Profit and Loss


  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. A trader sells wheat at 20% profit and uses weight 20% less than the actual measure. His gain per cent is ?









  1. View Hint View Answer Discuss in Forum

    Let the market weight = 1 kg = 1000 g
    Real weight = 80% of 1000 = 800 g
    Let the CP of 1 g = ₹ 1
    ∴ CP of 800 g = ₹ 800,
    CP of 1000 g = ₹ 1000
    SP = 120% of 1000 = (120/100) x 1000 = ₹ 1200

    Correct Option: D

    Let the market weight = 1 kg = 1000 g
    Real weight = 80% of 1000 = 800 g
    Let the CP of 1 g = ₹ 1
    ∴ CP of 800 g = ₹ 800,
    CP of 1000 g = ₹ 1000
    SP = 120% of 1000 = (120/100) x 1000 = ₹ 1200
    Gain = 1200 - 800 = ₹ 400
    ∴ Gain % = (400/800) x 100% = 50%



  1. A dishonest dealer sells his goods at 10% loss on cost price and uses 30% less weight. What is his profit or loss per cent ?









  1. View Hint View Answer Discuss in Forum

    Given that, a = 10% and b = 30%
    According to the formula,
    Required per cent = [(b - a)/(100 - b)] x 100

    Correct Option: D

    Given that, a = 10% and b = 30%
    According to the formula,
    Required per cent = [(b - a)/(100 - b)] x 100
    = [(30 - 10)/(100 - 30)] x 100
    = (20/70) x 100 = 200/7%
    = 284/7% profit


  1. A dishonest dealer professes to sell his goods at cost price but he uses a weight of 920 g for 1 kg weight. Find his gain per cent











  1. View Hint View Answer Discuss in Forum

    According to the formula,
    Gain% = [Error / (True value - Error)] x 100%
    = [80/(100 - 80)] x 100%

    Correct Option: B

    According to the formula,
    Gain% = [Error / (True value - Error)] x 100%
    = [80/(100 - 80)] x 100%
    = (80/920) x 100%
    = 816/23 %



  1. A dealer sells goods at 4% loss on cost price but he uses 28 g instead of 32 g. What is his per cent profit or loss ?











  1. View Hint View Answer Discuss in Forum

    Given that, a = 4%, b = 28 g and c = 32 g
    Required profit = [(100 - a) x (c/b) -100] %
    =[(100 - 4) x (32/28) - 100] %
    = [96 x (32/28) - 100]%

    Correct Option: A

    Given that, a = 4%, b = 28 g and c = 32 g
    Required profit = [(100 - a) x (c/b) -100] %
    =[(100 - 4) x (32/28) - 100] %
    = [96 x (32/28) - 100]%
    = [(96 x 8)/7 - 100]%
    = (768 - 700)/7 %
    = 68/7 %
    = 95/7 % gain
    + ve sign shows that profit is earned here.