Profit and loss formulas and shortcuts for ibps,sbi po and clerk
Cost price(C.P)is the price at which a particular article is bought.
Basic formulas for profit and loss
Profit=S.P - C.P
Loss =C.P- S.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).
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)
- if there are two successive profits (R1% and R2%) obtained on an article then total profit%=(R1+R2+ R1R2/100).
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).
What is the profit/loss %?
Ans: Let P be the percentage of price raised=(10000/500000) * 100 =20%
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.