#1
23rd September 2014, 12:08 PM
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Profit and Loss Shortcut formulas
Will you please provide the Shortcut formulas for Profit and Loss Questions ?
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#2
23rd September 2014, 02:21 PM
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Re: Profit and Loss Shortcut formulas
Here I am providing the list of few Shortcut formulas for Profit and Loss Questions which you are looking for . Type 1:- If on selling 12 notebooks a seller makes a profit equal to selling price of 4 notebook, what is his profits percentage? a. 16.2/3 b. 25 c. 50 d. None of these Ans:-50 if there is profit on selling item = selling price of an article To find profit %, simply minus 12 from 4= 8 Profit % = 4/8*100=50 Type 2:- The ratio of the cost price and the selling price is 4:5. The profit percent is? a. 10 b. 20 c. 25 d. 30 Ans:- 25 profit is always calculated on cost price so, c.p=4 , s.p=5 Profit=s.p-c.p, 5-4=1 profit %= profit/cost price * 100, then, 1/4*100= 25 Type 3:- A vender loses the selling price of 4 oranges on selling 36 oranges his loss percentage is? a. 10 b. 11.1/9 c. 12.1/2 d. None of these Ans:-10 if there is loss on selling item = selling price of an article to find loss%, simply add 36 to 4 = 40 Loss % = 4/40*100 = 40 Type 4:- Some article were brought of 6 for rs. 5. And sold at 5 for rs. 6. Gain percentage is/ a. 30 b. 33.1/3 c. 35 d. 44 Ans:-44 Type 5:- A vender by selling 12 toffee for a rupee. A man loses 20%. How many for a rupee should he sell to get a gain of 20%? a. 10 b. 20 c. 8 d. 12 Ans:- 8 12 toffee for rs 1 loss 20% then c.p = 1*100/80 = 5/4 on this price we have to gain profit of 20% So, 5/4* 120/100 = 3/2 If for Rs. 2/3 we have 12 toffee then for rs 1 we have = 12x2/3=8 Type 6:- A sell a bicycle of to B at a profit of 20%. B sell it to C at profit of 25%. If C pays rs. 225 for it the cost price of bicycle is? a. 110 b. 120 c. 125 d. 150 Ans:- 150 let cost price be X then, x.120/100 . 125/100= 225 , by solving, then X equal to 150 Type 7:- A shopkeeper professes to sell his goods at cost price but uses a weight of 800gm instead of 1kg. thus he makes a profit of? a. 20% b. 16.2/3 c. 25 d. 50 Ans :- 25 Type 8 :- A shopkeeper cheats to the extents of 10% while buying as well as selling by using false weight his total gain is ? a. 10% b. 11% c. 20% d. 21% Ans :-21% Type 9 :- An article when sold at a gain of 5% yields rs. 15 more than when sold at a loss of 5%. Its cost price would be a. 150 b. 200 c. 250 d. 300 Ans:-150 difference between gain % and loss% equal to 10% then, 10% = rs. 15 100% = rs. 150 , that is your cost price Type 10:- The price of an article has been reduced by 25%. In order to restore the original price the reduced price must be increased by? a. 25% b. 30% c. 33% d. 33.1/3% Ans:-33.1/3% Type 11:- An article was sold at 16% gain. Had it been sold for rs. 200 more, the gain would have been 20% then the cost price of the article is? a. 5000 b. 4800 c. 4500 d. 5200 Ans :- 5000 difference in gain % equal to 200, Then 20%-16%=4% 4%= 200 then, 100%= 5000 that is your cost price of the article |