Education and Career Forum

tricks to solve profit and loss questions.

some of the tricks are shown bellow

Gain=selling price-cost price

loss=cost price-selling price

gain%=(gain*100/cost price)

loss%=(loss*100/cost price)

Those common tricks used in profit and loss

**All the Best**

Dear friend

Some of the very common tricks used are:-

Cost Price:

The price, at which an article is purchased, is called its cost price, abbreviated as C.P.

Selling Price:

The price, at which an article is sold, is called its selling prices, abbreviated as S.P.

Profit or Gain:

If S.P. is greater than C.P., the seller is said to have a profit or gain.

Loss:

If S.P. is less than C.P., the seller is said to have incurred a loss.

IMPORTANT FORMULAE

Gain = (S.P.) - (C.P.)

Loss = (C.P.) - (S.P.)

Loss or gain is always reckoned on C.P.

Gain Percentage: (Gain %)

Gain % = Gain x 100/ C.P.

Loss Percentage: (Loss %)

Loss % = Loss x 100/ C.P.

Selling Price: (S.P.)

SP = (100 + Gain %) x C.P/ 100

Selling Price: (S.P.)

SP = (100 - Loss %) x C.P./100

Cost Price: (C.P.)

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

Cost Price: (C.P.)

C.P. = 100 x S.P./ (100 - Loss %)

If an article is sold at a gain of say 35%, then S.P. = 135% of C.P.

If an article is sold at a loss of say, 35% then S.P. = 65% of C.P.

All The Best

if cp and sp is not given we have to find p% or l% then

solved this quest.
By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the
selling price will be

tell me about margin and discount