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Profit and Loss Short Tricks | 10 Important ट्रिक्स, Basic Concepts PDF

Profit and Loss Tricks

Profit and loss questions play a very important role in scoring good marks in exam. To solve questions based on profit and loss in a very short time, you should know Profit and Loss Short Tricks. Questions related to profit and loss are asked in almost all the exams. If you know important Profit and Loss Tricks, then you can easily do the questions.  Below given are 10 important ट्रिक्स of profit and loss, with the help of which you solve the question easily.

Profit and Loss Basic Concepts

Cost Price: The price at which an item is purchased, it is called the cost price or purchase price of that item.

Selling Price: The price at which an item is sold, it is called the selling price of that item.

Profit: When the selling price of a commodity is more than the cost price of the article, then there is profit on that item.

∴ Profit = Selling Price – Cost Price

Loss: When the cost price of an article is greater than the selling price of the article, then there is a loss on that item.

∴ Loss = Cost Price – Selling Price

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10 Important Profit and Loss Short Tricks

Short Trick 1

If the profit or loss is calculated on S.P, then it is not actual profit or loss. Real profit (loss) % is the profit (loss) % C.P.

Case 1:

By selling an article a shopkeeper earns x% on selling price, then actual profit percent

Example: By selling an article, a shopkeeper earns 20% on selling price. Find his actual profit percent.

Solution:

Here, x = 20%

Case 2:

By selling an article a shopkeeper loss x% on selling price, then actual loss percent

Example: By selling an article a shopkeeper loss 20% on selling price. Find actual loss percent.

Solution:

Here, x = 20%

Short Trick 2

A person sells an item at ‘x%’ loss. If he sells it for ‘A’ Rs. more, he would make a loss of ‘y%’, then

Or

A person sells an item at ‘x%’ loss. If he sells it for ‘A’ Rs. less, he would make a loss of ‘y%’, then

Example:  Mahesh sold a Phone at a loss of 10%. If he had sold it at 5% loss, than he have got 60 Rs. more. What is C.P. of that phone?

Solution:

Short Trick 3

A person sells an item at ‘x%’ profit. If he sells it for ‘A’ Rs. Less, he would make a loss of ‘y%’, then

Or

A person sells an item at ‘x%’ loss. If he sells it for ‘A’ Rs. more, he would make a profit of ‘y%’, then

Example:  A person sold his table at 15% profit. If he sold it for 500 Rs. less than he had a loss of 10%. What is the C.P. of that table?

Solution:

Example:  A shopkeeper sold an article at a 20% loss. If he could sell 200 more, his profit would have been 5%. Find the cost price?

Solution:

Short Trick 4

A person sells an item at ‘x%’ profit. If he sells it for ‘A’ Rs. more, he would make a profit of ‘y%’, then

Or 

A person sells an item at ‘x%’ profit. If he sells it for ‘A’ Rs. less, he would make a profit of ‘y%’, then

Example: A person sells a bag at 15% profit. If he sells it for 200 Rs. more, he would make a profit of 20%, then find the C.P.

Solution:

Check Here – How to Prepare Maths for Competitive Exams

Short Trick 5

If after selling ‘x’ articles profit/loss is equal to SP of ‘y’ articles, then

Example: By selling 18 chocolates, a vendor loses the selling prices of 2 chocolates. Find the loss percent.

Solution:

Example: After selling 72 articles a man earns a profit of S.P of 9 articles. Find the profit percentage?

Solution:

Short Trick 6

If two articles are sold- first article at x% profit and the second article at y% loss, thus making no profit, no loss in the transaction,

Then cost price of the two articles are in the ratio y : x

Example: A man purchased two articles for total cost of Rs. 9000. He sold the first article at 15% profit and the second at 12% loss. In the bargain, he neither gained nor lost anything. Find cost price of the first article.

Solution:

Ratio of cost price of the first and the second article = 12 : 15 = 4: 5

Short Trick 7

On selling an article for Rs. x, a person earns a% profit. In order to earn b% profit, he must sell the article for

Example: On selling an article for Rs. 550, a man gains 10%. What should be the selling price, if desired profit is 20%?

Solution:

Short Trick 8

If on selling an item for ‘X’ Rs., a person gets profit equal to the loss if he sells it for ‘Y’ Rs., than cost price of that item will be

Example: Ajay sells an item for Rs. 2540 and gets profit equal to the loss if he sells it for  Rs. 1850 then find out the C.P. of that item.

Solution:

Also Check – Maths Formulas

Short Trick 9

 If the cost price of ‘m’ articles is equal to selling price of ‘n’ articles, then

If m > n, it is gain % and if m < n, it is loss %.

Example: If the selling price of 60 eggs is equal to the cost price of 75 eggs. What is the profit % of those eggs?

Solution:

Example: If the selling price of a dozen apples is equal to cost price of 9 apples. Find Loss or Gain %.

Solution:

Short Trick 10

If a man purchases ‘a’ items for Rs. b and sells ‘c’ items for Rs. d, then the gain or loss [depending upon the respective (+ve) or (—ve) sign in the final result made by him/her is

Example: A person purchased 11 articles for Rs. 10 and sold 10 articles for Rs. 11. Find the gain percentage.

Solution:

Download PDF – Profit and Loss Short Tricks (लाभ और हानि ट्रिक्स)

Profit and loss question takes time to solve. Almost every candidate waste a lot of time while solving Profit and loss questions in the various competitive exam like SSC, Railway and Bank etc because they face difficulties. So, here on this page we have provided some profit and loss tricks for your better performance.

These 10 important लाभ और हानि ट्रिक्स will really help to make up an overall profit of time in your exams. You can continue your practice with these important profit and loss short tricks to obtain good marks in the examination.

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