Profit and Loss
- Anita purchased a bicycle at cost of ₹ 3200. She sold it at a loss of ₹ 240. At what price did she sell the bicycle ?
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We know that
Loss = CP - SPCorrect Option: A
We know that
Loss = CP - SP
240 = 3200 - SP
∴ SP = 3200 - 240 = ₹ 2960
- Find the CP when SP is ₹ 400 and loss is 70 % ?
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CP = {100/(100 - Loss%)} x SP
Correct Option: A
CP = (100/30) x 400 = ₹ 4000/3
[∵ CP = {100/(100 - Loss%)} x SP]
- By selling a cycle for ₹ 2345, a student loses 19%. His cost price is nearly ?
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Let cost price be ₹ N.
Selling price = 2345
Loss = 19%
Cost price, N = (SP x 100)/(100 - Loss%)Correct Option: C
Let cost price be ₹ N.
Selling price = 2345
Loss = 19%
Cost price, N = (SP x 100)/(100 - Loss%)
= (2345 x 100)/(100 - 19%)
⇒ N = 234500/81 = ₹ 2895 ≈ ₹ 3000
- A man loses 10% by selling an article for ₹ 180. At what price should he sell it to gain 10% ?
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CP of the article = (180 x 100)/90 = ₹ 200
To gain 10% SP of article = 110% of 200Correct Option: A
CP of the article = (180 x 100)/90 = ₹ 200
To gain 10% SP of article = 110% of 200 = ₹ 220
- A calculator is bought for ₹ 350 and sold at a gain of 15%. What will be the selling price of calculator (in ₹) ?
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Given, CP = ₹ 350 and gain = 15%
∴ SP = [(100 + Gain%) / 100] x CPCorrect Option: D
Given, CP = ₹ 350 and gain = 15%
∴ SP = [(100 + Gain%) / 100] x CP
= (115/100) x 350 = 115 x (7/2)
= ₹ 402.50
