Profit and Loss


  1. On selling an article for Rs. 240, a trader loses 4%. In order to gain 10 % he must sell that article for









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    Let the CP be Rs. x , then SP be 0.96x
    ∴ 0.96x = 240

    Correct Option: A

    Let the CP be Rs. x , then SP be 0.96x
    ∴ 0.96x = 240
    ⇒ x = 250

    Now the new SP = 250 X 1.1 = 275


  1. By selling 12 apples for a rupee, a man loses 20%. How many for a rupee should he sell to gain 20%









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    SP = 100/12 paise
    Let's CP = x
    SP = 0.8x = 100/12
    ∴ x = 10/(0.8x12) paise
    Therefore, CP = 100/9.6 paise

    Correct Option: A

    SP = 100/12 paise
    Let's CP = x
    SP = 0.8x = 100/12
    ∴ x = 10/(0.8x12) paise
    Therefore, CP = 100/9.6 paise

    Thus the new SP (with 20% profit) = 100/9.6 X 1.2 = 100/8 paise
    Hence, 8 apples can be purchased for Rs.1 to gain 20%



  1. 6 % more is gained by selling a coat for Rs.1425 than by selling it for Rs. 1353. The cost price of the coat is ?









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    6% of cost price (CP) = 1425 - 1353 = 72
    ∴ CP = ( 72 x 100 ) / 6

    Correct Option: D

    6% of cost price (CP) = 1425 - 1353 = 72
    ∴ CP = ( 72 x 100 ) / 6 = 1200


  1. A person sold two cows each for Rs. 9900. If he gained 10% on one and lost 20% on the other, then which of the following is true ?









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    The cost price ( CP ) of profitable cow = 9900 / 1.1 = 9000
    and profit = Rs. 900

    The CP of loss yielding cow = 9900 / 0.8 =12375
    and loss = Rs. 2475

    Correct Option: D

    The cost price ( CP ) of profitable cow = 9900 / 1.1 = 9000
    and profit = Rs. 900

    The CP of loss yielding cow = 9900 / 0.8 =12375
    and loss = Rs. 2475

    So the net loss = 2475 - 900 = 1575



  1. An item costing Rs. 200 is being sold at 10% loss. If the price is further reduces by 5%, the selling price will be ?









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    Selling price = 200 - 10% - 5%

    Correct Option: B

    Selling price after 10 % loss = 200 - 10% = 180
    Selling price after additional 5% loss = 180 - 5% = 171