Profit and Loss


  1. A shopkeeper sells eggs at 20 for a rupee gaining 30%. How many eggs did he buy for a rupee ?











  1. View Hint View Answer Discuss in Forum

    SP of 20 eggs = ₹ 1 and gain = 30%
    CP of 20 eggs = (1 x 100)/130 = ₹ 10/13
    Now, ₹ 10/13 yields 20 eggs.

    Correct Option: D

    SP of 20 eggs = ₹ 1 and gain = 30%
    CP of 20 eggs = (1 x 100)/130 = ₹ 10/13
    Now, ₹ 10/13 yields 20 eggs.
    ∴ ₹ 1 will yield (20 x 13)/10 = 26 eggs
    Clearly, 26 eggs were bought for ₹ 1.


  1. A man brought toffees at 6 for a rupee. How many toffees for a rupee must he sell to gain in 50%. ?











  1. View Hint View Answer Discuss in Forum

    CP of 6 toffees = ₹ 1,
    SP of 6 toffees = 150% of 1 = 150/100 = 3/2

    Correct Option: C

    CP of 6 toffees = ₹ 1,
    SP of 6 toffees = 150% of 1 = 150/100 = 3/2
    ∵ For ₹ 3/2, the number of toffees sold = 6
    ∴ For ₹ 1, the number of toffees sold = 6 x (2/3) = 4



  1. A merchant fixed the selling price of his articles at ₹ 700 after adding 40% profit to the cost price. As the sale was very low at this price level, he decided to fix at the selling price at 10% profit. Find the new selling price









  1. View Hint View Answer Discuss in Forum

    Let cost price = ₹ N
    According to the question,
    N x [(100 + 40)/100] = 700,

    Correct Option: D

    Let cost price = ₹ N
    According to the question,
    N x [(100 + 40)/100] = 700,
    ⇒ N = (700 x 100)/140 = 500
    ∴ New selling price = 500 x (100 + 10)/100
    = 5 x 110 = 550
    = ₹ 550


  1. By selling a cellphone for ₹ 2400, a shopkeeper make a profit of 25%. Then, his profit percentage, if he had sold it for ₹ 2040, is










  1. View Hint View Answer Discuss in Forum

    SP of cellphone = ₹ 2400
    ∴ CP of cellphone = 2400 x [100/(100 + 25)] = ₹ 1920
    ∴ Required percentage profit = [(2040 - 1920)/1920] x 100

    Correct Option: B

    SP of cellphone = ₹ 2400
    ∴ CP of cellphone = 2400 x [100/(100 + 25)] = ₹ 1920
    ∴ Required percentage profit = [(2040 - 1920)/1920] x 100
    = 6.25%



  1. A man sold an article at loss of 20%. If he sells the article for ₹ 12 more, he would have gained 10%. The cost of price of the article is ?









  1. View Hint View Answer Discuss in Forum

    Let the CP = N
    According to the question, (110N/100) - (80N/100) = 12

    Correct Option: B

    Let the CP = N
    According to the question, (110N/100) - (80N/100) = 12
    ⇒ (11N/10) - (4N/5) = 12
    ⇒ 11N - 8N = 120
    ∴ N = 120/3 = 40
    ∴ CP = ₹ 40