Profit and Loss
- A salesman expects a gain of 13% on his cost price. If in a month, his sale was ₹ 791000, what was his profit ?
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Given, total sale= ₹ 791000
∴ Cost price = (791000 x 100) /113 = ₹ 700000Correct Option: A
Given, total sale= ₹ 791000
∴ Cost price = (791000 x 100) /113 = ₹ 700000
∴ Required profit = 791000 - 700000 = ₹ 91000
- A gold bracelet is sold for ₹ 14500 at a loss of 20%. What is the cost price of the gold bracelet?
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CP of bracelet = [100/(100 - Loss%)] x SP
= (100/80) x 14500Correct Option: A
CP of bracelet = [100/(100 - Loss%)] x SP
= (100/80) x 14500
= ₹ 18125
- Find the SP when CP is ₹ 40 and gain is 25%.
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SP = 125% of CP [∵ SP = {(100 + Gain%)/100} x CP]
= {125/100} x 40Correct Option: A
SP = 125% of CP [∵ SP = {(100 + Gain%)/100} x CP]
= {125/100} x 40
= (5/4) x 40 = 5 x 10 = ₹ 50
- Anita purchased a bicycle at cost of ₹ 3200. She sold it at a loss of ₹ 240. At what price did she sell the bicycle ?
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We know that
Loss = CP - SPCorrect Option: A
We know that
Loss = CP - SP
240 = 3200 - SP
∴ SP = 3200 - 240 = ₹ 2960
- Find the CP when SP is ₹ 400 and loss is 70 % ?
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CP = {100/(100 - Loss%)} x SP
Correct Option: A
CP = (100/30) x 400 = ₹ 4000/3
[∵ CP = {100/(100 - Loss%)} x SP]