## Profit and loss formulas and shortcuts for ibps,sbi po and clerk

**Profit and loss problems for bank exam**:In every

**bank exam**,at least 1-2

**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**.

###

Basic formulas for profit and loss

Cost price(C.P)is the price at which a particular article is bought.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 cost price 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%

Hope you will find this article on

**profit and loss shortcut formulas for bank test**useful in upcoming bank exams.

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