Profit and Loss


  1. A salesman expects a gain of 13% on his cost price. If in a month, his sale was ₹ 791000, what was his profit ?









  1. View Hint View Answer Discuss in Forum

    Given, total sale= ₹ 791000
    ∴ Cost price = (791000 x 100) /113 = ₹ 700000

    Correct Option: A

    Given, total sale= ₹ 791000
    ∴ Cost price = (791000 x 100) /113 = ₹ 700000
    ∴ Required profit = 791000 - 700000 = ₹ 91000


  1. A gold bracelet is sold for ₹ 14500 at a loss of 20%. What is the cost price of the gold bracelet?












  1. View Hint View Answer Discuss in Forum

    CP of bracelet = [100/(100 - Loss%)] x SP
    = (100/80) x 14500

    Correct Option: A

    CP of bracelet = [100/(100 - Loss%)] x SP
    = (100/80) x 14500
    = ₹ 18125



  1. Find the SP when CP is ₹ 40 and gain is 25%.











  1. View Hint View Answer Discuss in Forum

    SP = 125% of CP [∵ SP = {(100 + Gain%)/100} x CP]
    = {125/100} x 40

    Correct Option: A

    SP = 125% of CP [∵ SP = {(100 + Gain%)/100} x CP]
    = {125/100} x 40
    = (5/4) x 40 = 5 x 10 = ₹ 50


  1. Anita purchased a bicycle at cost of ₹ 3200. She sold it at a loss of ₹ 240. At what price did she sell the bicycle ?











  1. View Hint View Answer Discuss in Forum

    We know that
    Loss = CP - SP

    Correct Option: A

    We know that
    Loss = CP - SP
    240 = 3200 - SP
    ∴ SP = 3200 - 240 = ₹ 2960



  1. Find the CP when SP is ₹ 400 and loss is 70 % ?











  1. View Hint View Answer Discuss in Forum

    CP = {100/(100 - Loss%)} x SP

    Correct Option: A

    CP = (100/30) x 400 = ₹ 4000/3
    [∵ CP = {100/(100 - Loss%)} x SP]