Profit and Loss
- Rohit sold his car at 10% below the cost price to Amit. Amit got the car repaired and spent Rs. 5,000. He then sold the car to Rajesh at 20% above the total cost, which is equal to Rs. 1,00,000. Find the original price of the car (nearest to hundred).
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Suppose Original price of car = Rs. y
C.P. of car for Amit = 90 × y = Rs. 9y 100 10 Actual C.P. = Rs. 9y + 5000 10
According to the question,9y + 5000 × 120 = 100000 10 100 ⇒ 9y + 5000 = 100000 × 100 ≈ 83300 10 120
Correct Option: C
Suppose Original price of car = Rs. y
C.P. of car for Amit = 90 × y = Rs. 9y 100 10 Actual C.P. = Rs. 9y + 5000 10
According to the question,9y + 5000 × 120 = 100000 10 100 ⇒ 9y + 5000 = 100000 × 100 ≈ 83300 10 120 ⇒ 9y ≈ 83300 - 5000 ≈ 78300 10 ⇒ y ≈ 78300 × 10 ≈ Rs. 87000 9
- A fruit seller buys 240 apples for Rs. 600. Some of these apples are bad and are thrown away. He sells the remaining apples at Rs. 3.50 each and makes a profit of Rs.198. The percent of apples thrown away are
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Here , C.P. of 240 apples = Rs. 600.
C.P. of an apple = 600 = Rs. 2.5 240
S.P. of an apple = Rs. 3.5
Total profit = Rs. 198
Total S.P. = Rs. (600 + 198) = Rs. 798∴ Number of apples sold = 798 = 228 3.5
∴ Bad apples = 240 – 228 = 12
Correct Option: C
Here , C.P. of 240 apples = Rs. 600.
C.P. of an apple = 600 = Rs. 2.5 240
S.P. of an apple = Rs. 3.5
Total profit = Rs. 198
Total S.P. = Rs. (600 + 198) = Rs. 798∴ Number of apples sold = 798 = 228 3.5
∴ Bad apples = 240 – 228 = 12∴ Required percent = 12 × 100 = 5 % 240
- A trader marks his goods 20% above cost price but allows his customers a discount of 10%, the cost price of a blackboard, which is sold for Rs. 216, is
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Let C.P. of article = Rs. 100
∴ Marked price = Rs. 120∴ S.P. of article = 120 × 90 = Rs. 108 100
∵ If S.P. = Rs. 108,
C.P. = Rs. 100
∴ If S.P. = Rs. 216,
Correct Option: C
Let C.P. of article = Rs. 100
∴ Marked price = Rs. 120∴ S.P. of article = 120 × 90 = Rs. 108 100
∵ If S.P. = Rs. 108,
C.P. = Rs. 100
∴ If S.P. = Rs. 216,C.P. = 100 × 216 = Rs. 200 108
- A merchant bought 200 eggs, out of which 38 eggs were broken. He sold the remaining eggs at the rate of Rs. 4.80 per dozen and thus gained 8%. His total investment is
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Let. C.P. of 200 eggs be Rs. y,
If 38 eggs are broken , then
Remaining eggs = 200 – 38 = 162 eggs
S.P. of remaining 12 eggs = Rs 4.80∴ S.P. of remaining 162 eggs = Rs. 1 (162 × 4.80) 12 = Rs. 777.6 = Rs. 64.8 12
∴ 108% of y = 64.8
Correct Option: B
Let. C.P. of 200 eggs be Rs. y,
If 38 eggs are broken , then
Remaining eggs = 200 – 38 = 162 eggs
S.P. of remaining 12 eggs = Rs 4.80∴ S.P. of remaining 162 eggs = Rs. 1 (162 × 4.80) 12 = Rs. 777.6 = Rs. 64.8 12
∴ 108% of y = 64.8⇒ y × 108 = 64.8 100 ⇒ y = 64.8 × 100 = Rs. 60 108
- A milkman mixes water with milk and sells the mixture at the cost price of pure milk. The volume of water in litres to be mixed with each litre of milk to get a 25% profit is
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Suppose C.P. of 1 litre of milk = $ 1
S.P. of 1 litre of mixture = $ 1∴ C.P. of 1 litre of mixture = 100 × 1 = $ 4 125 5 Milk : Water = 4 : 1 = 4 : 1 5 5
Sum of the Ratios = 4 + 1 = 5
Correct Option: B
Suppose C.P. of 1 litre of milk = $ 1
S.P. of 1 litre of mixture = $ 1∴ C.P. of 1 litre of mixture = 100 × 1 = $ 4 125 5 Milk : Water = 4 : 1 = 4 : 1 5 5
Sum of the Ratios = 4 + 1 = 5Volume of water mixed = Ratio of water Sum of the ratios Volume of water mixed = 1 5