Profit and Loss Shortcut Tricks with Formula Explanation. Profit and Loss is kind of psychometric Aptitude Preparation in quantitative aptitude. P&L questions regularly asks on several competition examinations since long time. actually Profit & Loss Formula is easy to understand if you are commerce students. for others tricks and shortcuts required to crack Profit and Loss questions with perfect answers.
Profit = SP - CP
Loss = CP - SP
Profit Percentage= (Profit*100)/CP
Loss Percentage= (Loss*100)/CP
SP = {(100+Profit Percentage))/100}*CP
A pair of Books was bought for Rs. 40 at a discount of 20%. What must be the marked price of each of the Books?
Let's calculate, A pair of books price is 40rs so book price will be 20rs each.
Marked Price = X
so, 80% of X = 20
= X = 20*100/80 = 2000/80 = 25 is right answer.
Believe, if you have enough practice in profit and loss, you don't need to remember this tricks because its so easy to be calculated.
A Book keeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is?
Let's assume cost price = 100rs
Marked Price is = 135rs
Selling price is = 108rs
Discount = 135-108 = 27rs
so we have to find discount in percentage lets apply math rule here. if 27 is for 100 then what is for 135?
27/135*100= 20%
Sunil purchases two books at Rs.300 each. He sold one book 10% gain and other at 10% loss. What is the total loss or gain in percentage?
Ans : no profit no loss
Thanks for reading next part of Profit and Loss in Aptitude Series - 2 will be uploaded soon.
Profit and Loss Formula Tricks Infograph
.png "Profit and Loss") |
| Click to full image |
the above image is info-graphic of Profit and Loss Tricks which can be easily remind and easy to understand. the following short tips for P&L Questions, please note it down below "sutras" for advanced usage in bank and competitive exams.
Loss = CP - SP
Profit Percentage= (Profit*100)/CP
Loss Percentage= (Loss*100)/CP
SP = {(100+Profit Percentage))/100}*CP
How to find Profit Percentage / Loss Percentage
the following image shows how to calculate profit percentage and loss percentage by given values of sums.
How to Find Sell Price in case of loss and profit
the following image shows how to find Sell Price from values of profit / loss and cost price.
The first one is to find Selling price in case of Profit and the second one is to find in case of loss.
Profit and Loss Shortcuts with Explanation
Now, lets look at on Profit and Loss questions which are recently asked on several competition examination such as IBPS, SSC, SBI PO / Clerk.
Questions with Answers :
Let's calculate, A pair of books price is 40rs so book price will be 20rs each.
Marked Price = X
so, 80% of X = 20
= X = 20*100/80 = 2000/80 = 25 is right answer.
Believe, if you have enough practice in profit and loss, you don't need to remember this tricks because its so easy to be calculated.
A Book keeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is?
Let's assume cost price = 100rs
Marked Price is = 135rs
Selling price is = 108rs
Discount = 135-108 = 27rs
so we have to find discount in percentage lets apply math rule here. if 27 is for 100 then what is for 135?
27/135*100= 20%
Sunil purchases two books at Rs.300 each. He sold one book 10% gain and other at 10% loss. What is the total loss or gain in percentage?
Ans : no profit no loss
Thanks for reading next part of Profit and Loss in Aptitude Series - 2 will be uploaded soon.
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