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Aptitude Shortcuts and Mind Tricks for Profit and Loss Problems:
Model Question in Profit and Loss Method:
1.) A sells a bicycle to B at a profit of 20%, and B sells it to C at a profit of 25%. If C pays Rs.
225 for it, then what is the Cost Price of A?
Shortcut Method:
X(Cost Prize of A)
120 (+20% )
100 ( %)
125 (+25 % )
100 ( %)
= 225
X 100
125
100
= 225,
140 (+40% )
100 ( %)
80 (20 % )
100 ( %)
= 140
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This is the rapid method for solving this type of problems.
Solution:
140
X 100
80
100
= 140,
115 (+15% )
100 ( %)
80 (20% )
100 ( %)
75 (25% )
100 ( %)
=X
500 100
80
100
75
100
= X,