Profit and Loss
- An article was sold at a profit of 12%. If the cost price would be 10% less and selling price would be $ 5.75 more, there would be profit of 30%. Then at what price it should be sold to make a profit of 20 %?
-
View Hint View Answer Discuss in Forum
C.P. of article = $ y
∴ S.P. = 112y 100 New C.P. = 9y 10 S.P. = 9y × 130 = 117y 10 100 100 ∴ 117y - 112y = 5.75 100 100
Correct Option: C
C.P. of article = $ y
∴ S.P. = 112y 100 New C.P. = 9y 10 S.P. = 9y × 130 = 117y 10 100 100 ∴ 117y - 112y = 5.75 100 100 ⇒ 5y = 5.75 100 ⇒ y = 5.75 × 100 = $ 115 5 ∴ Required S.P. = 115 × 120 = $ 138 100
- If a man were to sell his wristwatch for $ 720, he would lose 25%. What price must he sell at for to gain 25 %?
-
View Hint View Answer Discuss in Forum
Given that , S.P. of wrist watch = $ 720
For 25% loss ,∴ C.P. of wrist watch = S.P. of wrist watch × 100 100 - Loss % C.P. of wrist watch = 720 × 100 = $ 960 75
On 25% gain ,
Correct Option: D
Given that , S.P. of wrist watch = $ 720
For 25% loss ,∴ C.P. of wrist watch = S.P. of wrist watch × 100 100 - Loss % C.P. of wrist watch = 720 × 100 = $ 960 75
On 25% gain ,∴ Required S.P. = 960 × 125 = $ 1200 100
- By selling an article for $ 700 a man lost 30%. At what price should he have sold it to gain 30 %?
-
View Hint View Answer Discuss in Forum
As per the given in question ,
S.P. of article = $ 700
On 30% loss ,C.P. of article = 100 × S.P. 100 - Loss% C.P. of article = 100 × 700 = $ 1000 100 - 30
Correct Option: D
As per the given in question ,
S.P. of article = $ 700
On 30% loss ,C.P. of article = 100 × S.P. 100 - Loss% C.P. of article = 100 × 700 = $ 1000 100 - 30 S.P. for a profit of 30% = 1000 × 130 = $ 1300 100
- By selling an article for $ 665, there is a loss of 5%. In order to make a profit of 12%, the selling price of the article must be
-
View Hint View Answer Discuss in Forum
Given that , SP of the article = $ 665
On 5% loss ,CP of the article = 100 × S.P. 100 - Loss% CP of the article
= $
100 × 665 
= $ 700 95
For the gain of 12%
Correct Option: D
Given that , SP of the article = $ 665
On 5% loss ,CP of the article = 100 × S.P. 100 - Loss% CP of the article
= $100 × 665 = $ 700 95
For the gain of 12%
SP of the article = 112% of 700SP of the article = 700 × 112 = $ 784 100
- A man bought 20 dozen eggs for $ 720. What should be the selling price of each egg if he wants to make a profit of 20 %?
-
View Hint View Answer Discuss in Forum
Given in question , CP of 20 dozen eggs = $ 720
CP of 1 egg = 720 = $ 3 20 × 12
at 20 % profit ,∴ Required SP of 1 egg = CP × 100 + Profit % 100
Correct Option: D
Given in question , CP of 20 dozen eggs = $ 720
CP of 1 egg = 720 = $ 3 20 × 12
at 20 % profit ,∴ Required SP of 1 egg = CP × 100 + Profit % 100 Required SP of 1 egg = 3 × 120 = $ 3.60 100
