Profit and Loss


  1. A person sold his watch for ₹ 75 and got a percentage profit equal to the cost price. The cost price of the watch is.









  1. View Hint View Answer Discuss in Forum

    Let CP of the watch be ₹ N.
    Then , According to the question,
    [(75 - N)/ N] x 100 = N

    Correct 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


  1. 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 ?









  1. View Hint View Answer Discuss in Forum

    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

    Correct 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%



  1. 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 ?









  1. View Hint View Answer Discuss in Forum

    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.


  1. By selling 100 pens, a shopkeeper gains the selling price of 40 pens. Find his gain percent.











  1. View Hint View Answer Discuss in Forum

    (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%



  1. 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









  1. View Hint View Answer Discuss in Forum

    Here, a = 16, b = 12
    According to the formula,
    Required gain percent = [(a - b)/b] x 100

    Correct 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)