SHORTCUT FORMULAS FOR PROFIT AND LOSS QUESTIONS

Dear readers, this time we will be discussing about shortcut formulas for profit and loss questions. Profit and loss questions are asked in mostly all types of examinations including competitive exams and entrance exams. So for qualifying these examinations, we need to solve these question as quickly as possible. Here are a few shortcut formulas for profit and loss. Remember them on your fingertips to make you score more in exams. Here is a Full set of shortcut formulas for profit and loss questions.

Profit = SP-CP
where SP= selling price
CP= cost price

Profit %=(( Profit*100)/CP)%

SP = [(100+Profit%)/100]*CP

Loss = CP-SP

Loss %=((Loss*100)/CP)%

SP = [(100-Loss%)/100]*CP

· A man losses x% when he sells an item for z. if he wants to make a profit of y%, then

SP= ((100+y)z)/(100-x)
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· A man sells two items at the same price P and he make a profit of x on first item and a loss of y on second item, then

Profit/loss %= (100(x-y)-2xy)/(200+x-y)

If the result is +ve, then there is profit % but if the result is negative, then there is loss %.
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· If the selling price of two items is same but one item is sold at x% profit and other is sold at x% loss, then In that case, there is always loss and

Loss %= (x^2)/100

If on selling an item for x, a person gets profit equal to the loss if he sells it for y, then cost price of that item will be CP=(x+y)/2

· If on selling an item for x, a person gets profit equal to the loss if he sells it for y. then if that person wants to make z% profit on that item, then he should sell the item at

SP= ((x+y)(100+z))/200

· If A sells an item on x% profit to B, B sells the item on y% loss to C, C sells the item on z% profit to D for S money. Then selling price of item by A will be

=S{(100/(100+x))(100/(100-y))(100/(100+z))}

If the result comes +, then there is profit.

If the result comes -, then there is loss.

· If a person buys y goods for x and sells y goods for x, then the profit/loss % of that person will be

Profit/loss %= 100(Y^2-x^2)/(x^2) ……………..(x^2 mean x squared)

· If a person buys A goods for B and sells C goods for D, then the profit/loss % will be

· If a person sells an item on cost price but in place of giving 1 kg of item, he gives only 960 grams by using wrong techniques, then the profit % of that person will be

Profit%= (100(actual weight- wrong weight))/wrong weight

· If an item is sold at 10% profit rather that 16% profit and the person who sells it gets 200 (money) less on doing this. Then the cost price of that item will be

CP=(200*100)/(16-10)

· A person sells an item for x% profit. If he sells it for z money more, he would make a profit of y%, then

CP=(100*z)/(y-x)

· If a corrupted shopkeeper makes x% while purchasing an item and y% while selling an item, then his profit %age will be

Profit %age= x+y+(xy/100)

If x=y then

Profit %age= 2x+(x^2/100)

· A dishonest shopkeeper sells an item for 10% profit but he makes a foul by giving that item 20% less by weight. So the profit % he makes will be

Profit %={100(profit % + % less by weight)}/100-% less by weight)

So there is the set of shortcut formulas for profit and loss questions to help you easily solve them.