Overview

Everybody is well aware of concepts of profit and loss. When one buys some article at some price, and sells this article at higher price, there is profit; and when this article is sold at lower price, there is loss. The purpose of this book is to reduce the intricacies in solving the problems related with profit and loss. For this, we shall deploy some strategy in solving the questions of profit and loss. A basic principle that must be followed in order to achieve maximum marks in the paper of quantitative aptitude on one hand, and avoid mistakes of calculation on the other; it is necessary that you avoid fractions in the calculation. In this book, in all questions, by looking at the percentage of profit or loss or discount given, it has been attempted to the maximum that coefficients of the variable presumed for cost price or selling price or marked price have been so taken as to avoid the calculations involving fractions. The book provides the reader the SIMPLEST 16 SHORT-CUTS for solving Profit-Loss Questions with a simple logic and within seconds. The book has 103 solved examples, and 212 unsolved questions whose solutions and explanations have been provided in the book.

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