Bank Exam Practice Material Series Page 6 | Profit & Loss Tricks, Speed Maths & Important Concepts

 

Bank Exam Practice Material Series – Page 6

Profit & Loss Tricks, Speed Maths & Important Concepts

Shaktimatha Learning – Quantitative Aptitude Practice Hub
Learn Profit & Loss shortcut tricks, percentage methods, selling price calculations, and fast solving techniques for Bank Exams, SSC, Railways, Insurance, and Competitive Exams.

Importance of Profit & Loss

Profit & Loss is one of the most important arithmetic topics in competitive exams. This topic helps students improve:

• Percentage calculations
• Business mathematics understanding
• Logical reasoning
• Calculation speed
• Problem-solving ability

Important Profit & Loss Concepts

• Cost Price (CP)
• Selling Price (SP)
• Profit Percentage
• Loss Percentage
• Discount Concepts
• Marked Price

Profit Formula

0

Loss Formula

1

Profit Percentage Formula

2

Speed Tricks for Profit & Loss

Profit Calculation Trick

Cost Price = 500

Selling Price = 650

Profit = 650 − 500

Answer = 150

Profit Percentage Trick

Profit = 100

Cost Price = 400

3

Answer = 25%

Loss Calculation Trick

Cost Price = 800

Selling Price = 700

Loss = 800 − 700

Answer = 100

Important Percentage Values

Fraction	Percentage	Fraction	Percentage
1/2	50%	1/5	20%
1/4	25%	3/4	75%
1/10	10%	2/5	40%

Practice Questions

Question 1

Cost Price = 400

Selling Price = 500

Find Profit

500 − 400

Answer = 100

Question 2

Cost Price = 600

Selling Price = 540

Find Loss

600 − 540

Answer = 60

Question 3

Profit = 150

Cost Price = 750

Find Profit Percentage

4

Answer = 20%

Question 4

A product costing 1000 is sold for 1200.

Find Profit

1200 − 1000

Answer = 200

Question 5

Cost Price = 900

Selling Price = 810

Find Loss Percentage

5

Answer = 10%

Important Exam Tips

• Memorize percentage values carefully
• Practice profit percentage calculations
• Use shortcut methods for fast solving
• Read questions carefully before solving
• Improve speed with regular practice

Fast Formula Revision

Topic	Formula
Profit	SP − CP
Loss	CP − SP
Profit %	(Profit / CP) × 100
Loss %	(Loss / CP) × 100
Discount	MP − SP

Daily Practice Strategy

• Practice 20 Profit & Loss questions daily
• Revise percentage formulas regularly
• Improve calculation speed
• Practice shortcut multiplication methods
• Focus on both speed and accuracy

Smart calculations and regular practice improve competitive exam success.

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Bank Exam Practice Material Series