Quantitative Aptitude Study Notes
Bank & SSC
Exam
PROFIT AND LOSS
Profit and loss questions for bank exams. You know that the quantitative
aptitude section is most important in bank
exams in PO and Clerk and for
other competitive exams because if you want a good score in the bank exam then you
have to score well in maths. In competitive exams the most important thing is
time management, if you know how to manage your time then you can do well in Bank Exams. That’s where maths shortcut
tricks and formula are comes into action. So continuously we are providing
shortcut tricks on different maths topics.
One of the most important topics
in maths is PROFIT AND LOSS for Competetive Exams. You
should know how to calculate profit and loss in a very short time. For this here
we are providing shortcut tricks and quicker
methods to calculate profit and loss
in maths.
For profit and loss, we use the rule of the fraction is dominant. We should
understand this rule very well because it is going to be used in almost all the
questions.
If our required value is greater
then the supplied value, we should multiply the supplied value with a fraction
which is more than one. And if our required value is less than the supplied
value, we should multiply the supplied value with a fraction that is less then
one.
If there is a gain of x%, the
calculating figures would be 100 and (100 + x).
If there is a loss of y%, the
calculating figures would be 100 and (100 - y).
If the required value is more
than the supplied value, our multiplying fractions should be 100 + x / 100
Or
100 / 100 – y
(both are greater than 1).
If the required value is less than
the supplied value, our multiplying fractions should be
Fractions should be 100 / 100 + x
Or
100 – y / 100
(Both are less than 1).
PROFIT =
SELLING PRICE (SP) – COST PRICE (CP)
LOSS = COST
PRICE (CP) – SELLING PRICE (SP)
To find the gain or loss percent
%
The profit or loss is generally
reckoned as so much percent on the cost.
GAIN OR LOSS
PER CENT % = loss or gain × 100 / CP