Profit and Loss
- The selling price of an article is (8 / 5) th of its cost price. Then the gain percentage is
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C.P. of article = Rs. y
∴ Its S.P. = Rs. 8y 5 Profit = 8y - y = 8y - 5y 5 5 Profit = Rs. 3y 5
Correct Option: C
C.P. of article = Rs. y
∴ Its S.P. = Rs. 8y 5 Profit = 8y - y = 8y - 5y 5 5 Profit = Rs. 3y 5 ∴ Profit percent = (3y / 5) × 100 y Profit percent = 3 × 100 = 60% 5
- Mr. Y purchased a flat for $ 9,25, 000 and spent $ 35, 000 for its renovation. If he sold the flat for $ 10, 80, 000 then his profit per cent is
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From the question ,
Actual cost price of flat = $ (925000 + 35000) = $ 960000
S.P. of flat = $ 1080000
Profit = (1080000 – 960000) = $ 120000Profit percent = Profit × 100 Actual cost price of flat
Correct Option: D
From the question ,
Actual cost price of flat = $ (925000 + 35000) = $ 960000
S.P. of flat = $ 1080000
Profit = (1080000 – 960000) = $ 120000Profit percent = Profit × 100 Actual cost price of flat Profit percent = 120000 × 100 = 12.5% 960000
- Sourav purchased 30 kg of rice at the rate of $ 10 per kg and 35 kg at the rate of $ 11 per kg. He mixed the two. At what price per kg (in $) should he sell the mixture to make a 30% profit in the transaction?
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As per the given in question ,
Total cost of rice = $ (30 × 10 + 35 × 11)
Total cost of rice = $ (300 + 385) = $ 685
On 30% profit ,Required S.P. = Rs 
685 × 130 
100
Correct Option: C
As per the given in question ,
Total cost of rice = $ (30 × 10 + 35 × 11)
Total cost of rice = $ (300 + 385) = $ 685
On 30% profit ,Required S.P. = Rs 685 × 130 100 Rate per kg = 685 × 130 = $ 13.7 65 × 100
- By selling 90 ball pens for $ 160 a person loses 20%. The number of ball pens, which should be sold for $ 96 so as to have a profit of 20% is
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Given that , S.P. of 90 ball pens = $ 160
On 20% lose ,C.P. of 90 ball pens = 100 × S.P. 100 - Loss% C.P. of 90 ball pens = 100 × 160 = $ 200 80 S.P. for a gain of 20% = 200 × 120 = $ 240 100
Correct Option: A
Given that , S.P. of 90 ball pens = $ 160
On 20% lose ,C.P. of 90 ball pens = 100 × S.P. 100 - Loss% C.P. of 90 ball pens = 100 × 160 = $ 200 80 S.P. for a gain of 20% = 200 × 120 = $ 240 100
∵ $ 240 = 90 ball pens∴ $ 96 = 90 × 96 = 36 240
- By selling 80 ball pens for $ 140 a retailer loses 30%. How many ball pens should he sell for $ 104 so as to make a profit of 30%?
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Here , S.P. of 80 ball pens = $ 140
On 30% loss ,∴ C.P. of 80 ball pens = S.P. × 100 100 - Loss% C.P. of 80 ball pens = 140 × 100 = $ 200 70
For a gain of 30% ,
Correct Option: A
Here , S.P. of 80 ball pens = $ 140
On 30% loss ,∴ C.P. of 80 ball pens = S.P. × 100 100 - Loss% C.P. of 80 ball pens = 140 × 100 = $ 200 70
For a gain of 30% ,S.P. = 120 × 130 = $ 260 100
∴ $ 260 = 80 ball pens∴ $ 104 = 80 × 104 = 32 260
