This document presents fast and efficient methods for solving profit and loss related problems. It introduces common profit and loss concepts and formulas. It then describes two specific trick types for quickly solving profit and loss questions that frequently appear on exams. The first trick type involves solving for profit or loss percentage given purchase and sale quantities and prices. The second trick type involves finding the sale price needed to achieve a given percentage of gain or loss, given an original sale price and percentage of gain or loss. The methods aim to provide faster ways to solve problems within the time constraints of exams.