{"id":223873,"date":"2026-04-20T19:27:16","date_gmt":"2026-04-20T13:57:16","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=223873"},"modified":"2026-04-23T10:34:50","modified_gmt":"2026-04-23T05:04:50","slug":"profit-and-loss","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/","title":{"rendered":"Profit and Loss Formulas, Concepts, Short Tricks and Tips"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#Download_Profit_and_Loss_Questions_E-Book_PDF\" >Download Profit and Loss Questions E-Book PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#Practice_Profit_and_Loss_Questions_for_Upcoming_SSC_Exams\" >Practice Profit and Loss Questions for Upcoming SSC Exams<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#What_Is_Profit_and_Loss_in_Quantitative_Aptitude\" >What Is Profit and Loss in Quantitative Aptitude?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#Why_Is_Profit_and_Loss_Important_in_Competitive_Exams\" >Why Is Profit and Loss Important in Competitive Exams?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#Profit_and_Loss_Quantitative_Aptitude_Short_Notes\" >Profit and Loss Quantitative Aptitude Short Notes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#Profit_and_Loss_Concepts\" >Profit and Loss Concepts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#What_are_the_Types_of_Profit_and_Loss_Questions_in_Quantitative_Aptitude\" >What are the Types of Profit and Loss Questions in Quantitative Aptitude?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#Profit_and_Loss_Formulas_for_Quantitative_Aptitude\" >Profit and Loss Formulas for Quantitative Aptitude<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#Profit_and_Loss_Tricks_for_SSC_CGL_and_Other_Exams\" >Profit and Loss Tricks for SSC CGL and Other Exams<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#Profit_and_Loss_Concepts_for_Bank_Exams\" >Profit and Loss Concepts for Bank Exams<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#Common_Mistakes_to_Avoid_while_Solving_Profit_and_Loss\" >Common Mistakes to Avoid while Solving Profit and Loss<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>Profit and Loss is a crucial topic in the Quantitative Aptitude section of competitive exams. It revolves around basic arithmetic concepts like cost price, selling price, discounts, and profit or loss percentages concepts commonly used in real-life business or trading scenarios. In this blog, we have provided important formulas, quick tricks, question types, solved examples from 2024\u201325 exams, and more.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-download-profit-and-loss-questions-e-book-pdf\"><span class=\"ez-toc-section\" id=\"Download_Profit_and_Loss_Questions_E-Book_PDF\"><\/span>Download Profit and Loss Questions E-Book PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Download Profit and Loss Questions E-book PDF to practice the most important aptitude questions for <a href=\"https:\/\/www.oliveboard.in\/ssc-exams\/?ref=contmk-blog-gpqt\" target=\"_blank\" rel=\"noreferrer noopener\">SSC<\/a>, <a href=\"https:\/\/www.oliveboard.in\/banking-insurance-exams\/?ref=contmk-blog-gpqt\" target=\"_blank\" rel=\"noreferrer noopener\">Bank<\/a>, <a href=\"https:\/\/www.oliveboard.in\/railway-exams\/?ref=contmk-blog-gpqt\" target=\"_blank\" rel=\"noreferrer noopener\">Railway Exams<\/a>, and other competitive exams. This e-book includes concept-based questions, shortcut tricks, solved examples, and practice sets to improve your speed and accuracy in profit, loss, discount, and marked price topics.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/profit-and-loss-questions-pdf\/?ref=contmk-blog-palq\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF here<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-practice-profit-and-loss-questions-for-upcoming-ssc-exams\"><span class=\"ez-toc-section\" id=\"Practice_Profit_and_Loss_Questions_for_Upcoming_SSC_Exams\"><\/span>Practice Profit and Loss Questions for Upcoming SSC Exams<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Prepare for SSC CGL, CHSL, and other competitive exams with these important Profit and Loss questions. These practice problems will help improve your speed and accuracy in the Quant section.<\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> Profit and Loss Questions Live <\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q1) The cost price of an article is \u20b9866. If it is sold at a profit of 35%, what is the selling price?<\/p>\n  <button data-correct=\"false\">A) \u20b91186<\/button>\n  <button data-correct=\"false\">B) \u20b91157<\/button>\n  <button data-correct=\"false\">C) \u20b91179<\/button>\n  <button data-correct=\"true\">D) \u20b91169<\/button>\n  <p>Answer: D) \u20b91169<\/p>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q2) The cost price of an article is \u20b9594. If it is sold at a loss of 5%, what is the selling price?