Profit and Loss
- If the cost price of 23 toys is equal to selling price of 20 toys. Then the gain or loss percentage is ?
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Here, a = 23, b = 20
∴ Required percentage profit = [(a - b)/b] x 100 %Correct Option: A
Here, a = 23, b = 20
∴ Required percentage profit = [(a - b)/b] x 100 %
= [(23 - 20)/20] x 100% = 15%
- The cost of price and selling price of an article are in the ratio of the 3 : 7. If the selling price is ₹ 700, then find the cost price
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Let CP = 3x and SP = 7x
According to the question,
7x = 700
∴ x = 100Correct Option: C
Let CP = 3x and SP = 7x
According to the question,
7x = 700
∴ x = 100
∴ CP = 3x = ₹ = 300
- Some apples are bought at 5 for ₹ 10 and sold at 6 for ₹ 15. What is the gain percent ?
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Let number of apples bought = 5 x 6 = 30 [LCM of 5 and 6]
CP = (10/5) x 30 = ₹ 60
SP = (15/6) x 30 = ₹ 75Correct Option: D
Let number of apples bought = 5 x 6 = 30 [LCM of 5 and 6]
CP = (10/5) x 30 = ₹ 60
SP = (15/6) x 30 = ₹ 75
∴ Gain = SP - CP = 75 - 60 = ₹ 15
∴ Gain % = (15/60) x 100 % = 25%
- The profit earned after selling an article for ₹ 625 is same as the loss incurred after selling the article for ₹ 435. The cost price of the article is
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Let CP = x
According to the question,
625 - x = x - 435Correct Option: B
Let CP = x
According to the question,
625 - x = x - 435
⇒ 2x = 1060
⇒ x = 1060/2 = ₹ 530
- If the difference between the selling prices of an article at profit of 6% and 4% ₹ 3, then the cost price of the article should be ?
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Let CP = N
According to the question
(106N/100) - (104N/100) = 3Correct Option: B
Let CP = N
According to the question
(106N/100) - (104N/100) = 3
⇒ 2N/100 = 3
∴ N = 300/2
= ₹ 150