In this section, you will learn some shortcuts which will be much useful to solve problems on profit and loss.
Using the shortcuts given in this section, you can solve any word problem on profit and loss easily.
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%
Then,
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%
Then,
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,
Apart from the stuff given in this section, if you need any other stuff in math, please use our google custom search here.
Kindly mail your feedback to v4formath@gmail.com
We always appreciate your feedback.
WORD PROBLEMS
Word problems on simple equations
Word problems on linear equations
Word problems on quadratic equations
Area and perimeter word problems
Word problems on direct variation and inverse variation
Word problems on comparing rates
Converting customary units word problems
Converting metric units word problems
Word problems on simple interest
Word problems on compound interest
Word problems on types of angles
Complementary and supplementary angles word problems
Markup and markdown word problems
Word problems on mixed fractions
One step equation word problems
Linear inequalities word problems
Ratio and proportion word problems
Word problems on sets and Venn diagrams
Pythagorean theorem word problems
Percent of a number word problems
Word problems on constant speed
Word problems on average speed
Word problems on sum of the angles of a triangle is 180 degree
OTHER TOPICS
Time, speed and distance shortcuts
Ratio and proportion shortcuts
Domain and range of rational functions
Domain and range of rational functions with holes
Graphing rational functions with holes
Converting repeating decimals in to fractions
Decimal representation of rational numbers
Finding square root using long division
L.C.M method to solve time and work problems
Translating the word problems in to algebraic expressions
Remainder when 2 power 256 is divided by 17
Remainder when 17 power 23 is divided by 16
Sum of all three digit numbers divisible by 6
Sum of all three digit numbers divisible by 7
Sum of all three digit numbers divisible by 8
Sum of all three digit numbers formed using 1, 3, 4
Sum of all three four digit numbers formed with non zero digits
Sum of all three four digit numbers formed using 0, 1, 2, 3
Sum of all three four digit numbers formed using 1, 2, 5, 6
©All rights reserved. onlinemath4all.com
May 23, 22 01:59 AM
Exponential vs Linear Growth Worksheet
May 23, 22 01:59 AM
Linear vs Exponential Growth - Concept - Examples
May 23, 22 01:34 AM
SAT Math Questions on Exponential vs Linear Growth