**Hello Readers,**

**In our journey so far, many outstanding, proficient and beautiful posts have been published on BankersAdda. These post don’t deserve to become a history, they should be posted again and again because of following reasons –**

**Many new readers come on BA who might not be aware about it.****For the revision purpose****For upcoming exams****And the most important of all, as a token of RESPECT for these extremely superb posts**

**So, we have decided to dug out these post for the upcoming SBI PO 2015 Exam.**

**One such post is this one, Profit & Loss. It was contributed by Piscine Molitor, one of the matchless reader of BA, who is extinct these days. So, as a respect to the post & Pi, we are re-publishing the post!!!**

*This section is quite interesting. Concepts are simple but Questions are logical.*

**I bought a rare novel worth Rs. 400.**After finished reading, I thought of selling it to somebody else. I scratched the sticker and then put my own sticker on it that said,

**“500 Rs only”**so that I can make a sweet

**profit of 100Rs**on this Novel.

**But to buy it for 500Rs, he’s not ready.He wants some discount on it.**

**5% discount**, I said. He calculated that

**5% of 500 means 25Rs only**. He rejected. Said,

**he want more discount.**

**final 10% discount**, but not more. Take it or leave it. He calculated,

**10% discount on 500Rs means 50Rs discount.**

**He gave me 450 Rs and then bought this Novel.**

**Ques: What is the Cost price of this Novel?**

**Ques: What is the Marked Price of this Novel?**

**Ques: How much is the Markup?**

**Ques: What is the discount % on this Novel?**

**Ques: What is the discount in Rs on this Novel?**

**Ques: What is the Selling Price of this Novel?**

**Ques: What is the profit in Rs on this Novel?**

**Ques: What is the Profit percent?**

**Ques: What is the maximum discount I could have offered so I had not incurred a loss?**

**Ques: If I had given him a discount of 25%, would I had incurred a loss?**

**Ques: At 25% discount, what should have been the loss percentage?**

~~ ~~

**Feel all this stuff before going any further…**

**Let’s now deduce some formulae (note all these down in your copy)**

**CP = Cost Price**

**SP = Selling Price**

**When SP < CP**→

**Loss = CP – SP**

**When SP > CP**→

**Profit = SP – CP**

**Note:Loss% and Profit% both are calculated upon CP**

**Profit% = [Profit/CP] * 100**

**Loss% = [Loss/CP] * 100**

~~ ~~

**Now, some more general things we can deduce…**

**(1) When profit% is given, say, 10% profit**

**Means to say, if 10% profit, then we simply do SP = 1.1*CP**

**(CP = SP/1.1)**

**(2) When loss% is given, say, 10% loss**

**For 10% loss, SP becomes 90% of CP = 0.9*CP**

__Note: Remember these general deductions. These helps a lot in solving questions quickly.__~~ ~~

**Marked price = Cost price + Markup**

**CP –> + Markup –> = MP**

**Always Remember: Markup is extra price on Cost Price. So, Markup is always calculated on CP**

**And %Markup = [Markup/CP]*100**

Means to say if 400Rs CP and 100Rs Markup, then MP becomes 500Rs and %Markup becomes [100/400]*100 = 25%

**Discount (if SP < MP) = MP – SP i.e. SP = MP – Discount**

**MP**→

**– Discount**→

**= SP**

**Always Remember: Discount is deducted from Marked Price. So, Discount is always calculated on MP**

**And %Discount = [Discount/MP]*100**

Means to say, if 500Rs is MP and 50Rs is discount, then discount% = [50/500]*100 = 10%

~~ ~~

**General Notes:**

**Like SP and CP relation, SP and MP relations is also calculated using the same approach.**

**if 10% discount is there**, then SP becomes [100-discount%] of MP, means SP = 90% of MP, means

**SP = 0.9*MP**

**(MP = SP/0.9)**

*Needless to tell you to note it down as this also helps in solving questions quickly!***More Notes:**

*(1) If markup is there and after discount, there is a profit, then: CP < SP < MP*

*(2) If markup is there and after discount, there is no profit no loss, then: CP = SP < MP*

*(3) If markup is there and after discount, there is a loss, then, SP < CP < MP*

~~ ~~

Practice these concepts with this question!!

~~ ~~

**Quiz Ques 1:**

**Using**

**CP = 400Rs**

**Markup% = 20%**

**Profit% = 7.5%**

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 let’s see a few quick ones that comes many a times in exams.**

~~ ~~

**Ques1: If Cost price of 15 apple is equal to Selling price of 20 apples, what is the gain or loss percent?**

- Loss is 1 on CP of 4 Rs
- Loss % = [1/4] * 100 = 25%

~~ ~~

**Ques2: By selling 8 bananas a fruit seller gains the selling price of 1 banana. Calculate his profit percent.**

**Note: Profit or loss is always calculated on Cost price!!**

**Ques3: A trader sells all his books at the cost price but gives 15% less books as he should give. Find his profit percentage?**

**Ques 4: A person bought 3 Oranges for 2 Rs and sold 2 Oranges for 3 Rs. Calculate his Profit percentage?**

- Profit Percentage = [5/4]*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 of Profit and Loss!!***Quiz Ques2:**Two articles are sold at the same Selling Price. One at a profit of 75%, and other at loss of 30%. What is the overall profit or loss?

**Quiz Ques 3:**The percentage profits on three articles A, B, and C is 10%, 20% and 25% and the ratio of their cost price is 1:2:4. Also, the ratio of the number of articles sold of A, B and C is 2:5:2.The overall percentage is how much?

**Quiz Ques 4:**CP of 12 articles is equal to SP of 9 articles. Profit on 5 articles is equal 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!!***Thanks Pi!!**

**View the Profit & Loss.**