Find cost price Profit and Loss 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. We can find the cost 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. 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.
- Find cost price Profit and Loss Shortcut tricks
Formula: C.P =100 x S.P/(100+Gain%).
If S.P of a article is Rs. 240, then Gain 20%, Find the C.P.
Answer: C.P.= ?
C.P . = 100 x 240 / ( 100+20 )
=24000/120 = 200
C.P. = 200
100 x 240/( 120 ) = 200.
- Formula: C.P = 100 x S.P/(100 – Loss%).
If S.P of a article is Rs. 240, then Loss 20%, Find the C.P.
Answer: C.P. = ?
C.P. = 100 x 240 / ( 100 – 20 )
= 24000/80 = 300
100 x 240 / 80 = 300.