Tuesday, 2 June 2026

Bank Exam Practice Material Series Page 6 | Advanced Profit & Loss Tricks and Discount Calculations

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Ultimate Bank Exam Practice Material Series 2026

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Profit & Loss

Discount Concepts

Heavy Standard Questions

Speed Tricks

Page 6 – Advanced Profit & Loss Tricks and Discount Calculations

Master advanced profit and loss concepts, discount calculations, marked price tricks, and fast solving methods for competitive examinations.

Why Profit & Loss is Important

Frequently asked in Bank Exams
Important for prelims and mains
Improves percentage calculations
Strengthens commercial maths concepts
Useful for real-life financial calculations

Core Concepts Covered

Profit Percentage
Loss Percentage
Discount Concepts
Marked Price Logic
Successive Discounts

Important Profit & Loss Formulas

Profit Percentage

Loss Percentage

Discount Formula

Advanced Profit & Loss Tricks

Trick 1 – Quick Profit Calculation

Cost Price = ₹500 Selling Price = ₹600

Profit = 600 − 500 = 100

Profit %:

(100 ÷ 500) × 100

Answer = 20%

Trick 2 – Successive Discount Shortcut

20% and 10% discount

Net Discount:

20 + 10 − (20×10 ÷ 100)

30 − 2

Answer = 28%

Trick 3 – Marked Price Logic

Marked Price = ₹1000 Discount = 15%

Discount Amount:

15% of 1000 = 150

Selling Price:

1000 − 150

Answer = ₹850

Heavy Standard Practice Questions

Question 1

An item costing ₹800 is sold for ₹920. Find profit percentage.

Answer = 15%

Question 2

Marked price ₹2000 with 25% discount. Find selling price.

Answer = ₹1500

Question 3

A shopkeeper suffers 10% loss on ₹500. Find selling price.

Answer = ₹450

Question 4

Two successive discounts of 20% and 5%. Find net discount.

Answer = 24%

Fast Revision Table

Concept	Shortcut Idea
Profit Problems	Use direct percentage method
Loss Problems	Subtract logically from cost price
Successive Discounts	Use shortcut formula
Marked Price	Apply percentage reduction directly