In the Quantitative Aptitude section, questions from the topic of Profit & Loss section are often asked in competitive exams such as- SEBI Grade A, SBI PO, SBI Clerk, IBPS PO, IBPS Clerk, RBI Grade B, RBI Assistant, ECGC PO, IBPS SO, and many more.
Profit & Loss calculations are also commonly tested in competitive exams, where they are used to assess an individual's ability to analyze financial data and make decisions based on that data. Furthermore, Profit & Loss questions form a part of the Data Interpretation MCQ questions as well. Therefore, you should not leave this topic if you are preparing for any of the aforementioned exams.
Profit & Loss (P&L) is a concept in quantitative aptitude that involves determining the cost of goods sold, which includes the cost of raw materials, labor, and overhead expenses, and subtracting it from the revenue generated from the sale of goods. The difference between these two figures is either a profit or a loss.
Profit & Loss (P&L) questions are asked in quantitative aptitude for several reasons: