“The Knowledge Library”

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The Knowledge Library

Part-2 Of Profit and Loss

(Q)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:

Profit and Loss Problem Shortcut Tricks for Bank PO

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.

(Q)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:

Profit and Loss Problem Shortcut Tricks for Bank PO

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.

 

(Q)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

Profit and Loss Problem Shortcut Tricks for Bank PO

100x × (100+20)/100 = Rs 600

120x = Rs 600

         x = 5

∴ C.P= 100x

= 100 × 5

= Rs 500

Step-2

Profit and Loss Problem Shortcut Tricks for Bank PO

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.

(Q)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

Profit and Loss Problem Shortcut Tricks for Bank PO

100x × (100-20)/100 = 720

80x = 720

∴ x = 720/80 = 9

C.P= 100x => 100×9=Rs 900

Step-2

Profit and Loss Problem Shortcut Tricks for Bank PO

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%

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

= Rs(720 × 85)/80

= Rs 765 Ans.

(Q)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:

Profit and Loss Problem Shortcut Tricks for Bank PO

100x × (100-30)/100 = 140

70x = 140

x= 2

∴ C.P= 100x => 100×2 = Rs 200

Step-2:

Profit and Loss Problem Shortcut Tricks for Bank PO

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

(Q)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:

Profit and Loss Problem Shortcut Tricks for Bank PO

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.

(Q)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

Profit and Loss Problem Shortcut Tricks for Bank PO

100x × (100-25)/100 = 720

75x = 720

∴ x = 720/75

C.P = 100x

= 100 × (720/75)

= Rs. 960

Step-2

Profit and Loss Problem Shortcut Tricks for Bank PO

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.

 

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