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Showing posts with label profit and loss formulas and examples. Show all posts
Showing posts with label profit and loss formulas and examples. Show all posts

Friday, 10 July 2015

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 Pice:Cost price(C.P)is the price at which a particular article is bought.
  • Selling Price:Selling price(S.P) is that price at which a particular item is sold.
  • If an article is sold at 40% profit,then S.P=140% 0f C.P
  • If an article is sold at 40% loss, then S.P=60% of 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 
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

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 
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%

  • When a person sells two similar items(Same S.P), one at a profit of x%, and other at a loss of x%, then the seller always incurs a loss given by 
  • If a seller professes to sell an article at C.P , but uses false weights, then

Hope you will find this article on profit and loss shortcut formulas for bank test useful in upcoming bank exams.
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