Profit and Loss Shortcuts Tricks Pdf :
In this section, we will learn some shortcuts which will be much useful to solve problems on profit and loss. Using the shortcuts given in this section and pdf document, we can solve any word problem on profit and loss.
To download profit and loss shortcuts as pdf document,
Shortcut 1 :
Cost price and marked up percentage are given.
Cost price = C.P, Profit percentage = m%
Selling price (S.P) = (100 + m)% ⋅ C.P
Shortcut 2 :
List price and marked down percentage are given.
List price = L.P, Marked down percentage = m%
Selling price (S.P) = (100 - m)% ⋅ L.P
Shortcut 3 :
Profit = S.P - C.P
Loss = C.P - S.P
Shortcut 4 :
Cost price and Profit are given.
Cost price = C.P, Profit = K
Shortcut 5 :
Cost price and Loss are given
Cost price = C.P, Loss = K
Shortcut 6 :
Selling price and profit percentage are given.
How to find cost price ?
Use shortcut 1 and solve for C.P
Shortcut 7 :
Selling price and loss percentage are given.
How to find cost price ?
Use shortcut 2 and solve for C.P
Shortcut 8 :
Marked Price : It is the price before discount given
Selling price = Marked price - Discount value
Shortcut 9 :
Marked price = M.P, Discount percentage = D%
Then, the discount value is
= D% ⋅ M.P
Selling price is
= (100 - D)% ⋅ M.P
Shortcut 10 :
Marked price (M.P) and discount value are given.
Then shortcut to find the discount percentage is,
Shortcut 11 :
Retailer using false weight :
A trader cheats his customer to make a profit by stating that he sells at cost price. But he gives his customer less than 1000 grams (false weight) for every 1 kilogram.
Then, the profit percentage is
Shortcut 12 :
Shortcut 13 :
Here we have have listed out all the shortcuts which are required to solve profit and loss problems. Students can solve any word problem on profit and loss using the shortcuts which have been explained above.
Do you need the shortcuts explained above as pdf document?
Apart from the shortcuts explained above, if you would like to have practice problems on profit and loss,
After having gone through the stuff given above, we hope that the students will be able to solve any kind of word problem on profit and loss.
Apart from the stuff given in this section, if you need any other stuff in math, please use our google custom search here.
You can also visit our following web pages on different stuff in math.
APTITUDE TESTS ONLINE
ACT MATH ONLINE TEST
TRANSFORMATIONS OF FUNCTIONS
ORDER OF OPERATIONS
Customary units worksheet
Integers and absolute value worksheets
Nature of the roots of a quadratic equation worksheets
Point of intersection
MATH FOR KIDS
Word problems on linear equations
Trigonometry word problems
Word problems on mixed fractrions
Converting repeating decimals in to fractions