Profit and Loss: Shortcut Tricks, Practice Set with Answers & Free PDF Download

Profit and Loss: ✅ Perfect for SSC CGL, CHSL, MTS, SBI PO, IBPS Clerk, CAT, Railway, TETs, and Board Exams (CBSE, ICSE, UP, Bihar, MP)

Profit and Loss is one of the most frequently asked topics in competitive exams like SSC CGL, SSC CHSL, SSC MTS, Banking PO, SBI Clerk, CAT, and even in school board exams like ICSE, CBSE, UP Board, Bihar Board, and MP Board.

Whether you’re solving a quick 1-mark MCQ in SSC exams or cracking data interpretation in CAT, Profit & Loss concepts and shortcut tricks are essential for speed and accuracy.

In this post, you will get:

• 📌 Full Concept Explanation

• ⚡ Shortcut Tricks

• 📝 Practice Set (50 MCQs with Answer Key)

• 📥 Free Downloadable Worksheet PDF

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🎯 Why “Profit & Loss” is Important

Profit & Loss is one of the most scoring chapters in competitive exams. Every year, 3–5 questions are asked in exams like:

• SSC CGL, CHSL, MTS, GD

• Banking Exams (SBI PO, IBPS Clerk, RRB PO)

• CAT, MAT, Railway Group D

• Teaching Exams (CTET, UPTET, HTET)

• Class 9-10 Board Exams (CBSE, ICSE, UP, Bihar, MP)

🎥 If you’re a student preparing through YouTube, don’t miss the video links, shortcut tricks, and free PDF below. We’ve covered everything needed to crack this topic in under 10 minutes!

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📚 Basic Concepts of Profit and Loss

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⚡ Shortcut Tricks to Solve Profit and Loss Questions Fast

✅ Trick 1: Use Direct Formulas

• SP = CP × (100 + Profit%) / 100

• CP = SP × 100 / (100 + Profit%)

• SP = CP × (100 – Loss%) / 100

✅ Trick 2: Ratio Method (For Quick Calculations)

Profit = 25% → CP : SP = 100 : 125 = 4 : 5
Loss = 20% → CP : SP = 100 : 80 = 5 : 4

✅ Trick 3: Discount + Marked Price Questions

• SP = MP × (100 – Discount%) / 100

• Combine discount & CP to get Profit/Loss

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🧪 Sample Questions (With Answer Key)

Here are 10 sample MCQs. For the full 50-question practice set, download the PDF below.

1. CP = ₹500, Profit = 20%. SP = ?
   ✅ Answer: ₹600

2. SP = ₹720, Loss = 10%. CP = ?
   ✅ Answer: ₹800

3. MP = ₹1000, Discount = 20%. SP = ?
   ✅ Answer: ₹800

4. CP = ₹200, SP = ₹250. Profit % = ?
   ✅ Answer: 25%

5. SP = ₹750, CP = ₹1000. Loss % = ?
   ✅ Answer: 25%

6. MP = ₹1500, Discount = 10%, CP = ₹1200. Profit % = ?
   ✅ Answer: 12.5%

7. CP = ₹640, Loss = 20%. SP = ?
   ✅ Answer: ₹512

8. Profit of ₹80 on CP ₹400. Profit % = ?
   ✅ Answer: 20%

9. CP : SP = 4 : 5. Profit % = ?
   ✅ Answer: 25%

10. A person bought an item for ₹1200 and sold it at ₹1080. Loss % = ?
    ✅ Answer: 10%

📥 Download Full Practice Set (50 Questions + Answer Key + Worksheet)
🔗 Click Here to Download PDF (Print & solve anytime)

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📘 Profit and Loss – Useful for Which Exams?

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🙋‍♂️ Frequently Asked Questions (FAQs)

❓ Q1. What is the best shortcut for profit and loss questions?

Ans: Use the ratio method:
If Profit% = 25% ⇒ CP : SP = 4 : 5.
It’s faster than formulas and works well in competitive exams.

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❓ Q2. Are profit & loss questions asked in SSC exams?

Ans: Yes, every SSC exam (CGL, CHSL, MTS) has at least 2–3 questions from this topic.

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❓ Q3. Is the profit/loss percentage based on SP or CP?

Ans: Always calculate profit/loss % on Cost Price (CP).

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❓ Q4. Can I solve profit and loss questions without formulas?

Ans: Yes! Use ratio method, common sense, and quick estimation especially for MCQs.

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❓ Q5. Is this topic useful for school students also?

Ans: Definitely! Students of Class 9 & 10 (CBSE/ICSE/State Boards) must learn it for board exams.

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📺 Watch Full Video on YouTube

🎥 Video Title Suggestion:
🔹 Profit & Loss Full Chapter | SSC CGL, SBI PO | Trick + MCQs | Free PDF

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📢 Final Tip

Practice every day and revise shortcuts weekly. This chapter is easy to master, but only if you practice with time-bound worksheets.

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