8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 16

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PROFIT amp LOSS

This section is quite interesting Concepts are simple but Questions arelogical

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Now letrsquos answer these quick simple questions based on the above information

Ques What is the Cost price of this NovelAns 400Rs

Ques What is the Marked Price of this NovelAns 500Rs

Ques How much is the MarkupAns Markup is the extra price which is added to the cost price Markup = 500 - 400= 100Rs

Ques What is the discount on this NovelAns 10

Ques What is the discount in Rs on this Novel

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 26

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Ans 10 of 500 = 50Rs

Ques What is the Selling Price of this NovelAns Selling price is the price at which he bought the Novel after deducting thediscount from the Markup Price SP = MP - Discount = 500-50 = 450Rs

Ques What is the profit in Rs on this NovelAns 50Rs

Ques What is the Profit percentAns 50Rs profit I made on 400Rs Cost Price of novel In percentage Profit =[50400]100 = 125

Ques What is the maximum discount I could have offered so I had not incurreda lossAns Maximum discount = 500-400 = 100Rs on 500Rs sticker That means[100500]100 = 20 discount

Ques If I had given him a discount of 25 would I had incurred a lossAns 25 of 500Rs means [25100]500 = 125Rs Selling price after discount = 500-125 = 375Rs Selling price is lower than Cost price So yes I would have incurred aloss if I had given him 25 discount

Ques At 25 discount what should have been the loss percentageAns at 25 discount on 500Rs (means 125Rs discount) my Selling Price would havebeen 500-125=375Rs I would have faced a loss of 400-375 = 25Rs on my 400Rs cost

price Novel Loss would have been = [25400]100 = 625

Feel all this stuff before going any furtherhellip

Letrsquos now deduce some formulae (note all these down in your copy)

CP = Cost PriceSP = Selling Price

When SP lt CP Loss = CP - SPWhen SP gt CP Profit = SP - CP

NoteLoss and Profit both are calculated upon CP

Profit = [ProfitCP] 100

Loss = [LossCP] 100

Now some more general things we can deduce

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 36

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(1) When profit is given say 10 profit

Then SP becomes [100+profit] of CP = [100+Profit]100For 10 profit SP = 110 of CP = [110100]CP = 11CP

Means to say if 10 profit then we simply do SP = 11CP

If CP is given then SP is calculated and if SP is given then CP is calculated (CP =SP11)

(2) When loss is given say 10 loss

Then again SP becomes [100-loss] of CP again same approach

For 10 loss SP becomes 90 of CP = 09CP

If CP is given then SP is calculated and if SP is given then CP is calculated (CP =SP09)

Note Remember these general deductions These helps a lot in solvingquestions quickly

Marked price = Cost price + Markup

CP + Markup = MP

Always Remember Markup is extra price on Cost Price So Markup is alwayscalculated on CP

And Markup = [MarkupCP]100

Means to say if 400Rs CP and 100Rs Markup then MP becomes 500Rs and Markupbecomes [100400]100 = 25

Discount (if SP lt MP) = MP - SP ie SP = MP - Discount

MP - Discount = SP

Always Remember Discount is deducted from Marked Price So Discount isalways calculated on MP

And Discount = [DiscountMP]100

Means to say if 500Rs is MP and 50Rs is discount then discount = [50500]100 =10

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 46

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General Notes

Like SP and CP relation SP and MP relations is also calculated using the sameapproach

Ie if 10 discount is there then SP becomes [100-discount] of MP means SP =90 of MP means SP = 09MP

So if MP is given we can calculate SP and if SP is given then MP is calculated (MP= SP09)

Needless to tell you to note it down as this also helps in solving questionsquickly

More Notes

(1) If markup is there and after discount there is a profit then CP lt SP lt MP(2) If markup is there and after discount there is no profit no loss then CP =SP lt MP(3) If markup is there and after discount there is a loss then SP lt CP lt MP

Practice these concepts with this question

Quiz Ques 1

Using

CP = 400RsMarkup = 20Profit = 75

Find these values

(a) Markup(b) Market Price(c) Profit(d) Selling Price(e) Discount Price(f) Discount

