Profit and Loss
- The loss incurred on selling 21 articles equals the selling price of 3 articles. Then the loss per cent is
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Given in question, S.P. of 3 articles = C.P. of 21 articles – S.P. of 21 articles
⇒ S.P. of 24 articles = C.P. of 21 articles⇒ S.P. = 21 C.P. 24
Loss = 24 - 21 = 3∴ Loss percent = 3 × 100 24 Loss percent = 12 1 % 2
We can find required answer with the help of given formula :
Here, p = 21, q = 3Loss% = q × 100 p + q
Correct Option: C
Given in question, S.P. of 3 articles = C.P. of 21 articles – S.P. of 21 articles
⇒ S.P. of 24 articles = C.P. of 21 articles⇒ S.P. = 21 C.P. 24
Loss = 24 - 21 = 3∴ Loss percent = 3 × 100 24 Loss percent = 12 1 % 2
We can find required answer with the help of given formula :
Here, p = 21, q = 3Loss% = q × 100 p + q Loss% = 3 × 100 21 + 3 Loss% = 100 = 25 = 12 1 % 8 2 2
- A man sold 250 chairs and had a gain equal to selling price of 50 chairs. His profit percent is :
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As we know that ,
Gain = S.P. - C.P.
S.P. of 250 chairs – C.P. of 250 chairs = S.P. of 50 chairs
⇒ S.P. of 200 chairs = C.P. of 250 chairs
Gain = 250 - 200 = 50∴ profit% = 50 × 100 = 25% 200
We can find required answer with the help of given formula :
Here, p = 250, q = 50Profit% = q × 100 p - q
Correct Option: B
As we know that ,
Gain = S.P. - C.P.
S.P. of 250 chairs – C.P. of 250 chairs = S.P. of 50 chairs
⇒ S.P. of 200 chairs = C.P. of 250 chairs
Gain = 250 - 200 = 50∴ profit% = 50 × 100 = 25% 200
We can find required answer with the help of given formula :
Here, p = 250, q = 50Profit% = q × 100 p - q Profit% = 50 × 100 250 - 50 Profit% = 50 = 25% 2
- On selling 17 balls at $ 720, there is a loss equal to the cost price of 5 balls. The cost price (in $) of a ball is
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Let C.P. of a ball = y
S.P. of 17 balls = $ 720
From the question ,
∴ 17y – 720 = 5y
⇒ 17y - 5y = 720Correct Option: D
Let C.P. of a ball = y
S.P. of 17 balls = $ 720
From the question ,
∴ 17y – 720 = 5y
⇒ 17y - 5y = 720
⇒ 12y = 720
⇒ y = $ 60
- Mohan purchased a bag with 20 per cent discount on the labelled price. He sold it at 40 percent profit on the price he bought. The percentage of profit on the labelled price is :
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Let the marked price be Rs. 100.
Mohan’s C.P. = Rs. 80Mohan’s S.P. = 80 × 140 = Rs. 112 100
∴ Required profit percent = 12%Correct Option: B
Let the marked price be Rs. 100.
Mohan’s C.P. = Rs. 80Mohan’s S.P. = 80 × 140 = Rs. 112 100
∴ Required profit percent = 12%
- Last year Mr. A bought two paintings. This year he sold them for Rs. 20,000 each. On one, he made a 25% profit and on the other he had a 25% loss. Then his net profit or loss is
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Here , S.P. of each painting = Rs. 20,000
On 25% profit ,C.P. of first painting = 20000 × 100 100 + 25 C.P. of first painting = 20000 × 100 = Rs. 16000 125
On 25% loss ,C.P. of second painting = 20000 × 100 100 - 25
Correct Option: A
Here , S.P. of each painting = Rs. 20,000
On 25% profit ,C.P. of first painting = 20000 × 100 100 + 25 C.P. of first painting = 20000 × 100 = Rs. 16000 125
On 25% loss ,C.P. of second painting = 20000 × 100 100 - 25 C.P. of second painting = 20000 × 100 = Rs. 26666.7 75
Loss = Total C.P. - Total S.P.
Loss = { (16000 + 26666.7 ) – 2 × 20000 } = Rs. 2666.7
