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PROFIT & LOSS

S .P 100 + P 100 + P = S .P = C .P C .P 100 100

C .P S .P ii)Similarly loss percent (l) = 100 C .P

iii) If an article is sold for two different prices (S.P1 and S.P2) such that there will be two
S .P 100 + P1 1 = . S .P2 100 + P2

Note: In case of loss treat that loss as negative profit. percent is given by
M N P= 100. N

v) If an article is sold after allowing a certain discount (d%) on marked price (M.P.) then the selling price (S.P.) is given by S.P. = (100 d)% M.P

vi) If the marked price of an article is a% above the cost price and a discount d% is allowed then the profit percent (p) would be

S
p =ad

ad p+d a= 100 100 d

A
d1d 2 100

If (MN) is negative then treat profit as loss.

vii) If an article is sold after allowing two successive discounts of d1% selling price (S.P) is given by S.P =
100 d1 100 d 2 M .P 100 100

S
100 d =

iv) If the Cost price of M articles is equal to the selling price of N articles then the profit

H
( a p ) 100 (100 + a)

Then

viii) Two successive discounts of d1 and d2 are equivalent to a single discount of

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and d2% then

profit percents (P1 and P2) respectively.

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PROBLEMS 1. The cost price : selling price of an article is a : b. If b is 200% of a then the percentage of profit on cost price is? 1) 75% Ans: 3 Solution: Gain percentage = b = 200% a b = 2a

2) 125%

3) 100%

4) 200%

5) None of these

S .P C .P ba 100 = 100 C.P a

ba 2a a 100 = 100 = 1 100 = 100 a a

price of the hard disk? 1) 6,084 Ans: 5 Solution: C.P = 6,900

2) 6,076

3) 6,0 62 l = 12S.P = ?

H
4) 6,074
=

3. Charan purchased a mobile phone and a refrigerator for 15,400 and 19,600 respectively. He sold mobile phone for a profit of 15 percent and the refrigerator for a 1) Loss of 1,620 3) Loss of 1,610 Ans: 3

A
C.Pr = 19600, l = 20

loss of 20 percent. What is his overall loss/profit? 2) Profit of 1,620 5) None of these 4) No gain no loss

Solution: C.Pm = 15400, p = 15,

S
C.P > S.P,

115 100 + 15 S.Pm = 15400 = 17710 15400 = 100 100

Total C.P. = 15400 + 19600 = 35000 Total S.P. = 17710 + 15680 = 33390
Q

loss = 35000 33390 = 1610

100 12 S .P = 6,900 100

88 6900 = 6072 100

80 100 20 S.Pr = 19600 = 15680 19600 = 100 100

2. Rahul purchased a hard disk for 6,900 and sold it for a loss of 12%. What is the selling 5) None of these

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4. A shopkeeper purchases 12 balloons for 10 and sells them at 10 balloons for 12. Thus, he earns a profit of? 1) 35% Ans: 3 Solution: Number of balloons purchased and sold be = L.C.M (12, 10) = 60
C.P = 60 10 = 50 12

2) 36%

3) 44%

4) 45%

5) None of these

S.P =

60 12 = 72 10

P=

72 50 22 10 0 = 44% 100 = 50 50

5. By selling 12 oranges for 60, a man loses 25%. The number of oranges he has to sell for 100, so as to gain 25% is? 1) 10 Ans: 3 Solution: S.P1 =
S .P 100 + P 1 1 = S .P2 100 + P2

2) 11
60 = 5, 12

3) 12

4) 15

P1 = 25%, S.P2 = ?, P2 = 25%

3) 25%
P=

5 100 25 = ? 100 + 25

5 75 = ? 125

The shopkeeper has to sell each orange at Rs 25/3. So for Rs 100, he has to sell
100 3 = 12 oranges 25

6. The cost price of 400 lemons is equal to the selling price of 320 lemons. Then the profit percent is 1) 15% Ans: 3 2) 20% 4) 40% 5) None of these

S
2) 1

Solution: 400 C.P = 320 S.P

7. A man sells two tables at the same price. On one he makes a profit of 10% and on the other he suffers a loss of 10%. His loss per cent on the whole transactions is? 1) 0 Ans: 2 Solution: Profit = 10%, loss = 10% Overall loss % =
x 2 10 10 = =1 100 100
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K
400 320 80 100 = 100 = 25% 320 320

3) 2

H
?= 5 125 25 = 75 3

4) 5

5) None of these

5) None of these

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8. If a shopkeeper marks the price of goods 50% more than their cost price and allows a discount of 40%, what is his gain or loss percent? 1) Gain of 10% 4) Loss of 20% Ans: 2 Solution: Let C.P. = 100, M.P. = 150, d = 40%.
S .P =
Q

2) Loss of 10% 5) None of these

3) Gain of 20%

60 150 = 6 15 = 90 100

C.P. = 100, S.P = 90, l =10%

9. Prof. Chakravarthy bought a car and got 15% of its original price as a dealer's discount. on the original price? 1) 2% Ans: 1 2) 12% 3) 5%

Solution: Let the original price be 100. Then C.P = 85, S.P =
Q

Original price is 100, percentage profit on the original price = 102 100 = 2%

increased by 20% and selling price is increased by 20%, the profit doubles. If original marked price is 300, then original selling price is? 1) 200 Ans: 2

S
2) 250
150

A
100

10. The marked price of an article is 50% above cost price. When marked price is

K
3) 240

120 85 = 102 100

S
4) 275 5) None of these

Solution: Original M.P. = 300, Original C.P = 300 100 = 200 Let the original S.P. be x. Then original Profit = x 200. If the S.P is increased by 20%, then new S .P = 120 x = 1.2 x.
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H
4) 17%

He then sold it at 20% profit on his purchase price. What percentage profit did he get 5) None of these

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Then new Profit = 1.2 x 200 Given 1.2 x 200 = 2(x 200) 2x 1.2 x = 400 200 0.8 x = 200
x = 200 = 250 0.8

11. A shopkeeper placed on display some shirts each with a marked price. He then posted a board "1/4 off on shirts". If the cost of a shirt was 2/3 of the price at which it was actually sold, the ratio of cost and marked price of shirt was? Ans: 1 Solution: Let the M.P be 400.
Q

Discount is 1/4, S.P. will be 3/4 of M.P.

2 C.P = 2 of S.P = 300 = 200

C.P. : M.P. = 200 : 400 = 1 : 2

10%. The selling price of the article (in rupees) is? 1) 350 Ans: 3 2) 375 3) 360 4) 400 5) None of these

Solution: S.P = (100d1)% (100d2)% M.P S.P = (10020)% (10010) 500

13. The successive discounts of 10% and 20% are equivalent to a single discount of? 1) 30% Ans: 2 Solution: Single equivalent discount 'd' =
10 + 20 10 20 = 30 2 = 28% 100
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S
2) 28%

12. The marked price of an article is 500. It is sold at successive discounts of 20% and

K
3) 25%

S
4) 27% 5) None of these

S .P =

1) 1:2

2) 1:3

3) 2:3

4) 3:4

5) None of these

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14. A single discount equivalent to discount series 20%, 20% and 10% is? 1) 50% Ans: 3 Solution: Single equivalent discount for series 20% and 20% =
20 + 20 20 20 = 40 4 = 36% 100

2) 48.4%

3) 42.4%

4) 40.4%

5) None

Single equivalent discount for series 36% and 10% =

S
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