Solve this question before going any further(Answer to this Question after 1 hour)

Now letrsquos see a few quick ones that comes many a times in exams

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 56

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983093

Ques1 If Cost price of 15 apple is equal to Selling price of 20 apples what isthe gain or loss percent

Ans CP of 15 apple = SP of 20 apple

Means CP15 = SP20Means CPSP = 2015 = 43

Clearly CP gt SP means loss is there

If CP is 4 Rs SP is 3 Rs

loss is 1 on CP of 4 Rs Loss = [14] 100 = 25

Ques2 By selling 8 bananas a fruit seller gains the selling price of 1 bananaCalculate his profit percent

Ans Let SP of 1 banana = 1 Rs

Means SP of 8 banana will be 8 Rs

Profit on SP of 8 Rs is 1 Rs CP would be 8-1 = 7 Rs

On 7 Rs 1 Rs profit is there profit = 17 100 = 142857 profit

NoteProfit or loss is always calculated on Cost price

Ques3 A trader sells all his books at the cost price but gives 15 less books ashe should give Find his profit percentage

Ans let 100 books are there

Books left = 15 = 15 books

So books sold = 100-15 = 85

On 85 books sold he gets 15 books as profit

Profit = [books left books sold] 100 = [1585]100 = 1764

Ques 4 A person bought 3 Oranges for 2 Rs and sold 2 Oranges for 3 RsCalculate his Profit percentage

Ans 3 Oranges bought for 2 Rs

6 Oranges bought for 4 Rs

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 66

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2 Oranges sold for 3 Rs 6 Oranges sold for 9 Rs

6 Oranges CP = 4 Rs SP = 9 Rs Profit = 5 Rs

Profit Percentage = [54]100 = 125

Note Always remember to equate things (Oranges in this case) not money

Enough learning Now solve these questions and you completes the concepts ofProfit and Loss

Quiz Ques2Two articles are sold at the same Selling Price One at a profit of 75and other at loss of 30 What is the overall profit or loss

Quiz Ques 3The percentage profits on three articles A B and C is 10 20 and25 and the ratio of their cost price is 124 Also the ratio of the number ofarticles sold of A B and C is 252The overall percentage is how much

Quiz Ques 4CP of 12 articles is equal to SP of 9 articles Profit on 5 articles isequal to the discount on 10 articles Find the Markup and Discount

(Answers to Quiz Questions after 1 hour)

Hope You Enjoyed This Post

Thank You

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 26

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983090

Ans 10 of 500 = 50Rs

Ques What is the Selling Price of this NovelAns Selling price is the price at which he bought the Novel after deducting thediscount from the Markup Price SP = MP - Discount = 500-50 = 450Rs

Ques What is the profit in Rs on this NovelAns 50Rs

Ques What is the Profit percentAns 50Rs profit I made on 400Rs Cost Price of novel In percentage Profit =[50400]100 = 125

Ques What is the maximum discount I could have offered so I had not incurreda lossAns Maximum discount = 500-400 = 100Rs on 500Rs sticker That means[100500]100 = 20 discount

Ques If I had given him a discount of 25 would I had incurred a lossAns 25 of 500Rs means [25100]500 = 125Rs Selling price after discount = 500-125 = 375Rs Selling price is lower than Cost price So yes I would have incurred aloss if I had given him 25 discount

Ques At 25 discount what should have been the loss percentageAns at 25 discount on 500Rs (means 125Rs discount) my Selling Price would havebeen 500-125=375Rs I would have faced a loss of 400-375 = 25Rs on my 400Rs cost

price Novel Loss would have been = [25400]100 = 625

Feel all this stuff before going any furtherhellip

Letrsquos now deduce some formulae (note all these down in your copy)

CP = Cost PriceSP = Selling Price

When SP lt CP Loss = CP - SPWhen SP gt CP Profit = SP - CP

NoteLoss and Profit both are calculated upon CP

Profit = [ProfitCP] 100

Loss = [LossCP] 100

Now some more general things we can deduce

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 36

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983091

(1) When profit is given say 10 profit

Then SP becomes [100+profit] of CP = [100+Profit]100For 10 profit SP = 110 of CP = [110100]CP = 11CP

