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Aptitude Shortcuts and Mind Tricks for Profit and Loss Problems Type-II:
Model Question:
1.) At What percent above the cost price must a shopkeeper mark his goods so that
he gains 20% even after giving a discount of 10% on the market price?
Shortcut Methods:
Always take Cost Price and market price as 100%
From the above problem, he gains 20% from C.P and Gives 10% discount in
M.P, for this case use this below format.
100% + 20% of C.P = 100% - 10% of M.P
Take C.P as x and M.P as y.
120% x= 90%y
120

90

= 1.33 (We need in Percentage so multiply it by 100)


= 133.33%

Subtract the C.P from the answer, 133.33- 100 = 33.33%


So, if the shop keeper increases 33.33% from the C.P then he can get 20% of profit
after giving 10% discount from the Market Price.

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2). A Shopkeeper gains 40% from the cost price after giving 20% of discount from
the market price, then at what percentage did he increase the C.P?
Shortcut Methods:
From the above problem, he gains 40% from C.P and Gives 20% discount in
M.P, for this case use this below format.
100% + 40% of C.P = 100% - 20% of M.P
Take C.P as x and M.P as y.
140% x= 80%y
140

80

= 1.75 (We need in Percentage so multiply it by 100)


= 175%

Subtract the C.P from the answer, 175- 100 = 75%


So, if the shop keeper increases 75% from the C.P then he can get 40% of profit after
giving 20% discount from the Market Price.

If you have any doubt in the above shortcut method, contact us via
Email: admin@ibpsguide.com

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