Profit and Loss Calculations

The video tutorial by Kak Titi covers the topic of social arithmetic, focusing on understanding and calculating profit and loss. It begins with an introduction to the relevance of social arithmetic in daily life, such as in shopping and trading. The tutorial explains the concepts of profit and loss, providing methods to calculate them. Several example problems are solved to illustrate these concepts, including scenarios with different units and conditions. The video concludes with advanced problem-solving exercises, encouraging viewers to apply the learned concepts.

What is social arithmetic primarily concerned with?

• Calculating interest rates

• Understanding profit and loss in transactions

• Analyzing statistical data

• Measuring distances

When do we experience a profit in a transaction?

• When the buying price is higher than the selling price

• When the selling price is higher than the buying price

• When the buying and selling prices are equal

• When there is no transaction

How do you calculate profit?

• Selling price minus buying price

• Buying price minus selling price

• Selling price plus buying price

• Buying price plus selling price

What indicates a loss in a transaction?

• Selling price equals buying price

• No transaction occurs

• Selling price is more than buying price

• Selling price is less than buying price

How is loss calculated?

• Buying price minus selling price

• Selling price minus buying price

• Buying price plus selling price

• Selling price plus buying price

In the example where a pencil is sold per piece, what is the first step to determine profit or loss?

• Calculate the total buying price

• Convert the selling price to the same unit as the buying price

• Subtract the buying price from the selling price

• Add the buying price to the selling price

If a trader buys 50 cakes at 1300 each and sells them for a total of 90,000, what is the profit?

• 25,000

• 20,000

• 15,000

• 30,000

How do you find the selling price if the profit per item is known?

• Subtract the profit from the buying price

• Add the profit to the buying price

• Divide the profit by the buying price

• Multiply the profit by the buying price

What is the total selling price if a dozen items are bought at 140,000 and sold with a profit of 1,500 per item?

• 158,000

• 155,000

• 150,000

• 160,000

If a seller incurs a loss of 42,000 after selling 25 fish for 450,000, what was the buying price?

• 450,000

• 492,000

• 470,000

• 500,000