<\/p>\n  <button data-correct=\"false\">A) \u20b9570<\/button>\n  <button data-correct=\"false\">B) \u20b9583<\/button>\n  <button data-correct=\"false\">C) \u20b9557<\/button>\n  <button data-correct=\"true\">D) \u20b9564<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q3) The cost price of an article is \u20b9177. If it is sold at a profit of 6.25%, what is the selling price?<\/p>\n  <button data-correct=\"false\">A) \u20b9215<\/button>\n  <button data-correct=\"false\">B) \u20b9199<\/button>\n  <button data-correct=\"false\">C) \u20b9180<\/button>\n  <button data-correct=\"true\">D) \u20b9188<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q4) The cost price of an article is \u20b9698. If it is sold at a profit of 6.25%, what is the selling price?<\/p>\n  <button data-correct=\"false\">A) \u20b9729<\/button>\n  <button data-correct=\"false\">B) \u20b9764<\/button>\n  <button data-correct=\"true\">C) \u20b9742<\/button>\n  <button data-correct=\"false\">D) \u20b9749<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q5) The cost price of an article is \u20b9962. If it is sold at a profit of 12.5%, what is the selling price?<\/p>\n  <button data-correct=\"false\">A) \u20b91074<\/button>\n  <button data-correct=\"true\">B) \u20b91082<\/button>\n  <button data-correct=\"false\">C) \u20b91089<\/button>\n  <button data-correct=\"false\">D) \u20b91110<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q6) A trader marks his goods 20% above cost price and allows 10% discount. What is his gain percentage?<\/p>\n  <button data-correct=\"false\">A) 8%<\/button>\n  <button data-correct=\"false\">B) 10%<\/button>\n  <button data-correct=\"true\">C) 9%<\/button>\n  <button data-correct=\"false\">D) 7%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q7) A man buys 5 kg of apples for \u20b9120 and sells them at \u20b927 per kg. What is his profit percentage?<\/p>\n  <button data-correct=\"false\">A) 10%<\/button>\n  <button data-correct=\"false\">B) 12.5%<\/button>\n  <button data-correct=\"false\">C) 15%<\/button>\n  <button data-correct=\"true\">D) 20%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q8) An item is sold at 10% loss. If it had been sold for \u20b940 more, there would have been 10% profit. What is the cost price?<\/p>\n  <button data-correct=\"false\">A) \u20b9180<\/button>\n  <button data-correct=\"true\">B) \u20b9200<\/button>\n  <button data-correct=\"false\">C) \u20b9190<\/button>\n  <button data-correct=\"false\">D) \u20b9210<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q9) A person bought a cycle for \u20b91500 and sold it at a gain of 20%. What is the selling price?<\/p>\n  <button data-correct=\"false\">A) \u20b91750<\/button>\n  <button data-correct=\"false\">B) \u20b91780<\/button>\n  <button data-correct=\"true\">C) \u20b91800<\/button>\n  <button data-correct=\"false\">D) \u20b91850<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q10) A man sells two items for \u20b9500 each, one at 25% gain and the other at 25% loss. What is the overall gain or loss?<\/p>\n  <button data-correct=\"false\">A) No profit, no loss<\/button>\n  <button data-correct=\"false\">B) 6.25% gain<\/button>\n  <button data-correct=\"true\">C) 6.25% loss<\/button>\n  <button data-correct=\"false\">D) 12.5% loss<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q11) A shopkeeper bought 80 pens at \u20b912 each. He sold 60 pens at \u20b915 each and the remaining at \u20b910 each. What is his profit or loss percentage?<\/p>\n  <button data-correct=\"false\">A) 5% loss<\/button>\n  <button data-correct=\"false\">B) 2.5% gain<\/button>\n  <button data-correct=\"true\">C) 5% gain<\/button>\n  <button data-correct=\"false\">D) 7.5% gain<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q12) A dealer sells a bike at a loss of 5%. Had he sold it for \u20b9250 more, he would have gained 5%. What is the cost price?<\/p>\n  <button data-correct=\"false\">A) \u20b92000<\/button>\n  <button data-correct=\"true\">B) \u20b92500<\/button>\n  <button data-correct=\"false\">C) \u20b92250<\/button>\n  <button data-correct=\"false\">D) \u20b92750<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q13) A man sells a shirt at a 10% discount on the marked price and earns a profit of 20%. What is the ratio of cost price to marked price?<\/p>\n  <button data-correct=\"false\">A) 2:3<\/button>\n  <button data-correct=\"true\">B) 4:5<\/button>\n  <button data-correct=\"false\">C) 5:6<\/button>\n  <button data-correct=\"false\">D) 3:4<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q14) A product is sold for \u20b9960, with a loss of 4%. What is the cost price?