Profit Loss Tricks for Competitive Exams

Profit and loss question takes time to solve. Students waste a lot of time while solving these questions in the competitive exam because they face difficulties. So, here I am sharing profit loss tricks for your better performance.

You can save your time in the competitive exams by learning these important tricks that how to solve profit loss questions in a short time. So, continue your practice with these questions to obtain good marks in the exam.

After learning tricks you can know Profit Loss Formulas if you have doubt any formula in which questions have been sorted out with formula.

Important Tricks of Profit and Loss

Cost Price (CP): The money paid by the shopkeeper to the manufacturer or money paid by the customer to the shopkeeper is called the price (CP) of the goods.

Selling Price (SP): The price at which the shopkeeper sells the goods is called the selling price.

Here, I am providing important short tricks so you can easily solve profit and loss questions.

Useful Tricks -

(1) If SP is greater than CP then we have profit, so formula of profit will be =

     SP>CP---- Profit

     Profit = SP-CP

(2) If SP is Less than CP then we have Loss, so formula of Loss will be =

   SP>CP-----Loss

    Loss = CP-SP

(3) Profit and Loss is always counted on CP

(4) To solve any question of profit and loss, you have to always assume 

CP = 100%

Q.1. A person incurs 5% loss by selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.

(A) 1320

(B) 1260

(C) 1210

(D) 1350

Show Answer

Short Trick

Q.2. A Bought pens at the rate of 15 per rupee and sold them at the rate of 12 for a rupee. His gain percent is

(A) 25%

(B) 26%

(C) 50%

(D) 53%

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Short Trick

Q.3. If the cost price of 12 orange is equal to selling price of 10 orange. Then the profit or los percentage is :

(A) 10%

(B) 20%

(C) 30%

(D) 35%

Show Answer

Short Trick

Q.4. A man sells an article at a profit of 40%. If he had bought it at 40% less and sold for Rs.5 less, he would have gained 50%. Find the cost price of the article.

(a) Rs. 10

(b) Rs. 15

(c) Rs. 20

(d) Rs. 30

Show Answer

Short Trick

Q.5. If the cost price is 95% of the selling price, what is the profit percent?

(A) 4

(B) 4.75

(C) 5

(D) 5.26

Show Answer

Short Trick

You can ask me anything related profit loss tricks in the comment section without any hesitation.