Profit and Loss
- The profit earned after selling a pair of shoes for ₹ 2033 is the same as the loss incurred after selling the same pair of shoes for ₹ 1063. What is the cost price of the shoes ?
-
View Hint View Answer Discuss in Forum
Let the cost price of the shoes = ₹ x
According to the question,
2033 - x = x - 1063Correct Option: B
Let the cost price of the shoes = ₹ x
According to the question,
2033 - x = x - 1063
⇒ 2x = 2033 + 1063 = 3096
∴ x = 3096/2 = ₹ 1548
- Neeta got profit of 10% on selling an article in ₹ 220. To get the profit of 30%, she should sell the article in how many rupees ?
-
View Hint View Answer Discuss in Forum
Let cost price of an article = (220 x 100)/110 = ₹ 200
For getting the profit of 30%, Selling price of an article = 130% of ₹ 200Correct Option: C
Let cost price of an article = (220 x 100)/110 = ₹ 200
For getting the profit of 30%, Selling price of an article = 130% of ₹ 200
= (130/100) x 200 = ₹ 260
- A person sold an article for ₹ 3600 and got a profit of 20%. Had he sold the article for ₹ 3150, how much profit would he have got ?
-
View Hint View Answer Discuss in Forum
Let the cost price of the article be ₹ N.
Now, N + 20N/100 = 3600
⇒ 120N/100 = 3600
∴ N = 3000
Now, profit percentage when the article is sold for ₹ 3150 = [(3150 - 3000)/3000] x 100Correct Option: B
Let the cost price of the article be ₹ N.
Now, N + 20N/100 = 3600
⇒ 120N/100 = 3600
∴ N = 3000
Now, profit percentage when the article is sold for ₹ 3150 = [(3150 - 3000)/3000] x 100
= (150/3000) x 100 = 5%
- A trader buys some goods for ₹ 150. If the overhead expenses be 12% of the cost price, at what price should it be sold to earn 10% ?
-
View Hint View Answer Discuss in Forum
Total CP = (CP + Overhead expenses)
= 150 + 12% of 150
= 150 + (12/100) x 150 = ₹ 168Correct Option: A
Total CP = (CP + Overhead expenses)
= 150 + 12% of 150
= 150 + (12/100) x 150 = ₹ 168
Given that, gain = 10%
∴ SP = (110/100) x 168 = ₹ 184.80
- If a watch is sold for ₹ 120, there is a loss of 15%. For a profit of 2%, the watch is to be sold for
-
View Hint View Answer Discuss in Forum
SP = ₹ 120 and loss = 15%
∴ CP = (100/85) x 120 = 2400/17,
Gain = 2%
∴ Required SP = (102/100) x (2400/17)Correct Option: A
SP = ₹ 120 and loss = 15%
∴ CP = (100/85) x 120 = 2400/17,
Gain = 2%
∴ Required SP = (102/100) x (2400/17) = ₹ 144