Important Profit and Loss Problem Shortcut Tricks Bank PO SSC Railway Exam Type-2

Last updated on March 7th, 2021 at 10:23 am

Profit and Loss Problem Shortcut Tricks for Bank PO SSC Railway Exam Type-2

In Profit And Loss Type-2 And Type-2.1, I am going to discuss some important Profit And Loss Problem Shortcut Tricks For Bank PO, SSC CGL, SSC CHSL, Railway Exam.

The common and frequently asked a question of Profit and Loss Problem Shortcut Tricks for Bank PO, SSC CGL, SSC CHSL, Railway Exam Type-2.

For Example:

(Q1)If a man were to sell his chair for Rs. 720, he would loss 25%.To gain 25% he would sell it for.

Solution:

Step-1

100x × (100-25)/100 = 720

75x = 720

∴ x = 720/75

C.P = 100x

= 100 × (720/75)

= Rs. 960

Step-2

960 × (100+25)/100 = S.P

960 × (125/100) = S.P

S.P = Rs. 1200 Ans.

BY TRICK:

Desire Gain(D Gain)= 25%

Loss= 25%

S.P= Rs(720×(100+D Gain))/(100-loss)

= Rs(720 × 125)/75

= Rs. 1200 Ans.

(Q2)By selling an article for Rs 600 a man gains 20%. At what price should he have sold it to gain 15%?

Solution:

Step-1

100x × (100+20)/100 = Rs 600

120x = Rs 600

         x = 5

∴ C.P= 100x

= 100 × 5

= Rs 500

Step-2

500 × (100+15)/100 = S.P

S.P= Rs 575 Ans.

BY TRICK:

Desire Gain(D Gain)= 15%

Normal Gain= 20%

S.P= Rs(600×(100+D Gain))/(100+Gain)

= Rs(600 × 115)/120

= Rs. 575 Ans.

(Q3)By selling an article for Rs 720 a man loss 20%. At what price should he have sold it to loss 15%?

Solution:

Step-1

100x × (100-20)/100 = 720

80x = 720

∴ x = 720/80 = 9

C.P= 100x => 100×9=Rs 900

Step-2

900 × (100-15)/100 = S.P

900 × (85/100) = S.P

S.P= Rs 765 Ans.

BY TRICK:

Desire Loss(D Loss)=15%

Loss = 20%

S.P= Rs(720 × (100-D Loss))/(100-Loss)

= Rs(720 × 85)/80

= Rs 765 Ans.

(Q4)By selling 80 ball pens for Rs 140 a retailer loses 30%. How many ball pens should he sell for Rs 104 so as to make a profit of 30%?

Solution:

Step-1:

100x × (100-30)/100 = 140

70x = 140

x= 2

∴ C.P= 100x => 100×2 = Rs 200

Step-2:

200 × (100+30)/100=S.P

S.P= Rs 260

Now,

Rs 260=80 ball pen

∴ Rs 104=(80/260)×104

               =32 ball pens Ans

BY TRICK:

Desire Profit(D-Profit)=30%

Loss= 30%

S.P= Rs(140×(100+D Gain))/(100-loss)

= Rs(140 × 130)/70

= Rs. 260

Now,

Rs 260 = 80 ball pen

∴ Rs 104= (80/260)×104

               = 32 ball pens Ans

The common and frequently asked a question of Profit and Loss Problem Shortcut Tricks for Bank PO, SSC CGL, SSC CHSL, Railway Exam Type-2.1.

(Q1)A man sells a car to his friend at 10% loss. If the friend sells it for Rs 54,000 and gains 20% the original cost price of the car was.

Solution:

Let Original Cost Price or C.P of a Man=100x

100x × ((100-10)/100)×(100+20)/100 = 54000

=>100x × (90/100)×120/100 = 54000

⇒108x = 54000

∴ x = 500

Original C.P= 100x => 100×500

=Rs 50000 Ans.

(Q2)A sold an article to B at the profit of 25%.B sold it to C loss of 10% and C sold it to D at the profit of 20%.If D paid Rs 27 then how much A paid to buy the article.

Solution:

Let C.P of A=100x

100x ×(125/100)×(90/100)×(120/100)= Rs 27

∴ x=(27×100×100×100)/(100×125×90×120)

=0.2

C.P of A = 100x => 100×0.2

=Rs 20 Ans.

(Q3)A sold a horse to B for Rs 4800 by losing 20%.B sells it to C at a price which would have given A a profit of 15% B’s gain is.

Solution:

Let C.P of A=100x

100x × (80/100) = 4800

80x = 4800

∴ x = 60

C.P of A=100x => 100 × 60

=Rs 6000

Now,

6000 × (115/100) = S.P of A

S.P of A(i.e C.P Of C) = 6900

Gain of B = 6900 – 4800

= Rs 2100 Ans.

Profit and Loss Problem Shortcut Tricks for Bank PO, SSC CGL, SSC CHSL, Railway Exam Type-1.In this type, I have already shared a Profit and Loss Problem Shortcut Tricks, Basic concept and frequently asked question if you have not read that yet, you should read it the right way here is the link.

Profit and Loss Problem Shortcut Tricks Type-1

If you have any queries regarding this topic fell free to ask me in the comments below.

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