Profit and Loss Shortcut Tricks and Concept

Profit and Loss shortcut tricks and
concept
As we all know profit and loss question is the very import part of any
competitive exam. Math is not hard to study but we need to score more in less
time so we need shortcut and tricks to solve them. here we discussed the
shortcut tricks with proper explanation. This will not only make you
understand it better but will also let you complete the questions in lesser
time.
Cost Price-The price at which an article is purchased is called its cost price
(C.P.)
Selling Price-The price at which the article is sold is called its selling price
(S.P.)
Loss = C.P. - S.P.
Gain% = {Gain*100}/{C.P.}
Loss% = {Loss*100}/{C.P.}
When there are two successive Profit of x % and y % then the resultant profit
per cent is given by [x + y+ (x*y/100)]
If there is a Profit of x% and loss of y % in a transaction, then the resultant
profit or loss% is given by [x y - (x*y/100)]
If a cost price of m articles is equal to the selling Price of n articles, then Profit
percentage
(m-n)/n100%
If cost price of 'a' articles is equal to the selling price of 'b' articles,
then profit percentage
= (a b)/b 100%
Example If cost price of 20 articles is equal to the selling price of 18
articles, then profit percentage.
Soln. Given that a = 20, b = 18
According to formula,
Profit % = (20 18)/18 100%
= 2/18 100% = 100/9 = 11 1/9 %
If a shopkeeper sells his goods at a% loss on cost price but uses b g
instead of c g. then, his percentage profit or loss is
= [ (100 a) c 100 ]/b %
As sign positive or negative.
Example If a dealer sells goods at 6% loss on cost price but uses 14
g instead of 16 g. what is his percentage profit or loss?
Soln. Given that a = 6%, b = 14 g, C = 16g
According to formula,
Required answer = [ (100 6) 16 100 ] %
14
= ( 752 700 ) /7% = 52/7 % = 7 3/7 % gain

+ve sign shows that there is a gain.
A shopkeeper when sells on object for Rs. 900, then he faces loss which is
equal to half of the profit gained if the object is sold for Rs. 1200. Find cost
price.
C.P. = 900+100 or 1200 - 200
=1000
Aptitude test : percentage shortcuts and

tricks
In this post I describe some of the tricks of percentage calculation .

by a certain percent , we means that many hundredths thus , x percent
means x hundredths written as x%
Fraction value of percentage :

1/2 = 50 %
%
1/3 = 33.33%
1/6 =16.67%
11.11
1/7 = 14.28%
1/4 = 25%
1/8 =12.5%
1/5 = 20
1/9 =
Note :these fraction value helps to minimize the calculation
Formula:
1.
2.
3.
4.
5.
if the price of a commodity increases by R% , then the reduction in

consumption so as not to increase the expenditure is 100*R/(100+R)%.
if the price of a commodity decreases by R% , then the increases n
consumption so as not to decreases the expenditure is 100*R/(100-R)%.
value of machine after n years = p(1-R/100)power n .
if A is R% more than B , then b is less than A by 100*R/(100+R)%.
if A is R% less than B , then b is more than A by 100*R/(100-R)
%.
Example:
1. if 1/5 of a number is 25 less then 1/4 of a same number . what will be 3/2 of
number .
ans.
as you know 1/5 = 20% and 1/4 = 25%
so difference b/w these two is 5% which is equal to 25
then 5% *20 ---- 25*20
100% ----500
and 100% percent is the real value

you can now calculate 3/2 so ans is 750
2. if the numerator of fraction is increase by 20% and denominator is decrease

by 80% then fraction becomes 18/15. what is the actual fraction .
ans .
120% N/20% D = 18/15

then N/D = (18/15 )*20/120
N/D = 1/5 answer
3 . if A's salary 20% less then B's salary then B's salary is how much more then
A.
ans .
suppose B's salary is 100 then A's salary is 80

now you can calculate b's salary in respect to A
( 20/80)* 100 = 25% is answer
4. A number is increased by 12% and again deceased by 18% then how much
change in that value.
formula for this problem % change = (x)+(y)

+x*y/100
Note take the value with symbol , if increase then take '"plus" if decease in
value then take "minus". this formula is applicable for circle , square , triangle
etc
12- 18 - 216/100 = -8.16 decrease is value by 8.16%
TIME AND DISTANCE SHORTCUTS FOR

QUANTITATIVE APTITUDE
TIME AND DISTANCE SHORTCUTS FOR
QUANTITATIVE APTITUDE
Formula:
Distance = Speed x Time
Time = Distance / Speed
Speed = Distance / Time
Point to care:
To convert speed in kmph to m/sec, multiply it with 5/18