Means to say if 10 profit then we simply do SP = 11CP

If CP is given then SP is calculated and if SP is given then CP is calculated (CP =SP11)

(2) When loss is given say 10 loss

Then again SP becomes [100-loss] of CP again same approach

For 10 loss SP becomes 90 of CP = 09CP

If CP is given then SP is calculated and if SP is given then CP is calculated (CP =SP09)

Note Remember these general deductions These helps a lot in solvingquestions quickly

Marked price = Cost price + Markup

CP + Markup = MP

Always Remember Markup is extra price on Cost Price So Markup is alwayscalculated on CP

And Markup = [MarkupCP]100

Means to say if 400Rs CP and 100Rs Markup then MP becomes 500Rs and Markupbecomes [100400]100 = 25

Discount (if SP lt MP) = MP - SP ie SP = MP - Discount

MP - Discount = SP

Always Remember Discount is deducted from Marked Price So Discount isalways calculated on MP

And Discount = [DiscountMP]100

Means to say if 500Rs is MP and 50Rs is discount then discount = [50500]100 =10

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 46

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983092

General Notes

Like SP and CP relation SP and MP relations is also calculated using the sameapproach

Ie if 10 discount is there then SP becomes [100-discount] of MP means SP =90 of MP means SP = 09MP

So if MP is given we can calculate SP and if SP is given then MP is calculated (MP= SP09)

Needless to tell you to note it down as this also helps in solving questionsquickly

More Notes

(1) If markup is there and after discount there is a profit then CP lt SP lt MP(2) If markup is there and after discount there is no profit no loss then CP =SP lt MP(3) If markup is there and after discount there is a loss then SP lt CP lt MP

Practice these concepts with this question

Quiz Ques 1

Using

CP = 400RsMarkup = 20Profit = 75

Find these values

(a) Markup(b) Market Price(c) Profit(d) Selling Price(e) Discount Price(f) Discount

Solve this question before going any further(Answer to this Question after 1 hour)

Now letrsquos see a few quick ones that comes many a times in exams

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 56

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983093

Ques1 If Cost price of 15 apple is equal to Selling price of 20 apples what isthe gain or loss percent

Ans CP of 15 apple = SP of 20 apple

Means CP15 = SP20Means CPSP = 2015 = 43

Clearly CP gt SP means loss is there

If CP is 4 Rs SP is 3 Rs

loss is 1 on CP of 4 Rs Loss = [14] 100 = 25

Ques2 By selling 8 bananas a fruit seller gains the selling price of 1 bananaCalculate his profit percent

Ans Let SP of 1 banana = 1 Rs

Means SP of 8 banana will be 8 Rs

Profit on SP of 8 Rs is 1 Rs CP would be 8-1 = 7 Rs

On 7 Rs 1 Rs profit is there profit = 17 100 = 142857 profit

NoteProfit or loss is always calculated on Cost price

Ques3 A trader sells all his books at the cost price but gives 15 less books ashe should give Find his profit percentage

Ans let 100 books are there

Books left = 15 = 15 books

So books sold = 100-15 = 85

On 85 books sold he gets 15 books as profit

Profit = [books left books sold] 100 = [1585]100 = 1764

Ques 4 A person bought 3 Oranges for 2 Rs and sold 2 Oranges for 3 RsCalculate his Profit percentage

Ans 3 Oranges bought for 2 Rs

6 Oranges bought for 4 Rs

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 66

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983094

2 Oranges sold for 3 Rs 6 Oranges sold for 9 Rs

6 Oranges CP = 4 Rs SP = 9 Rs Profit = 5 Rs

Profit Percentage = [54]100 = 125

Note Always remember to equate things (Oranges in this case) not money

Enough learning Now solve these questions and you completes the concepts ofProfit and Loss

