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 math 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 math. 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 math. 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 math 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.
Now we will discuss some basic ideas of Profit and Loss. On the basis of these ideas we will learn trick and tips of shortcut profit and loss. If you think that how to solve profit and loss questions using profit and loss shortcut tricks, then further studies will help you to do so.
Profit and Loss Shortcut tricks:
Before going to chapter we are follow some important facts and formula 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 particular item or article is purchased, is called its cost price or In short called C P. Cost price is amount of money goes out from us when purchase any article or any particular item.
SP ( Selling Price ):
The price at which an particular item or 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 ( Selling Price ) of an item is more than C.P ( Cost Price ), then vendor is said to have a profit or gain.
Loss:
If S.P ( Selling Price ) of an item is less than C.P ( Cost Price ), the vendor said to have a loss.
Marked Price :
When we purchase any item we saw the label on it as price or marked Price and that is said to be MP ( Marked Price ).
Some important formulas:
Selling price is more then cost price is called Gain.
Gain = (S.P) – (C.P)
15% Profit on item that means,
Cost price 100%
Selling Price 115%
Profit 15%
If Cost price is more 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
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