Professional Documents
Culture Documents
SHORTCUT (1): To find out the selling price in any item in any given
question we have to use the following shortcut formula:
Selling Price (sp) = (100 + (gain/loss)) /100 * Cost Price (CP)
Now by using the above formula we can solve any maths problem related to
profit and loss within few second. Lest see some example related to this
formula:
Example (1): A person bought a bicycle for Rs 250. For how much should he
sell it so as to gain 10% profit on it?
Solution: In this problem we have to find out the selling price for which the
person will get the 10% profit. So by using the Maths Shortcut (1) we have:
Selling Price (SP) = (100 + 10)/100 * 250
= 275 (So selling price should be this one to gain the 10%
profit on it)
Example (2): A shopkeeper purchased a Book for Rs 560. For how much he
should sell it so he gets 10% loss on it.
Solution: Again by using the Maths Shortcut (1). But in this we have to find
out the selling price so that loss occur so we have to use subtraction as
shown below in the solution.
Selling Price = (100 10) / 100* 560
= 504.
Example 1: Suppose if the price of salt falls down by 10%. Now how much
percent (%) must increased by the householder so that its consumption
remain same as there is no decrease the expenditure.
Solution: By using percentage shortcut (2):
The increase in consumption= 10/100-10*100
=11.11% (Increase the Consumption)
Example 3: Now if the employee A's salary is 30% less than that of B then
how much percent is B's salary is more than that of employee A.
Solution: Employee B's salary is more than that of A= 30/100-30*100
=42 %(Employee B salary is 42% is more than
Employee A)