Profit, Loss and Discounts — Study Plan
CMAT · Quantitative Techniques & Data Interpretation
Step-by-step Profit, Loss and Discounts study plan for CMAT Quantitative Techniques & Data Interpretation 2026 — structured month-wise approach to mastering this chapter.
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A structured approach to studying Profit, Loss and Discounts for CMAT Quantitative Techniques & Data Interpretation.
Study Plan for Profit, Loss and Discounts
Day 1–2: Learn the Theory
Study the chapter thoroughly. Note down definitions, formulas, and key concepts.
Day 3: Practice Problems
Solve practice questions and previous year CMAT problems. There are 51 questions available for this chapter.
Day 4: Revise & Test
Revise key formulas and concepts without looking at notes. Take a practice quiz to test your understanding.
What to Focus On
- Cost Price (CP) is the purchase price or production cost
- Marked Price (MP) is the labeled selling price
- Selling Price (SP) is the actual transaction price
- Percentage Profit = (Profit/CP) × 100
- Percentage Loss = (Loss/CP) × 100
- Percentage Discount = (Discount/MP) × 100
- Successive discounts: Single equivalent = x + y - (xy/100)
- Each discount applies to the already discounted price
- Successive mark-ups follow the same mathematical principle
Common Mistakes to Avoid
When selling price is given with profit/loss percentage, students calculate by directly adding/subtracting the percentage from selling price
Students think successive discounts of x% and y% equal (x + y)% discount
When told 'profit equals cost price of n items', students think profit percentage is n%
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