Quiz Ques2Two articles are sold at the same Selling Price One at a profit of 75and other at loss of 30 What is the overall profit or loss

Quiz Ques 3The percentage profits on three articles A B and C is 10 20 and25 and the ratio of their cost price is 124 Also the ratio of the number ofarticles sold of A B and C is 252The overall percentage is how much

Quiz Ques 4CP of 12 articles is equal to SP of 9 articles Profit on 5 articles isequal to the discount on 10 articles Find the Markup and Discount

(Answers to Quiz Questions after 1 hour)

Hope You Enjoyed This Post

Thank You

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 36

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983091

(1) When profit is given say 10 profit

Then SP becomes [100+profit] of CP = [100+Profit]100For 10 profit SP = 110 of CP = [110100]CP = 11CP

Means to say if 10 profit then we simply do SP = 11CP

If CP is given then SP is calculated and if SP is given then CP is calculated (CP =SP11)

(2) When loss is given say 10 loss

Then again SP becomes [100-loss] of CP again same approach

For 10 loss SP becomes 90 of CP = 09CP

If CP is given then SP is calculated and if SP is given then CP is calculated (CP =SP09)

Note Remember these general deductions These helps a lot in solvingquestions quickly

Marked price = Cost price + Markup

CP + Markup = MP

Always Remember Markup is extra price on Cost Price So Markup is alwayscalculated on CP

And Markup = [MarkupCP]100

Means to say if 400Rs CP and 100Rs Markup then MP becomes 500Rs and Markupbecomes [100400]100 = 25

Discount (if SP lt MP) = MP - SP ie SP = MP - Discount

MP - Discount = SP

Always Remember Discount is deducted from Marked Price So Discount isalways calculated on MP

And Discount = [DiscountMP]100

Means to say if 500Rs is MP and 50Rs is discount then discount = [50500]100 =10

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 46

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983092

General Notes

Like SP and CP relation SP and MP relations is also calculated using the sameapproach

Ie if 10 discount is there then SP becomes [100-discount] of MP means SP =90 of MP means SP = 09MP

So if MP is given we can calculate SP and if SP is given then MP is calculated (MP= SP09)

Needless to tell you to note it down as this also helps in solving questionsquickly

More Notes

(1) If markup is there and after discount there is a profit then CP lt SP lt MP(2) If markup is there and after discount there is no profit no loss then CP =SP lt MP(3) If markup is there and after discount there is a loss then SP lt CP lt MP

Practice these concepts with this question

Quiz Ques 1

Using

CP = 400RsMarkup = 20Profit = 75

Find these values

(a) Markup(b) Market Price(c) Profit(d) Selling Price(e) Discount Price(f) Discount

Solve this question before going any further(Answer to this Question after 1 hour)

Now letrsquos see a few quick ones that comes many a times in exams

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 56

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983093

Ques1 If Cost price of 15 apple is equal to Selling price of 20 apples what isthe gain or loss percent

Ans CP of 15 apple = SP of 20 apple

Means CP15 = SP20Means CPSP = 2015 = 43

Clearly CP gt SP means loss is there

If CP is 4 Rs SP is 3 Rs

loss is 1 on CP of 4 Rs Loss = [14] 100 = 25

Ques2 By selling 8 bananas a fruit seller gains the selling price of 1 bananaCalculate his profit percent

Ans Let SP of 1 banana = 1 Rs

Means SP of 8 banana will be 8 Rs

Profit on SP of 8 Rs is 1 Rs CP would be 8-1 = 7 Rs

On 7 Rs 1 Rs profit is there profit = 17 100 = 142857 profit

NoteProfit or loss is always calculated on Cost price

Ques3 A trader sells all his books at the cost price but gives 15 less books ashe should give Find his profit percentage

Ans let 100 books are there

Books left = 15 = 15 books

So books sold = 100-15 = 85

On 85 books sold he gets 15 books as profit

Profit = [books left books sold] 100 = [1585]100 = 1764

Ques 4 A person bought 3 Oranges for 2 Rs and sold 2 Oranges for 3 RsCalculate his Profit percentage

