Learn/Quantitative Aptitude/Arithmetic
Video
Elite lesson·26 minEnglishFormulas
At a glance 10 formulas
- 1Profit and loss %profit %=CPSP−CP×100loss %=CPCP−SP×100
- 2Discount %discount %=MPMP−SP×100
- 3Cost from selling priceCP=SP×100+p100at a loss: CP=SP×100−l100
- 4Mark-up then discountCPSP=(1+100m)(1−100d)
- 5Successive discountssingle=d1+d2−100d1d2
- 6Mark-up neededMP=CP×100−d100+p
- 7Equal selling priceloss %=100x2
- 8False weightgain %=falsetrue−false×100x% profit, y% short⇒100−yx+y×100
- 9Margin vs mark-upon CP=100−mm×100%
- 10Cost equals selling priceprofit %=yx−y×100
Test yourself
Q1Easy
A sports shop buys a cricket ball for ₹240 and sells it for ₹300. What is its profit percentage?
Correct answer·25%
Why
Profit percent is always taken on the cost price.
Profit is 300−240=60, and 24060=41; dividing by the selling price gives the trap 20%.
So the profit is 25%.
Q2Easy
A shop tags a jacket at 50% above its cost price, then sells it at 20% off the tag. What is its profit percentage?
Correct answer·20%
Why
Take the cost price as 100 and chain the prices.
The marked price is 150, and 20% off leaves 150×0.8=120.
So the profit is 20%, not 50−20=30%.
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