###
Quick Formulas and shortcuts for Profit and loss

In every **bank exam**,at least 2-3 questions will be from **profit and loss** section. By understanding few **simple formulas and shortcuts** you can easily score full mark from this section.Here we are sharing some** important formulas and shortcut tricks** to solve **profit and loss problems faster.**

Cost price(C.P)is the price at which a particular article is bought.
Selling price(S.P) is that price at which a particular item is sold.
Profit=S.P - C.P
Loss =C.P- S.P
Profit%=(profit*100)/C.P
Loss%=(loss*100)/C.P
the profit or loss percentage is always calculated based on C.P
- If P sold an article at a profit R1% to Q.Q sold it to R at a profit of R2% and R sold it to S at a profit of R3%.Then money spent by S for buying article C.P of S = C.P of P * (1+ R1/100)(1+ R2/100)(1+ R3/100).

Example:A sells a radio to B at a gain of 10% and B sells to c at a gain of 5%.If C pays Rs.462 for it,what did it cost to A?
C.P of radio to C=C.P of radio to A * (1+10/100)(1+5/100)
=> 462=C.P of radio to A * 110/100 *105/100
=>C.P of radio to A=(462*100*100)/(105*110)
=400
- if there are two successive profits (R1% and R2%) obtained on an article then total profit%=(R1+R2+ R1R2/100).

Example:A dishonest
shopkeeper deceives by 15% at the time of purchase of article and also
15% at the time of sale.Find out the profit percentage
Profit%=15+15+(15*15 / 100)=30 + 225/100 =30+2.25=32.25%.
- If a seller mark P% above costprice and gives a discount of Q%,the final Profit/loss %=P-Q-(PQ/100).

Example:A car costs a dealer Rs.50,000.Dealer raised price by Rs.10,000 and then deducted 4% of new price.
What is the profit/loss %?
Ans: Let P be the percentage of price raised=(10000/500000) * 100 =20%
Discount %=4%
profit %=(20-4- 20*4/100 ) =15.2%
Read more IBPS Quantitative Aptitude Notes
## No comments:

## Post a Comment