Loss percent Shortcut tricks
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.when we purchase some item and then sell it we make Loss on some time depends on the cost price and selling price of an particular item.
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.
Suppose Mr, Roy is an owner of a bakery shop he sell different product and due to some reason he can’t make profit means he sells product with loss, loss means selling price of a product is less than the cost price.
Remember always that profit and loss are always counted on cost price, and cost price is also 100% in profit and loss.
- Loss percent Shortcut tricks
Formula: Loss% = (Loss x 100/C.P)
A man purchased a toy for Rs. 120 and sold it for Rs. 90, Find the loss Percent.
C.P = 120 and S.P =90
So We Know the formula of Loss = C. P – S.P . Loss = (120 – 90) = 30
Loss% = 30 x 100/120 = 25%
So, the loss Percent is 25%.
Anil purchased a mobile for Rs. 12000 and sold it for Rs. 8000, Find the loss Percent.
C.P = 12000 and S.P =8000
So We Know the formula of Loss = C. P – S.P, Loss = (12000 – 8000) = 4000
%Loss = 4000 x 100/12000 = 33.33%
So, the loss Percent is 33.33%
10% loss on selling price is what percent loss on the cost price ?
consider selling price be = Rs.100, Then loss = Rs.10
Cost price = Rs.( 100 + 10 ) = 110
So, loss% = ( 10 / 110 x 100 ) = 100 / 11 %
Example 4 :
A farmer purchased a cow for Rs. 200 and sold it for Rs. 180, Find the loss Percent.
C.P = 200 and S.P =180
So We Know the formula of Loss = C. P – S.P . Loss = (200 – 180) =20
%Loss = 20 x 100/200 = 10%.
So, the loss Percent is 10%.