Profit and Loss

Profit and Loss

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  1. Meera purchased 23 bracelets at the rate of ₹ 160 per bracelet. At what rate per bracelet should she sell the bracelets so that profit earned is 15% ?










  1. View Hint View Answer Discuss in Forum

    Cost price of one bracelet = ₹ 160
    Profit earned = 15%
    ∴ Selling price of one bracelet
    = Cost Price + Profit earned
    = 160 + (160 x 15)/100

    Correct Option: A

    Cost price of one bracelet = ₹ 160
    Profit earned = 15%
    ∴ Selling price of one bracelet
    = Cost Price + Profit earned
    = 160 + (160 x 15)/100
    = 160 + (16 x 15)/10 = 160 + 240/10
    = 160 + 24 = 184 = ₹ 184

    Hence, Meera should sale her bracelet ₹ 184 per piece.

  1. An article is sold for ₹ 300 at a profit of 20%. Had it been sold for ₹ 235, the loss percentage would have been ?








  1. View Hint View Answer Discuss in Forum

    Let the cost price of article = ₹ N
    Then, 120% of N = 300
    ⇒ (120 x N)/100 = 300
    ∴ N = (300 x 100)/120 = ₹ 250
    Now, SP = ₹ 235

    Correct Option: C

    Let the cost price of article = ₹ N
    Then, 120% of N = 300
    ⇒ (120 x N)/100 = 300
    ∴ N = (300 x 100)/120 = ₹ 250
    Now, SP = ₹ 235
    Then, loss percentage = [(250 - 235)/250 ] x 100 = 6%

  1. 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 ?








  1. 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 ₹ 200

    Correct 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

  1. 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 ?










  1. View Hint View Answer Discuss in Forum

    Let the cost price of the shoes = ₹ x
    According to the question,
    2033 - x = x - 1063

    Correct 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

  1. A man sells an article at a profit of 40%. If he had bought it at 40% less and sold for ₹ 5 less, he would have gained 50% . Find the cost price of the article .










  1. View Hint View Answer Discuss in Forum

    Let CP = ₹ 100, then SP = 140
    New CP = ₹ 60 and new SP = (60 x 150)/100 ₹ 90

    According to the question,
    ₹(140 - 90) = ₹ 50 is equivalent to ₹ 5.

    Correct Option: A

    Let CP = ₹ 100, then SP = 140
    New CP = ₹ 60 and new SP = (60 x 150)/100 ₹ 90

    According to the question,
    ₹(140 - 90) = ₹ 50 is equivalent to ₹ 5.
    ∴ ₹ 100 is equivalent to ₹ 10.
    ∴ CP = ₹ 10