Profit = SP-CP

where SP= selling price

CP= cost price

Profit %=(( Profit*100)/CP)%

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SP = [(100+Profit%)/100]*CP

Loss = CP-SP

Loss %=((Loss*100)/CP)%

SP = [(100-Loss%)/100]*CP

all the shortcut tips and tricks are discussed here

· A man losses x% when he sells an item for z. if he wants to make a profit of y%, then

SP= ((100+y)z)/(100-x)

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· A man sells two items at the same price P and he make a profit of x on first item and a loss of y on second item, then

Profit/loss %= (100(x-y)-2xy)/(200+x-y)

If the result is +ve, then there is profit % but if the result is negative, then there is loss %.

YOU CAN ALSO WATCH VIDEO ON SHORTCUT FORMULAS FOR PROFIT AND LOSS QUESTIONS

· If the selling price of two items is same but one item is sold at x% profit and other is sold at x% loss, then In that case, there is always loss and

Loss %= (x^2)/100

If on selling an item for x, a person gets profit equal to the loss if he sells it for y, then cost price of that item will be CP=(x+y)/2

· If on selling an item for x, a person gets profit equal to the loss if he sells it for y. then if that person wants to make z% profit on that item, then he should sell the item at

SP= ((x+y)(100+z))/200

· If A sells an item on x% profit to B, B sells the item on y% loss to C, C sells the item on z% profit to D for S money. Then selling price of item by A will be

=S{(100/(100+x))(100/(100-y))(100/(100+z))}

If the result comes +, then there is profit.

If the result comes -, then there is loss.

· If a person buys y goods for x and sells y goods for x, then the profit/loss % of that person will be

Profit/loss %= 100(Y^2-x^2)/(x^2) ……………..(x^2 mean x squared)

· If a person buys A goods for B and sells C goods for D, then the profit/loss % will be

Profit/loss %= (100(AD-BC))/BC

· If a person sells an item on cost price but in place of giving 1 kg of item, he gives only 960 grams by using wrong techniques, then the profit % of that person will be

Profit%= (100(actual weight- wrong weight))/wrong weight

· If an item is sold at 10% profit rather that 16% profit and the person who sells it gets 200 (money) less on doing this. Then the cost price of that item will be

CP=(200*100)/(16-10)

· A person sells an item for x% profit. If he sells it for z money more, he would make a profit of y%, then

CP=(100*z)/(y-x)

· If a corrupted shopkeeper makes x% while purchasing an item and y% while selling an item, then his profit %age will be

Profit %age= x+y+(xy/100)

If x=y then

Profit %age= 2x+(x^2/100)

· A dishonest shopkeeper sells an item for 10% profit but he makes a foul by giving that item 20% less by weight. So the profit % he makes will be

Profit %={100(profit % + % less by weight)}/100-% less by weight)

So there is the set of shortcut formulas for profit and loss questions to help you easily solve them.

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