<\/p>\n  <button data-correct=\"true\">A) \u20b91000<\/button>\n  <button data-correct=\"false\">B) \u20b9980<\/button>\n  <button data-correct=\"false\">C) \u20b9960<\/button>\n  <button data-correct=\"false\">D) \u20b9920<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>Q15) If an article is sold at a profit of 20% and the profit is \u20b9120, what is the cost price?<\/p>\n  <button data-correct=\"false\">A) \u20b9500<\/button>\n  <button data-correct=\"true\">B) \u20b9600<\/button>\n  <button data-correct=\"false\">C) \u20b9720<\/button>\n  <button data-correct=\"false\">D) \u20b91000<\/button>\n<\/div>\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n   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class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-delivery.svg\" alt=\"\"><\/span>\n                   <h2 id=\"display-register-text\"><span class=\"ez-toc-section\" id=\"Sign_Up\"><\/span>Sign Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                   <div class=\"loginas-group loginas-group1 loginas-group-single\">\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><\/div><iframe 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wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/previous-year-papers\/?ref=contmk-blog-palq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt Previous Year Papers<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-profit-and-loss-in-quantitative-aptitude\"><span class=\"ez-toc-section\" id=\"What_Is_Profit_and_Loss_in_Quantitative_Aptitude\"><\/span>What Is Profit and Loss in Quantitative Aptitude?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In simple terms, <strong>Profit and Loss<\/strong> helps evaluate the financial outcome of buying and selling transactions.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Profit<\/strong>: When the Selling Price (SP) is more than the Cost Price (CP).<\/li>\n\n\n\n<li><strong>Loss<\/strong>: When the Cost Price (CP) is more than the Selling Price (SP).<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-why-is-it-asked-in-exams\">Why Is It Asked in Exams?<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Real-life application in business, trade, and financial reasoning.<\/li>\n\n\n\n<li>Tests accuracy in percentage, ratio, and basic arithmetic.<\/li>\n\n\n\n<li>Can be solved quickly using standard formulas.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-skills-required\">Skills Required:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Basic arithmetic operations<\/li>\n\n\n\n<li>Percentages<\/li>\n\n\n\n<li>Logical calculation<\/li>\n\n\n\n<li>Formula application<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/test-series\/?ref=contmk-blog-palq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt A Free Mock Test<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-is-profit-and-loss-important-in-competitive-exams\"><span class=\"ez-toc-section\" id=\"Why_Is_Profit_and_Loss_Important_in_Competitive_Exams\"><\/span>Why Is Profit and Loss Important in Competitive Exams?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Profit and Loss is frequently tested across government and banking exams. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Exam<\/strong><\/td><td><strong>No. of Questions<\/strong><\/td><td><strong>Difficulty<\/strong><\/td><\/tr><tr><td>SSC CGL \/ CHSL<\/td><td>1\u20132<\/td><td>Easy<\/td><\/tr><tr><td>IBPS PO \/ SBI PO<\/td><td>1\u20132<\/td><td>Moderate<\/td><\/tr><tr><td>RRB NTPC \/ Group D<\/td><td>1<\/td><td>Easy<\/td><\/tr><tr><td>State PSC \/ Police<\/td><td>1\u20132<\/td><td>Moderate<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-profit-and-loss-quantitative-aptitude-short-notes\"><span class=\"ez-toc-section\" id=\"Profit_and_Loss_Quantitative_Aptitude_Short_Notes\"><\/span>Profit and Loss Quantitative Aptitude Short Notes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To save revision time, here are the most important concepts in a table:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Concept<\/strong><\/td><td><strong>Definition<\/strong><\/td><\/tr><tr><td>Cost Price (CP)<\/td><td>The price at which an article is bought<\/td><\/tr><tr><td>Selling Price (SP)<\/td><td>The price at which the article is sold<\/td><\/tr><tr><td>Profit<\/td><td>SP \u2013 CP<\/td><\/tr><tr><td>Loss<\/td><td>CP \u2013 SP<\/td><\/tr><tr><td>Profit %<\/td><td>(Profit \/ CP) \u00d7 100<\/td><\/tr><tr><td>Loss %<\/td><td>(Loss \/ CP) \u00d7 100<\/td><\/tr><tr><td>Marked Price (MP)<\/td><td>The price printed\/tagged before any discount<\/td><\/tr><tr><td>Discount<\/td><td>Reduction on the MP, usually in %<\/td><\/tr><tr><td>SP (after discount)<\/td><td>SP = MP \u00d7 (1 \u2013 Discount\/100)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/quiz-questions\/?ref=contmk-blog-palq\" target=\"_blank\" rel=\"noreferrer