Shortcut tricks on profit and loss are one of the most important topics in exams. Competitive exams are all about time. If you know how to manage time then you will surely do great in your exam. Most of us skip that part. Few examples on profit and loss shortcuts is given in this page below. All tricks on profit and loss are provided here. Visitors are requested to carefully read all shortcut examples. These examples here will help you to better understand shortcut tricks on profit and loss.
Before going to chapter we are follow some important facts and formula without this we are not able to calculate any profit or loss on any articles using shortcut tricks. when we purchase some item and then sell it we make profit or loss some time it depends on the cost price and selling price of an particular item. This type of problem are given in Quantitative Aptitude which is a very essential paper in banking exam. Under below given some more example for your better practice.
Anything we learn in our school days was basics and that is well enough for passing our school exams. Now the time has come to learn for our competitive exams. For this we need our basics but also we have to learn something new. That’s where shortcut tricks are comes into action .
Some important formulas:
3. Profit and Loss is always calculated on C.P ( Cost Price ).
Anything we learn in our school days was basics and that is well enough for passing our school exams. Now the time has come to learn for our competitive exams. For this we need our basics but also we have to learn something new. That’s where shortcut tricks are comes into action .
- C P ( Cost Price ):
The Price at which an particular item or article is purchased, is called its cost price or In short called C P. Cost price is amount of money goes out from us when purchase any article or any particular item.
Read More… - SP ( Selling Price ):
The price at which an particular item or article is sold, called its selling price or In short called SP.
Selling Price is a amount of money came in when selling by any thing.
Read More… - Profit or Gain:
If S.P ( Selling Price ) of an item is more than C.P ( Cost Price ), then vendor is said to have a profit or gain.
Read More… - Loss:
If S.P ( Selling Price ) of an item is less than C.P ( Cost Price ), the vendor said to have a loss.
Read More…
Some important formulas:
- Selling price is more then cost price is called Gain.
Gain = (S.P) – (C.P)
15% Profit on item that means,
Cost price 100%
Selling Price 115%
Profit 15% - If Cost price is more then Selling price is called Loss.
Loss = ( C.P ) – ( S.P )
15% Loss on article that means,
Cost price 100%
Selling Price 85%
Loss 15%
3. Profit and Loss is always calculated on C.P ( Cost Price ).
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