To convert speed in m/sec to kmph , multiply it with 18/5.
Example
1. If a men travels from point A to point B with a speed of 'a' and

back to point A (from point B) with a speed of b, then the average
speed of the body is:
2ab/(a+b).
A car covers a certain distance at a speed of 90 km/hr while going
and returns to the starting point at a speed of 60 km/hr. Find the
average speed of the car for the whole journey?
Ans: Average speed = (2 x 90 x 60)/ (60+90)
= 72 km/hr
.
2. If a car does a journey in 'T' hrs, the first half at 'a' km/hr and the
second half at 'b' km/hr. The total distance covered by the car:
(2 x Time x a x b ) / (a +
b).
A motorcar does a journey in 10 hrs, the first half at 21 kmph and
the second half at 24 kmph. Find the distance?
Ans: Distance = (2 x 10 x 21 x 24) / (21+24)
= 10080 / 45
= 224 km.
3.If a person goes from 'A' to 'B' at a speed of 'a' kmph and returns
at a speed of 'b' kmph and takes 'T' hours in all, then the distance
between the A and B:
Total time taken x (Product of the two

Speeds / Addition of the two speeds)
A boy goes to school at a speed of 3 kmph and returns to the village
at a speed of 2 kmph. If he takes 5 hrs in all, what is the distance
between the village and the school?
Ans: Let the required distance be x km.
Then time taken during the first journey = x/3 hr.
and time taken during the second journey = x/2 hr.
x/3 + x/2 = 5 => (2x + 3x) / 6 = 5
=> 5x = 30.
=> x = 6
Required distance = 6 km.
4: Walking of his speed, a person is 10 min late to his office. Find
his usual time to cover the distance?
Ans: Usual time = Late time / {1/ (3/4) - 1)
= 10 / (4/3 -1 )
= 10 / (1/3)
= 30 minutes.
5: Running 4/3 of his usual speed, a person improves his timing by
10 minutes. Find his usual timing by 10 minutes. Find his usual time
to cover the distance?
Ans: Usual time = Improved time / { 1 - (1/ (3/4)}
= 10 / { 1- (3/4) }
= 40 minutes.
6 A train travelling 25 kmph leaves Delhi at 9 a.m. and another train

travelling 35 kmph starts at 2 p.m. in the same direction. How many
km from will they be together ?
Ans: Meeting point's distance from the starting point = [25 x 35 x
(2p.m. - 9 a.m)] / (35 -25)
= (25 x 35x 5) / 10
= 4375 / 10
= 437.5 km .
SBI and IBPS Specialist Officer Questions

and Answers: IT Quiz
1. TELNET is
(1) running complex programs by logging on to supercomputers belonging to
other countries
(2) a telephone call made by the help of Internet
(3) a software to perfect viral attack
(4) All of the above
(5) None of the above
2. Which one of the following computer language is not the procedureoriented language?
(1) C-language
(2) FORTRAN
(3) COBOL
(4) Simula
(5) None of these
3. Which one of the following internet protocol version is the most deployed
internet layer protocol?
(1) IPv2
(2) IPv4
(3) IPv6
(4) IPv8
(5) None of these
4. Which one of the following malware is used in the Internet Relay chart
channel or other chart system to coordinate the activity of many infected
computer?
(1) Keyloggers
(2) Adwares
(3) Dialers
(4) Botnets
(5) None of these
5. Which one of the following rebooting commonly occurs when the system of
computer is crashed?
(1) Soft rebooting
(2) Cold rebooting
(3) Hard rebooting
(4) Random rebooting
6. Which one of the following computers is the worlds first commercial
computer?
(1) Ferranti Mar-I
(2) Mark-I Star
(3) UNIVAC-I
(4) IBM-704
(5) None of these
7. The advantage of a LAN is
(1) sharing peripherals
(2) backing up your data
(3) saving all your data

(4) accessing the web
(5) automatic printing of data
8. A tree like structure of records in a database
(1) hierarchical database structure
(2) relational database structure
(3) multidimensional database structure
(4) sequential database access
9. The memory address of the first element of an array is called
(1) floor address
(2) foundation address
(3) first address
(4) base address
(5) None of these
10. The PHP Syntax is most similar to
(1) PERL and C
(2) Java script
(3) VB script
(4) Visual Basic
(5) None of these
Answers:
1. 1
2. 2
3. 2
4. 4
5. 4
6. 3
7. 1
8. 1
9. 4
10. 1

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Profit and Loss shortcut tricks and

= ( 752 700 ) /7% = 52/7 % = 7 3/7 % gain

C.P. = 900+100 or 1200 - 200

Aptitude test : percentage shortcuts and

In this post I describe some of the tricks of percentage calculation .

Fraction value of percentage :

Note :these fraction value helps to minimize the calculation

if the price of a commodity increases by R% , then the reduction in

then 5% *20 ---- 25*20

and 100% percent is the real value

2. if the numerator of fraction is increase by 20% and denominator is decrease

120% N/20% D = 18/15

suppose B's salary is 100 then A's salary is 80

formula for this problem % change = (x)+(y)

12- 18 - 216/100 = -8.16 decrease is value by 8.16%

TIME AND DISTANCE SHORTCUTS FOR

To convert speed in kmph to m/sec, multiply it with 5/18

1. If a men travels from point A to point B with a speed of 'a' and

Total time taken x (Product of the two

6 A train travelling 25 kmph leaves Delhi at 9 a.m. and another train

SBI and IBPS Specialist Officer Questions

(3) saving all your data

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then 5% 20 ---- 2520