noopener\">attempt Quizzes live<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-profit-and-loss-concepts\"><span class=\"ez-toc-section\" id=\"Profit_and_Loss_Concepts\"><\/span>Profit and Loss Concepts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The concepts mostly used to solve Profit and Loss questions are as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Concept<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>Profit = SP \u2013 CP<\/td><td>Positive difference when SP &gt; CP<\/td><\/tr><tr><td>Loss = CP \u2013 SP<\/td><td>Negative difference when CP &gt; SP<\/td><\/tr><tr><td>Profit % = (P\/CP) \u00d7 100<\/td><td>Always calculated on CP<\/td><\/tr><tr><td>SP = CP \u00d7 (1 + Profit%)<\/td><td>For gain situations<\/td><\/tr><tr><td>SP = CP \u00d7 (1 \u2013 Loss%)<\/td><td>For loss situations<\/td><\/tr><tr><td>CP = SP \/ (1 + Profit%)<\/td><td>To find CP when profit % is known<\/td><\/tr><tr><td>Net % Change (Two gains\/losses)<\/td><td>= A + B + (AB\/100) if both are gain\/loss<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/ssc-cgl-mock-test\/?ref=contac-acb\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt A Free SSC CGL Mock Test<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-types-of-profit-and-loss-questions-in-quantitative-aptitude\"><span class=\"ez-toc-section\" id=\"What_are_the_Types_of_Profit_and_Loss_Questions_in_Quantitative_Aptitude\"><\/span>What are the Types of Profit and Loss Questions in Quantitative Aptitude?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In exams, questions may vary in logic and application:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Direct Calculation Questions<\/strong> \u2013 Using basic CP\/SP\/Profit\/Loss formulas<\/li>\n\n\n\n<li><strong>Marked Price &amp; Discount Problems<\/strong> \u2013 Involving multiple percentage changes<\/li>\n\n\n\n<li><strong>Successive Profit or Loss<\/strong> \u2013 Two-step percentage changes<\/li>\n\n\n\n<li><strong>Dealer Dishonesty Problems<\/strong> \u2013 Using less weight or faulty measures<\/li>\n\n\n\n<li><strong>Wrong Selling Price\/Cost Price Given<\/strong> \u2013 Requiring back-calculation<\/li>\n\n\n\n<li><strong>Combined Transactions<\/strong> \u2013 Finding net gain\/loss across items<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-profit-and-loss-formulas-for-quantitative-aptitude\"><span class=\"ez-toc-section\" id=\"Profit_and_Loss_Formulas_for_Quantitative_Aptitude\"><\/span>Profit and Loss Formulas for Quantitative Aptitude<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The must-know formulas for fast calculation:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Profit = SP \u2013 CP<\/li>\n\n\n\n<li>Loss = CP \u2013 SP<\/li>\n\n\n\n<li>Profit % = (Profit \/ CP) \u00d7 100<\/li>\n\n\n\n<li>Loss % = (Loss \/ CP) \u00d7 100<\/li>\n\n\n\n<li>SP = CP \u00d7 (1 + Profit\/100)<\/li>\n\n\n\n<li>SP = CP \u00d7 (1 \u2013 Loss\/100)<\/li>\n\n\n\n<li>CP = SP \/ (1 + Profit\/100)<\/li>\n\n\n\n<li>CP = SP \/ (1 \u2013 Loss\/100)<\/li>\n\n\n\n<li>SP = MP \u00d7 (1 \u2013 Discount\/100)<\/li>\n\n\n\n<li><strong>Net % Gain\/Loss (Successive):<\/strong> A + B + (AB \/ 100)<br><em>(Where A and B are % gain or loss in two steps)<\/em><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-profit-and-loss-tricks-for-ssc-cgl-and-other-exams\"><span class=\"ez-toc-section\" id=\"Profit_and_Loss_Tricks_for_SSC_CGL_and_Other_Exams\"><\/span>Profit and Loss Tricks for SSC CGL and Other Exams<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Some fast and effective tricks to solve problems in less time:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Assume CP = \u20b9100 to simplify % calculations<\/li>\n\n\n\n<li>Use fractional equivalents of % (e.g., 25% = 1\/4) for mental math<\/li>\n\n\n\n<li>Net % shortcut for two-step changes: A + B + (AB\/100)<\/li>\n\n\n\n<li>In dishonest dealer problems, use the concept:<br>Profit % = (Error \/ Actual) \u00d7 100<\/li>\n\n\n\n<li>Back-calculate from SP when reverse logic is used in the question<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-profit-and-loss-concepts-for-bank-exams\"><span class=\"ez-toc-section\" id=\"Profit_and_Loss_Concepts_for_Bank_Exams\"><\/span>Profit and Loss Concepts for Bank Exams<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bank exams like <strong>IBPS PO<\/strong> and <strong>SBI PO<\/strong> often include layered or logic-heavy questions involving:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Successive discounts or gains<\/li>\n\n\n\n<li>Mark price with multiple conditions<\/li>\n\n\n\n<li>Dealer cheating scenarios<\/li>\n<\/ul>\n\n\n\n<p><strong>Example:<\/strong><br>Marked price is 40% above CP. After a 20% discount, what is profit %?