Profit and Loss Shortcut Tricks

Profit and Loss Shortcut Tricks

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.

First of all do a practice set on math of any exam. Then find out twenty math problems related to this topic and write those on a paper. Do first ten maths using basic formula of this math topic. You also need to keep track of timing. After finish write down total time taken by you to solve those ten maths. Now go through our page for profit and loss shortcut trick. After doing this go back to the remaining ten questions and solve those using shortcut methods. Again keep track of timing. This time you will surely see improvement in your timing. But this is not all you want. If you need to improve your timing more then you need to practice more.

Math section in a competitive exam is the most important part of the exam. It doesn’t mean that other topics are not so important. But if you need a good score in exam then you have to score good in maths. A good score comes with practice and practice. You should do your math problems within time with correctness, and this can be achieved only by using shortcut tricks. Again it does not mean that you can’t do maths without using shortcut tricks. You may do math problems within time without using any shortcut tricks. You may have that potential. But so many other people may not do the same. Here we prepared profit and loss shortcut tricks for those people. Here in this page we try to put all types of shortcut tricks on Profit and Loss. But we may miss few of them. If you know anything else rather than this please do share with us. Your help will help others.

 

Profit and Loss Shortcut tricks:
Before going to chapter we are follow some important facts and formule 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 .

 


C P( Cost Price ):
The Price at which an article is purchased, is called its cost price or In shot called C P.
Cost price is amount of money goes out from us when purchase any article.

SP( Selling Price ):
The price at which an 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.


Profit or Gain:
If S.P. is greater than C.P, then seller is said to have a profit or gain.


Loss:
If S.P. is less than C.P., the seller said to have a loss.


Marked Price :
When we purchase any item we saw the label price or marked Price or listed Price and denoted by MP.

 


Some important formulas:

1.Selling price is greater then cost price is called Gain.
Gain = (S.P) – (C.P)
15% Profit on article that means,
Cost price 100%
Selling Price 115%
Profit 15%

2.If Cost price is  greater 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 ).

 

Here is some profit and loss shortcut tricks sub link of Examples which help you better understanding.


Different types of Profit and Loss Shortcut Tricks

 

We provide few tricks on Profit and Loss. Please visit this page to get updates on more Math Shortcut Tricks. You can also like our facebook page to get updates.

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