss?
What is a key strategy for solving CAT problems where you need to find CP when SP and profit/loss % are given after a discount?
When comparing a single flat discount versus two successive discounts, how can you determine which gives a lower final price?
For Data Sufficiency questions in profit/loss, what is generally needed to find the profit percentage?
What is a key mental math shortcut for calculating the net effect of two successive discounts, a% and b%?
According to CAT time strategy, when should you consider skipping a profit and loss problem?
Why is it useful to memorize common percentage-to-fraction equivalents for CAT profit and loss problems?
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