Find cost price Profit and Loss Shortcut tricks


Find cost price Profit and Loss Shortcut tricks

Shortcut Tricks are very important things in competitive exam. Time is the main factor in competitive exams. If you manage your time then you can do well in those exams. Most of us miss that part. Here in this page we give few examples on Cost price Profit and Loss shortcut tricks. We try to provide all types of shortcut tricks on cost price profit and loss here. Visitors are requested to carefully read all shortcut examples. These examples will help you to understand shortcut tricks on Cost price Profit and Loss.

Before doing anything we recommend you to do a math practice set. Choose any twenty math problems and write it down on a page. Do first ten maths using basic formula of this math topic. You also need to keep track of Timing. After finish write down total time taken by you to solve those ten maths. Now practice our shortcut tricks on cost price profit and loss and read examples carefully. After this do remaining ten questions and apply shortcut formula on those math problems. Again keep track of the time. This time you will surely see improvement in your timing. But this is not all you need. If you need to improve your timing more then you need to practice more.

Math section in a competitive exam is the most important part of the exam. That doesn’t mean that other sections are not so important. But only math portion can leads you to a good score. You can get good score only by practicing more and more. You should do your math problems within time with correctness, and this can be achieved only by using shortcut tricks. But it doesn’t mean that without using shortcut tricks you can’t do any math problems. You may have that potential to do maths within time without using any shortcut tricks. But other peoples may not do the same. For those we prepared this cost price profit and loss shortcut tricks. We always try to put all shortcut methods of the given topic. But it possible we miss any. We appreciate if you share that with us. Your little help will help others.

When we purchase some item and then sell it we make Loss or profit on some time depends on the cost price and selling price of an particular item. We can find the cost Price of an article using this Formula we are follow some important facts and formula without this we are not able to calculate any Loss percent of any articles using shortcut tricks. This type of problem are given in Quantitative Aptitude which is a very essential paper in banking exam. Under below given some more example for your better practice.

 

Findibg Cost Price Profit and Loss Shortcut tricks

Formula

CP = 100 x S.P / ( 100 + Gain% )

CP = 100 x S.P / ( 100 – Loss% )

 


Example #1
Nitin got a profit of 20% by selling an item for Rs.5400/-. What was the cost price of that item?

  1. Rs.4200/-
  2. Rs.4500/-
  3. Rs.4700/-
  4. Rs.5000/-

Show Answer Show How to Solve Open Rough Workspace

Answer: Option (B)
How to Solve
Cost Price = 5400 x 100 / 120 = 4500
Rough Workspace

Example #2
If selling price of an article is Rs.240/- and gain in that is 20%. Find the cost price.

  1. Rs.175/-
  2. Rs.180/-
  3. Rs.190/-
  4. Rs.200/-

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Answer: Option (D)
How to Solve
CP = 100 x 240 / ( 100 + 20 )
= 24000 / 120 = 200
Shortcut Tricks
100 x 240 / 120 = 200
Rough Workspace

Example #3
If selling price of an article is Rs.240/- and loss in that is 20%. Find the cost price.

  1. Rs.300/-
  2. Rs.320/-
  3. Rs.340/-
  4. Rs.350/-

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Answer: Option (A)
How to Solve
CP = 100 x 240 / ( 100 – 20 )
= 24000 / 80 = 300
Shortcut Tricks
100 x 240 / 80 = 300
Rough Workspace

Example #4
Anil sells a mobile to Samir at a profit of 15% and Samir sell it to Tonny at a profit of 20%. If Tonny paid Rs.345/- for it then find the cost price of Anil?

  1. Rs.225/-
  2. Rs.250/-
  3. Rs.280/-
  4. Rs.300/-

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Answer: Option (B)
How to Solve
345 x 100 x 100 / 115 x 120 = 250
Rough Workspace

Example #5
Amit sold few balls for Rs.180/- and he loss 10%. What is the cost price of the balls?

  1. Rs.190/-
  2. Rs.195/-
  3. Rs.200/-
  4. Rs.230/-

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Answer: Option (C)
How to Solve
CP = Rs. 100 x 180 / 90 = 200
Rough Workspace

Example #6
Samar sells an item to Suresh at a profit of 10% and Suresh sells it to Tanmay at a profit of 25%. If Tanmay paid Rs.550/- for it, then find the cost price of Samar?

  1. Rs.350/-
  2. Rs.380/-
  3. Rs.400/-
  4. Rs.450/-

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Answer: Option (C)
How to Solve
550 x 100 x 100 / 110 x 125 = 400
Rough Workspace

Example #7
Nilam sold an item at a profit of 16%. If she sold that item for Rs.12/- more, then he will get 18% profit. Find the cost price of that item?

  1. Rs.300/-
  2. Rs.450/-
  3. Rs.600/-
  4. Rs.900/-

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Answer: Option (C)
How to Solve
Formula:
Cost price = gained profit difference x 100 / both percentage profit in difference.

12 x 100 / 18 – 16 = 600

Rough Workspace

Example #8
Harris sold his watch at a profit of 18%. If selling price and cost price both are Rs.120/- less, then more profit would be 6%. What would be it’s cost price?

  1. Rs.480/-
  2. Rs.500/-
  3. Rs.550/-
  4. Rs.620/-

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Answer: Option (A)
How to Solve
If selling price and cost price both are less by same amount.

( Increasing profit percent + Primary profit percent ) x Amount / Increasing profit percent.
( 18 + 6 ) x 120 / 6 = 2880 / 6 = 480

Rough Workspace

Example #9
Nitin sold his mobile at a profit of 12%. If he sold his mobile for Rs.25/- more, then his profit will become 16%. Find the cost price of the mobile?

  1. Rs.500/-
  2. Rs.600/-
  3. Rs.625/-
  4. Rs.650/-

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Answer: Option (C)
How to Solve
Formula:
Cost price = gained profit difference x 100 / both percentage profit in difference.

25 x 100 / 16 – 12 = 625

Rough Workspace

Example #10
Jitten earns a profit of 20% on selling an item for Rs.2640/-. What is the cost price of the item?

  1. Rs.2400/-
  2. Rs.2300/-
  3. Rs.2250/-
  4. Rs.2200/-

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Answer: Option (D)
How to Solve
100 x 2640 / 120 = Rs.2200/-
Cost price of the item is Rs.2200/-.
Rough Workspace

Example #11
The shop owner marked the price of his goods 25% more than the cost price. A customer paid Rs.7850/- for wooden dressing table. What is the cost price of that wooden dressing table?

  1. Rs.6280/-
  2. Rs.6420/-
  3. Rs.6690/-
  4. Rs.7000/-

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Answer: Option (A)
How to Solve
7850 x 100 / 125 = Rs.6280

Cost price of wooden dressing table is Rs.6280/-.

Rough Workspace

Few Examples of Profit and Loss Tricks

 

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10 comments

  1. Vikas Ghode says:

    To get answer very fast without doing any math or formula, use unbiased cube at exam hall, then toss it & write answer. To remember answers, we have trick
    Suppose 1 dots come : option 1

    Same for all ie if n dots come select answer n. But if 6 dots come then skip the question since its going to take time for another toss.

  2. giri says:

    Item sold with 10% profit.if items cost price is 5% less and then sell it with rs.56 more then profit is 25%. Items cost price is????

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