Ans 3 Oranges bought for 2 Rs

6 Oranges bought for 4 Rs

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 66

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983094

2 Oranges sold for 3 Rs 6 Oranges sold for 9 Rs

6 Oranges CP = 4 Rs SP = 9 Rs Profit = 5 Rs

Profit Percentage = [54]100 = 125

Note Always remember to equate things (Oranges in this case) not money

Enough learning Now solve these questions and you completes the concepts ofProfit and Loss

Quiz Ques2Two articles are sold at the same Selling Price One at a profit of 75and other at loss of 30 What is the overall profit or loss

Quiz Ques 3The percentage profits on three articles A B and C is 10 20 and25 and the ratio of their cost price is 124 Also the ratio of the number ofarticles sold of A B and C is 252The overall percentage is how much

Quiz Ques 4CP of 12 articles is equal to SP of 9 articles Profit on 5 articles isequal to the discount on 10 articles Find the Markup and Discount

(Answers to Quiz Questions after 1 hour)

Hope You Enjoyed This Post

Thank You

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 46

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983092

General Notes

Like SP and CP relation SP and MP relations is also calculated using the sameapproach

Ie if 10 discount is there then SP becomes [100-discount] of MP means SP =90 of MP means SP = 09MP

So if MP is given we can calculate SP and if SP is given then MP is calculated (MP= SP09)

Needless to tell you to note it down as this also helps in solving questionsquickly

More Notes

(1) If markup is there and after discount there is a profit then CP lt SP lt MP(2) If markup is there and after discount there is no profit no loss then CP =SP lt MP(3) If markup is there and after discount there is a loss then SP lt CP lt MP

Practice these concepts with this question

Quiz Ques 1

Using

CP = 400RsMarkup = 20Profit = 75

Find these values

(a) Markup(b) Market Price(c) Profit(d) Selling Price(e) Discount Price(f) Discount

Solve this question before going any further(Answer to this Question after 1 hour)

Now letrsquos see a few quick ones that comes many a times in exams

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 56

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983093

Ques1 If Cost price of 15 apple is equal to Selling price of 20 apples what isthe gain or loss percent

Ans CP of 15 apple = SP of 20 apple

Means CP15 = SP20Means CPSP = 2015 = 43

Clearly CP gt SP means loss is there

If CP is 4 Rs SP is 3 Rs

loss is 1 on CP of 4 Rs Loss = [14] 100 = 25

Ques2 By selling 8 bananas a fruit seller gains the selling price of 1 bananaCalculate his profit percent

Ans Let SP of 1 banana = 1 Rs

Means SP of 8 banana will be 8 Rs

Profit on SP of 8 Rs is 1 Rs CP would be 8-1 = 7 Rs

On 7 Rs 1 Rs profit is there profit = 17 100 = 142857 profit

NoteProfit or loss is always calculated on Cost price

Ques3 A trader sells all his books at the cost price but gives 15 less books ashe should give Find his profit percentage

Ans let 100 books are there

Books left = 15 = 15 books

So books sold = 100-15 = 85

On 85 books sold he gets 15 books as profit

Profit = [books left books sold] 100 = [1585]100 = 1764

Ques 4 A person bought 3 Oranges for 2 Rs and sold 2 Oranges for 3 RsCalculate his Profit percentage

Ans 3 Oranges bought for 2 Rs

6 Oranges bought for 4 Rs

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 66

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983094

2 Oranges sold for 3 Rs 6 Oranges sold for 9 Rs

6 Oranges CP = 4 Rs SP = 9 Rs Profit = 5 Rs

Profit Percentage = [54]100 = 125

Note Always remember to equate things (Oranges in this case) not money

Enough learning Now solve these questions and you completes the concepts ofProfit and Loss

Quiz Ques2Two articles are sold at the same Selling Price One at a profit of 75and other at loss of 30 What is the overall profit or loss

Quiz Ques 3The percentage profits on three articles A B and C is 10 20 and25 and the ratio of their cost price is 124 Also the ratio of the number ofarticles sold of A B and C is 252The overall percentage is how much