<\/p>\n\n\n\n<p>Let CP = \u20b9100<br>MP = \u20b9140 \u2192 SP = 140 \u00d7 0.80 = \u20b9112<br>Profit = \u20b912 \u2192 Profit % = 12%<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/courses\/?ref=contmk-blog-palq\" target=\"_blank\" rel=\"noreferrer noopener\">Explore the Online Courses<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-common-mistakes-to-avoid-while-solving-profit-and-loss\"><span class=\"ez-toc-section\" id=\"Common_Mistakes_to_Avoid_while_Solving_Profit_and_Loss\"><\/span>Common Mistakes to Avoid while Solving Profit and Loss<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>While solving questions, you should keep the following details in mind:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Calculating % on SP instead of CP \u2013 Always base % on CP<\/li>\n\n\n\n<li>Forgetting to adjust for discounts on MP<\/li>\n\n\n\n<li>Ignoring unit mismatch \u2013 especially weight vs. price<\/li>\n\n\n\n<li>Incorrect use of successive % formula \u2013 only use when two transactions are involved<\/li>\n\n\n\n<li>Assuming linear change \u2013 % change is not additive without proper formula<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1754577039433\"><strong class=\"schema-faq-question\"><strong>Q1. How to solve Profit and Loss questions fast?<\/strong><\/strong> <p class=\"schema-faq-answer\">Use standard formulas and try assuming CP = \u20b9100 to simplify percentage comparisons.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1754577040377\"><strong class=\"schema-faq-question\"><strong>Q2. Are Profit and Loss questions asked in SBI PO Mains?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, often with tricky conditions like dealer cheating or successive discounts.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1754577041511\"><strong class=\"schema-faq-question\"><strong>Q3. <\/strong>What is the formula for profit percentage?<\/strong> <p class=\"schema-faq-answer\">Profit % = (Profit \/ Cost Price) \u00d7 100<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1754577042038\"><strong class=\"schema-faq-question\">Q4. What is the base value for profit\/loss % calculation?<\/strong> <p class=\"schema-faq-answer\">Always the Cost Price (CP).<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rrb-ntpc-pyps\/\">RRB NTPC 2025 Question Papers, Shift-Wise PYPs, Download PDFs<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-chsl-reasoning-questions\/\">SSC CHSL Reasoning Questions, Download PDF &amp; Attempt Live Quiz<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-stenographer-english-questions\/\">SSC Stenographer English Questions, Attempt Live Quiz<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-cgl-english-questions\/\">SSC CGL English Questions with Answers, Download Free PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-chsl-full-form\/\">SSC CHSL Full Form, All you need to know about SSC CHSL Exam<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/surds-and-indices\/\">Surds and Indices Question Types, Formulas, and Short Tricks<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Profit and Loss is a crucial topic in the Quantitative Aptitude section of competitive exams. It revolves around basic arithmetic<\/p>\n","protected":false},"author":58,"featured_media":243012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,10231],"tags":[],"class_list":["post-223873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-exams","category-ssc-railways","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Profit and Loss Formulas, Concepts, Short Tricks and Tips<\/title>\n<meta name=\"description\" content=\"Learn all about the process of solving Profit and Loss questions, the types of questions asked, along with short tricks and tips.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Profit and Loss Formulas, Concepts, Short Tricks and Tips\" \/>\n<meta property=\"og:description\" content=\"Profit and Loss is a crucial topic in the Quantitative Aptitude section of competitive exams. 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I work as a Content Writer at Oliveboard, where I have been simplifying exam-related content for the past 4 years. I create clear and easy-to-understand guides for JAIIB, CAIIB, and UGC exams. My work includes breaking down notifications, admit cards, and exam updates, as well as preparing study plans and subject-wise strategies. My goal is to support working professionals in managing their exam preparation alongside a full-time job and to help them achieve career growth.\",\"sameAs\":[\"www.linkedin.com\/in\/aditi-chakraborty-131b3b379\"]},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#faq-question-1754577039433\",\"position\":1,\"url\":\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss\/#faq-question-1754577039433\",\"name\":\"Q1. 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