Profit and Loss
- A person sold his watch for ₹ 75 and got a percentage profit equal to the cost price. The cost price of the watch is.
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Let CP of the watch be ₹ N.
Then , According to the question,
[(75 - N)/ N] x 100 = NCorrect Option: C
Let CP of the watch be ₹ N.
Then , According to the question,
[(75 - N)/ N] x 100 = N
⇒ (75 - N) x 100 = N2
⇒ N2 + 100N - 7500 = 0
⇒ N2 + 150N - 50N - 7500 = 0
⇒ N(N + 150) - 50 (N + 150) = 0
⇒ (N + 150) (N - 50) = 0
⇒ N = ₹ 50
- Two lots of onions with equal quantity, one costing ₹ 10 per kg and the other costing ₹ 15 per kg, are mixed together and whole lot is sold at ₹ 15 per kg. What is the profit or loss ?
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Let each lot of onion-contain N kg onion,
Then total cost price of these two lots together = 10N + 15N = 25N
Selling price of whole lot = 15 x (N + N) = 15 x 2N = 30NCorrect Option: C
Let each lot of onion-contain N kg onion,
Then total cost price of these two lots together = 10N + 15N = 25N
Selling price of whole lot = 15 x (N + N) = 15 x 2N = 30N
Profit percentage = [(30N - 25N)/25N] x 100 %
= (5/25) x 100%
= 20%
- A dishonest dealer sells his goods at 10% loss on cost price but uses 20% less weight. What is his profit or loss per cent ?
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Here, a = 10% and b = 20%
According to the formula,
Required answer= [b ± a/(100 - b)] x 100 %Correct Option: D
Here, a = 10% and b = 20%
According to the formula,
Required answer= [b ± a/(100 - b)] x 100 %
= (20 - 10)/(100 - 20 ) x 100%
= (10/80) x 100% = 12.5 % gain
+ ve sign show that profit is earned here.
- By selling 100 pens, a shopkeeper gains the selling price of 40 pens. Find his gain percent.
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(SP of 100 pens) - (CP of 100 pens) = SP of 40 pens
⇒ SP of 60 pens = CP of 100 pens.Correct Option: E
(SP of 100 pens) - (CP of 100 pens) = SP of 40 pens
⇒ SP of 60 pens = CP of 100 pens.
Let CP of each pen = ₹ 1
Then, CP of 60 pens = ₹ 60
SP of 60 pens = ₹ 100
Gain = 100 - 60 = ₹ 40
∴ Gain % = (40/60) x 100 % = 66.67%
- If the cost of price of 16 pens is equal to the selling price of 12 pens, then the gain or loss per cent is
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Here, a = 16, b = 12
According to the formula,
Required gain percent = [(a - b)/b] x 100Correct Option: A
Here, a = 16, b = 12
According to the formula,
Required gain percent = [(a - b)/b] x 100
= [(16 - 12)/12] x 100
= (4/12) x 100
= 331/3% (gain)