Profit and Loss

Profit and Loss

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  1. What is percentage profit in selling an article at a discount of 20% which was earlier being sold at a 40% profit ?








  1. View Hint View Answer Discuss in Forum

    Initially :
    CP =100
    SP = 140 (Since profit = 40 %)

    New price :
    CP =100
    SP = 140 - 20% = 112
    MP = 140

    Correct Option: D

    Initially :
    CP =100
    SP = 140 (Since profit = 40 %)

    New price :
    CP =100
    SP = 140 - 20% = 112
    MP = 140

    Profit % = [(112 - 100 )/100] = 12 %

  1. The ratio of cost price and marked price of an article is 2:3 and ratio of percentage profit and percentage discount is 3 : 2 what is the discount percentage ?








  1. View Hint View Answer Discuss in Forum

    CP : MP = 2y : 3y
    profit = y
    (%) profit : (%) discount =3 : 2

    Let CP=200, SP=300
    So [ (3y / 100) x 200 ] + [(2y/100) x 300] = 100

    Correct Option: A

    CP : MP = 2y : 3y
    profit = y
    (%) profit : (%) discount =3 : 2

    Let CP=200, SP=300
    So [ (3y / 100) x 200 ] + [(2y/100) x 300] = 100
    y= 8.33 %
    Discount 2y = 16.66 %

  1. A trader sells 20 kg of sugar at Rs. 400. A customer asks 20% discount and he agrees to it but instead of 1 kg he gives 4% less sugar. what is the effective discount that the customer gets ?








  1. View Hint View Answer Discuss in Forum

    Let the MP = Re. 1 per kg then
    Initially :
    Weight = 100 kg
    MP = Rs. 100
    Rate = 1 Rs / kg.

    Finally :
    Weight = 96 kg
    MP = Rs. 96
    Rate = 80 / SP = 80/96

    Correct Option: B

    Let the MP = Re. 1 per kg then
    Initially :
    Weight = 100 kg
    MP = Rs. 100
    Rate = 1 Rs / kg.

    Finally :
    Weight = 96 kg
    MP = Rs. 96
    Rate = 80 / SP = 80/96

    Effective discount = 1- 80 / 96 = 16 / 96
    % discount = [(16 / 96) ]x 100 = 16.66 %

  1. A trader mixes 25% kerosene to his petrol and then he sells the whole mixture at the price of petrol. if the cost price of kerosene be 50 % of the cost price of petrol, what is the net profit percentage ?








  1. View Hint View Answer Discuss in Forum

    K = 1 litre, price of K = 1
    P = 4 litre price of P = 2

    price of total (new) mixture = 1 X 1 + 4 X 2 = Rs. 9
    price of pure petrol of same quantity = 5 X 2 = Rs. 10

    Correct Option: A

    K = 1 litre, price of K = 1
    P = 4 litre price of P = 2

    price of total (new) mixture = 1 X 1 + 4 X 2 = Rs. 9
    price of pure petrol of same quantity = 5 X 2 = Rs. 10
    Percentage profit = [(10-9) / 9] x 100 = 111/9 %

  1. A trader procures his goods from a wholesaler, whose balance reads 1200 g from 1000 g . The trader sells all the procured goods to a customer after marking up the goods at 20% above the cost price. what is his overall percentage profit or loss in the whole transaction ?








  1. View Hint View Answer Discuss in Forum

    If CP be Rs. 1g, then he pay Rs. 1200 for 1000 g
    Again he obtains Rs. 1200 for 1000 g (by selling at 20% profit) Thus there is no loss no gain.

    Correct Option: C

    If CP be Rs. 1g, then he pay Rs. 1200 for 1000 g
    Again he obtains Rs. 1200 for 1000 g (by selling at 20% profit) Thus there is no loss no gain.