Quiz Ques 4CP of 12 articles is equal to SP of 9 articles Profit on 5 articles isequal to the discount on 10 articles Find the Markup and Discount

(Answers to Quiz Questions after 1 hour)

Hope You Enjoyed This Post

Thank You

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 56

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983093

Ques1 If Cost price of 15 apple is equal to Selling price of 20 apples what isthe gain or loss percent

Ans CP of 15 apple = SP of 20 apple

Means CP15 = SP20Means CPSP = 2015 = 43

Clearly CP gt SP means loss is there

If CP is 4 Rs SP is 3 Rs

loss is 1 on CP of 4 Rs Loss = [14] 100 = 25

Ques2 By selling 8 bananas a fruit seller gains the selling price of 1 bananaCalculate his profit percent

Ans Let SP of 1 banana = 1 Rs

Means SP of 8 banana will be 8 Rs

Profit on SP of 8 Rs is 1 Rs CP would be 8-1 = 7 Rs

On 7 Rs 1 Rs profit is there profit = 17 100 = 142857 profit

NoteProfit or loss is always calculated on Cost price

Ques3 A trader sells all his books at the cost price but gives 15 less books ashe should give Find his profit percentage

Ans let 100 books are there

Books left = 15 = 15 books

So books sold = 100-15 = 85

On 85 books sold he gets 15 books as profit

Profit = [books left books sold] 100 = [1585]100 = 1764

Ques 4 A person bought 3 Oranges for 2 Rs and sold 2 Oranges for 3 RsCalculate his Profit percentage

Ans 3 Oranges bought for 2 Rs

6 Oranges bought for 4 Rs

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 66

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983094

2 Oranges sold for 3 Rs 6 Oranges sold for 9 Rs

6 Oranges CP = 4 Rs SP = 9 Rs Profit = 5 Rs

Profit Percentage = [54]100 = 125

Note Always remember to equate things (Oranges in this case) not money

Enough learning Now solve these questions and you completes the concepts ofProfit and Loss

Quiz Ques2Two articles are sold at the same Selling Price One at a profit of 75and other at loss of 30 What is the overall profit or loss

Quiz Ques 3The percentage profits on three articles A B and C is 10 20 and25 and the ratio of their cost price is 124 Also the ratio of the number ofarticles sold of A B and C is 252The overall percentage is how much

Quiz Ques 4CP of 12 articles is equal to SP of 9 articles Profit on 5 articles isequal to the discount on 10 articles Find the Markup and Discount

(Answers to Quiz Questions after 1 hour)

Hope You Enjoyed This Post

Thank You

8102019 Profit and Loss BankersAdda-2

httpslidepdfcomreaderfullprofit-and-loss-bankersadda-2 66

983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149983159983159983159983086983138983137983150983147983141983154983155983137983140983140983137983086983139983151983149 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150983159983159983159983086983139983137983154983141983141983154983152983151983159983141983154983086983145983150 983164983164983164983164 983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983159983159983159983086983139983137983154983141983141983154983137983140983140983137983086983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150983139983151983086983145983150 983120 983137 983143 983141 983094

2 Oranges sold for 3 Rs 6 Oranges sold for 9 Rs

6 Oranges CP = 4 Rs SP = 9 Rs Profit = 5 Rs

Profit Percentage = [54]100 = 125

Note Always remember to equate things (Oranges in this case) not money

Enough learning Now solve these questions and you completes the concepts ofProfit and Loss

Quiz Ques2Two articles are sold at the same Selling Price One at a profit of 75and other at loss of 30 What is the overall profit or loss

Quiz Ques 3The percentage profits on three articles A B and C is 10 20 and25 and the ratio of their cost price is 124 Also the ratio of the number ofarticles sold of A B and C is 252The overall percentage is how much

Quiz Ques 4CP of 12 articles is equal to SP of 9 articles Profit on 5 articles isequal to the discount on 10 articles Find the Markup and Discount

(Answers to Quiz Questions after 1 hour)

Hope You Enjoyed This Post

Thank You