Profit and Loss


  1. If the cost price is 95% of the selling price, what is the profit per cent ?









  1. View Hint View Answer Discuss in Forum

    Let SP = SP = ₹ 100
    ∴ CP = ₹ 95
    Profit = 100 - 95 = ₹ 5
    Profit % = (Profit/CP) x 100%

    Correct Option: D

    Let SP = SP = ₹ 100
    ∴ CP = ₹ 95
    Profit = 100 - 95 = ₹ 5
    Profit % = (Profit/CP) x 100%
    = (5/95) x 100% = 5.26%


  1. The owner of a cell phone shop charges his customer 28% more than the cost price. If the customer paid ₹ 8960 for the cell phone, what was the cost price of the cell phone ?











  1. View Hint View Answer Discuss in Forum

    CP = [100/(100 + Gain%)] x SP
    = (8960 x 100)/128

    Correct Option: B

    CP = [100/(100 + Gain%)] x SP
    = (8960 x 100)/128
    = 70 x 100 = ₹ 7000



  1. Selling price of an article is ₹ 2220 and the per cent profit earned is 20%. What is the cost price of the article ?











  1. View Hint View Answer Discuss in Forum

    CP = (100/120) x 2220

    Correct Option: D

    CP = (100/120) x 2220 = ₹ 1850


  1. Rajan sold an articles for ₹ 6000 at a loss of 25%. Find the cost price. ?









  1. View Hint View Answer Discuss in Forum

    CP = [100/(100 - Loss%) ] x SP

    Correct Option: C

    CP = [100/(100 - Loss%) ] x SP
    CP = 6000 x (100/75) = 8000



  1. A fruit-seller buys lemons at 2 for a rupee and sells them at 5 for three rupees What is his gain per cent ?









  1. View Hint View Answer Discuss in Forum

    Since, CP of 2 lemon is ₹ 1
    ∴ CP of 1 lemon is = 1/2 = ₹ 0.5
    SP of 5 lemon is ₹ 3.
    ∴ SP of 1 lemon is = 3/5 = ₹ 0.6
    ∴ Gain percent = [(0.6 - 0.5)/0.5] x 100

    Correct Option: C

    Since, CP of 2 lemon is ₹ 1
    ∴ CP of 1 lemon is = 1/2 = ₹ 0.5
    SP of 5 lemon is ₹ 3.
    ∴ SP of 1 lemon is = 3/5 = ₹ 0.6
    ∴ Gain percent = [(0.6 - 0.5)/0.5] x 100
    = (0.1/0.5) x 100 = 20%