Profit and Loss


  1. Nisha bought a number of oranges at 2 for a rupee and an equal number at 3 for a rupee. To make a profit of 20% she should sell a dozen for









  1. View Hint View Answer Discuss in Forum

    Let Total oranges bought = 12 or dozen
    ∴ Their cost price = 3 + 2 = 5
    For profit of 20%,

    ∴ Selling Price =
    Cost price × ( 100 + Profit% )
    100

    Correct Option: A

    Let Total oranges bought = 12 or dozen
    ∴ Their cost price = 3 + 2 = 5
    For profit of 20%,

    ∴ Selling Price =
    Cost price × ( 100 + Profit% )
    100

    Selling Price =
    5 × 120
    = $ 6
    100


  1. There is a profit of 20% on the cost price of an article. The % of profit, when calculated on selling price is









  1. View Hint View Answer Discuss in Forum

    Let Cost Price of article = $ y
    For Profit of 20% ,

    Selling Price =
    120y
    = $
    6y

    1005

    Gain =
    6y
    - y =
    6y - 5y

    55

    Gain = $
    y
    5

    ∴ Gain percent =
    Gain
    × 100
    Selling Price

    Correct Option: A

    Let Cost Price of article = $ y
    For Profit of 20% ,

    Selling Price =
    120y
    = $
    6y

    1005

    Gain =
    6y
    - y =
    6y - 5y

    55

    Gain = $
    y
    5

    ∴ Gain percent =
    Gain
    × 100
    Selling Price

    Gain percent =
    (y / 5)
    × 100 =
    50
    (6y / 5y)3

    Gain percent = 16
    2
    %
    3



  1. If selling price of an article is 1
    1
    of cost price, find gain %.
    3









  1. View Hint View Answer Discuss in Forum

    Let Cost Price of article = y

    Selling Price of article = $
    4y
    3

    Gain = Selling Price - Cost Price
    Gain =
    4y
    - y =
    4y - 3y

    33

    Gain = $
    y
    3


    Gain% =
    Gain
    × 100
    Cost Price

    Correct Option: B

    Let Cost Price of article = y

    Selling Price of article = $
    4y
    3

    Gain = Selling Price - Cost Price
    Gain =
    4y
    - y =
    4y - 3y

    33

    Gain = $
    y
    3


    Gain% =
    Gain
    × 100
    Cost Price

    Gain percent =
    (y / 3)
    × 100
    y

    =
    100
    = 33
    1
    %
    33


  1. A merchant loses 10% by selling an article. If the cost price of the article is $ 15, then the selling price of the article is









  1. View Hint View Answer Discuss in Forum

    Given that , Lose = 10% and Cost price of the article = $ 15

    Selling price of article =
    (100 – loss%)
    × Cost price
    100

    Correct Option: D

    Given that , Lose = 10% and Cost price of the article = $ 15

    Selling price of article =
    (100 – loss%)
    × Cost price
    100

    Selling price of article =
    ( 100 - 10 )
    × 15 =
    90 × 15
    = $ 13.50
    100100



  1. Pooja wants to sell a watch at a profit of 20%. She bought it at 10% less and sold it at $ 30 less, but still she gained 20%. The cost price of watch is









  1. View Hint View Answer Discuss in Forum

    Let Cost Price of watch = Rs. y

    ∴ Selling Price =
    120y
    = Rs.
    6y

    1005

    Case II,
    Cost Price = Rs.
    9y
    10

    Selling Price = Rs.
    6y
    - 30
    5

    According to the question,
    6y
    - 30 =
    9y
    ×
    120
    510100


    Correct Option: C

    Let Cost Price of watch = Rs. y

    ∴ Selling Price =
    120y
    = Rs.
    6y

    1005

    Case II,
    Cost Price = Rs.
    9y
    10

    Selling Price = Rs.
    6y
    - 30
    5

    According to the question,
    6y
    - 30 =
    9y
    ×
    120
    510100

    6y
    - 30 =
    27y
    525


    6y
    -
    27y
    = 30
    525

    ⇒ 3y = 30 × 25
    ⇒ y =
    30 × 25
    = Rs. 250
    3