Profit and Loss
- Nisha bought a number of oranges at 2 for a rupee and an equal number at 3 for a rupee. To make a profit of 20% she should sell a dozen for
-
View Hint View Answer Discuss in Forum
Let Total oranges bought = 12 or dozen
∴ Their cost price = 3 + 2 = 5
For profit of 20%,∴ Selling Price = Cost price × ( 100 + Profit% ) 100
Correct Option: A
Let Total oranges bought = 12 or dozen
∴ Their cost price = 3 + 2 = 5
For profit of 20%,∴ Selling Price = Cost price × ( 100 + Profit% ) 100 Selling Price = 5 × 120 = $ 6 100
- There is a profit of 20% on the cost price of an article. The % of profit, when calculated on selling price is
-
View Hint View Answer Discuss in Forum
Let Cost Price of article = $ y
For Profit of 20% ,Selling Price = 120y = $ 6y 100 5 Gain = 6y - y = 6y - 5y 5 5 Gain = $ y 5 ∴ Gain percent = Gain × 100 Selling Price
Correct Option: A
Let Cost Price of article = $ y
For Profit of 20% ,Selling Price = 120y = $ 6y 100 5 Gain = 6y - y = 6y - 5y 5 5 Gain = $ y 5 ∴ Gain percent = Gain × 100 Selling Price Gain percent = (y / 5) × 100 = 50 (6y / 5y) 3 Gain percent = 16 2 % 3
-
If selling price of an article is 1 1 of cost price, find gain %. 3
-
View Hint View Answer Discuss in Forum
Let Cost Price of article = y
Selling Price of article = $ 4y 3
Gain = Selling Price - Cost PriceGain = 4y - y = 4y - 3y 3 3 Gain = $ y 3
∴
Gain% =Gain × 100 Cost Price
Correct Option: B
Let Cost Price of article = y
Selling Price of article = $ 4y 3
Gain = Selling Price - Cost PriceGain = 4y - y = 4y - 3y 3 3 Gain = $ y 3
∴
Gain% =Gain × 100 Cost Price Gain percent = (y / 3) × 100 y = 100 = 33 1 % 3 3
- A merchant loses 10% by selling an article. If the cost price of the article is $ 15, then the selling price of the article is
-
View Hint View Answer Discuss in Forum
Given that , Lose = 10% and Cost price of the article = $ 15
Selling price of article = (100 – loss%) × Cost price 100
Correct Option: D
Given that , Lose = 10% and Cost price of the article = $ 15
Selling price of article = (100 – loss%) × Cost price 100 Selling price of article = ( 100 - 10 ) × 15 = 90 × 15 = $ 13.50 100 100
- Pooja wants to sell a watch at a profit of 20%. She bought it at 10% less and sold it at $ 30 less, but still she gained 20%. The cost price of watch is
-
View Hint View Answer Discuss in Forum
Let Cost Price of watch = Rs. y
∴ Selling Price = 120y = Rs. 6y 100 5
Case II,Cost Price = Rs. 9y 10 Selling Price = Rs. 6y - 30 5
According to the question,6y - 30 = 9y × 120 5 10 100
Correct Option: C
Let Cost Price of watch = Rs. y
∴ Selling Price = 120y = Rs. 6y 100 5
Case II,Cost Price = Rs. 9y 10 Selling Price = Rs. 6y - 30 5
According to the question,6y - 30 = 9y × 120 5 10 100 6y - 30 = 27y 5 25 ⇒ 6y - 27y = 30 5 25
⇒ 3y = 30 × 25⇒ y = 30 × 25 = Rs. 250 3