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# Profit and Loss Example 2

## Profit and Loss Example 2

Shortcut tricks on profit and loss are one of the most important topics in exams. Time is the main factor in competitive exams. If you know how to manage time then you will surely do great in your exam. Most of us skip that part. Here in this page we give few examples on Profit and Loss shortcut tricks. These shortcut tricks cover all sorts of tricks on Profit and Loss Example 2. Visitors are requested to carefully read all shortcut examples. These examples will help you to understand shortcut tricks on Profit and Loss.

First of all do a practice set on math of any exam. Choose any twenty math problems and write it down on a page. Solve first ten math problems according to basic math formula. You also need to keep track of Timing. After solving all ten math questions write down total time taken by you to solve those questions. Now go through our page for profit and loss shortcut trick. After doing this go back to the remaining ten questions and solve those using shortcut methods. Again keep track of the time. You will surely see the improvement in your timing this time. But this is not all you need. You need more practice to improve your timing more.

### Few Important things to Remember

We all know that the most important thing in competitive exams is Mathematics. It doesn’t mean that other topics are not so important. You can get a good score only if you get a good score in math section. And, ou 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. Again it does not mean that you can’t do maths without using shortcut tricks. You may do math problems within time without using any shortcut tricks. You may have that potential.

But, other peoples may not do the same. So Profit and Loss shortcut tricks here for those people. We try our level best to put together all types of shortcut methods here. But if you see any tricks are missing from the list then please inform us. Your little help will help so many needy.

### Profit and Loss Examples

We can find the Selling 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.

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. 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.

### Example #1 – Profit and Loss Example 2

An item marked Rs.60/- is sold for Rs.48/-. So the rate of discount is?

1. 15%
2. 18%
3. 20%
4. 25%

Show Answer Show How to Solve Open Rough Workspace

How to Solve
( 12 x 100 / 60 )% = 20%.
Rough Workspace

### Example #2 – Profit and Loss Example 2

Sushil bought a TV with a discount of 10%. Then he get an extra discount of 20% on the reduced price. If marked price was Rs.2400/-, then what price did he buy that TV?

1. Rs.1728/-
2. Rs.1750/-
3. Rs.1800/-
4. Rs.2000/-

Show Answer Show How to Solve Open Rough Workspace

How to Solve
2400 x 80 x 90 / 100 x 100 = 1728.

Cost price of the TV is Rs.1728/-.

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### Example #3 – Profit and Loss Example 2

If the cost price of 14 pens is equal to the selling price of 8 pens, then gain percentage is?

1. 55%
2. 65%
3. 75%
4. 90%

Show Answer Show How to Solve Open Rough Workspace

How to Solve
Let, Cost Price of each pen is Rs.1/-.
Then, Cost Price of 8 pens = Rs.8/- : Selling Price price of 8 pens = Rs.14/-
Gain % = 6 x 100 / 8 = 75%

The gain percent is 75%.

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### Example #4 – Profit and Loss Example 2

On selling 16 pens, a whole seller making a profit equal to the selling price of 6 pens. What would be his profit percent?

1. 40%
2. 50%
3. 55%
4. 60%

Show Answer Show How to Solve Open Rough Workspace

How to Solve
Selling price of 16 pens – Cost price of 16 pens = Selling price of 6 pens
Cost price of 16 pens = Selling price of 10 pens

Let, cost price of each pens Rs.1/-.
So, Cost price of 10 pens = Rs.10/-.
Selling price of 10 pens = Rs. 16/-.

Gain % = ( 6 x 100 / 10 )% = 60%.

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### Example #5 – Profit and Loss Example 2

Suman bought a cycle with a discount of 20% on the marked price. She then gets an extra 10% discount on reduced price. If marked price was Rs.4000/-, then what price did she buy that cycle?

1. Rs.2670/-
2. Rs.2880/-
3. Rs.3000/-
4. Rs.3500/-

Show Answer Show How to Solve Open Rough Workspace

How to Solve
4000 x 90 x 80 / 100 x 100 = 2880.

Cost price of cycle is Rs.2880/-.

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### Example #6 – Profit and Loss Example 2

The Profit gained by selling an item for Rs.630/- is equal to the loss incurred if the same article is sold for Rs.370/-. To gain 50% profit what would be the sale price?

1. Rs.500/-
2. Rs.625/-
3. Rs.700/-
4. Rs.750/-

Show Answer Show How to Solve Open Rough Workspace

How to Solve
Let, Cost price be X.
Then, 630 – X = X – 370
2X = 1000
X = 500

Required Selling Price = 150% of 500
= 150 x 500 / 100
= 750

The sale price for making 50% profit is Rs.750/-.

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### Example #7 – Profit and Loss Example 2

An item is sold with 15% discount on the listed price and gave profit of Rs.86/-. What should it’s cost price?

1. Rs.193/-
2. Rs.265/-
3. Rs.372/-
4. Can’t Determined

Show Answer Show How to Solve Open Rough Workspace

How to Solve
Here the marked price has not given. That’s why we cannot determined the cost price.
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### Example #8

A shop keeper mixes 25 kg of sugar at Rs.22/- per kg with 35 kg of sugar of other type at Rs.42/- per kg. Then he sells that mixture at Rs.35/- per Kg. What would be his profit percent?

1. 2%
2. 3.96%
3. 5%
4. 7.38%

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How to Solve
Cost price of 60 kg sugar = Rs. ( 25 x 22 + 35 x 42 ) = ( 550 + 1400 ) = 2020
and Selling price of 60 kg sugar is = Rs ( 60 x 35 ) = 2100
Profit = ( 2100 – 2020 ) = 80

So, gain % = 80 x 100 / 2020 = 3.96%.

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### Example #9

On selling 15 book at Rs.640/-, there is a loss equal to the cost price of 5 books. What would be the cost price of a book?

1. Rs.44/-
2. Rs.50/-
3. Rs.64/-
4. Rs.96/-

Show Answer Show How to Solve Open Rough Workspace

How to Solve
(CP of 15 books) – (SP of 15 books) = (CP of 5 books)
CP of 10 books = SP of 15 books = Rs.640/-.

Cost price of 1 books = Rs.(640 / 10) = Rs.64/-.

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### Example #10

A gentleman bought 7 apples for Rs.6/- and sold at 6 apples for Rs.7/-. What would be his profit percent?

1. 36.12%
2. 42.47%
3. 45.49%
4. 50.32%

Show Answer Show How to Solve Open Rough Workspace

How to Solve
So, number of apples bought = L.C.M. of 7 and 6 = 42.
CP of 42 Apples = Rs.6 x 42 / 7 = Rs.36/-.
SP of 42 Apples = Rs.7 x 42 / 6 = Rs.49/-.
Profit = 49 – 36 = Rs.13/-.

Profit % = ( 13 x 100 / 36 ) % = 36.12%.

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### Few Examples of Profit and Loss Tricks

If You Have any question regarding this topic then please do comment on below section. You can also send us message on facebook.

1. Raju says:

It s an excellent site for all competitive exam s

2. Itachi says:

in example 1
the cp is 48 or 60
if 60 why?

3. Coolv says:

10 sum is wrong it should be 13 /36

• yaman says:

right

4. choco says:

in example 2
cp formula is 100/(100-loss%)*s.p it is the standard formula but in example 2 why we take c.p as
(100-loss%)*(100-loss%)*mp/100*100

5. Arnab says:

By selling an article a man loss 10%.If he had bought it 20%less and sells it 55 Rs more,then he gained 40%.cost price of the article?