Profit and Loss


  1. A man sells two articles for $ 5000 each neither losing nor gaining in the deal. If he sold one of them at a gain of 25%, the other article is sold at a loss of









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    Here , SP of each article = $ 5000
    at a gain of 25%,

    CP of first article = 5000 ×
    100
    = $ 4000
    125

    ∴ Loss on second article = $ 1000
    ∴ CP of second article = $ 6000
    ∴ If the loss percent be y%,

    Correct Option: B

    Here , SP of each article = $ 5000
    at a gain of 25%,

    CP of first article = 5000 ×
    100
    = $ 4000
    125

    ∴ Loss on second article = $ 1000
    ∴ CP of second article = $ 6000
    ∴ If the loss percent be y%,
    then
    6000 × y
    = 1000
    100


  1. A dishonest shopkeeper, using a faulty balance makes a profit of 5% while buying as well as while selling his goods. His actual gain percent in the whole process amounts to









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    We can find required answer with the help of given formula ,

    Actual gain percent = a + b + a x b %
    100

    Here , a = b = 5%

    Correct Option: C

    We can find required answer with the help of given formula ,

    Actual gain percent = a + b + a x b %
    100

    Here , a = b = 5%
    Actual gain percent = 5 + 5 + 5 x 5 % = 10.25%
    100



  1. X sells two articles for $ 4,000 each with no loss and no gain in the transaction. If one was sold at a gain of 25% the other is sold at a loss of









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    Given that , S.P. of first article = $ 4,000
    gain % of first article = 25%

    ∴ C.P. of first article = 4,000 ×
    100
    = $ 3200
    120

    ∴ Loss on second article = 4000 – 3200 = $ 800
    Now C.P. of second article = 4000 + 800 = $ 4800
    & S.P. of second article = $ 4000
    ∴ Loss of second article = 4800 – 4000 = $ 800

    Correct Option: D

    Given that , S.P. of first article = $ 4,000
    gain % of first article = 25%

    ∴ C.P. of first article = 4,000 ×
    100
    = $ 3200
    120

    ∴ Loss on second article = 4000 – 3200 = $ 800
    Now C.P. of second article = 4000 + 800 = $ 4800
    & S.P. of second article = $ 4000
    ∴ Loss of second article = 4800 – 4000 = $ 800
    ∴ Loss % =
    800 × 100
    =
    50
    48003

    Loss % = 16
    2
    %
    3


  1. If selling price of an article is reduced by 60%, then there is a loss of 10% on cost price. The initial profit percent was









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    If cost price be p and selling price be q, then

    Profit % = q - p × 100
    p

    Profit % = q - 1 × 100
    p

    Selling price =
    2q
    5

    Loss = p - 2q
    5

    ∴ 10 =
    { p - ( 2q / 5) }
    × 100
    p

    ⇒ 10p – 4q = p
    ⇒ 9p = 4q
    q
    =
    9
    p4

    ∴ Initial profit percent = 9 - 1 × 100 = 125%
    4

    Second Method to solve this question :
    Shorter way is to go through options
    From the given alternatives (4),
    Gain = 125%

    Correct Option: D

    If cost price be p and selling price be q, then

    Profit % = q - p × 100
    p

    Profit % = q - 1 × 100
    p

    Selling price =
    2q
    5

    Loss = p - 2q
    5

    ∴ 10 =
    { p - ( 2q / 5) }
    × 100
    p

    ⇒ 10p – 4q = p
    ⇒ 9p = 4q
    q
    =
    9
    p4

    ∴ Initial profit percent = 9 - 1 × 100 = 125%
    4

    Second Method to solve this question :
    Shorter way is to go through options
    From the given alternatives (4),
    Gain = 125%
    If C.P. = $ 100 then
    original S.P. = $ 225
    New S.P. = $ 90
    Loss% = 10



  1. If the percentage of profit calculated on selling price of an article is 20%, percentage of profit calculated on cost price will be









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    According to question ,

    S.P. - C.P.
    × 100 = 20
    S.P.

    ⇒ 5S.P. – 5C.P. = S.P.
    ⇒ 4S.P. = 5C.P.
    CP
    =
    4
    SP5

    Gain = SP - CP = 5 - 4 = 1

    Correct Option: C

    According to question ,

    S.P. - C.P.
    × 100 = 20
    S.P.

    ⇒ 5S.P. – 5C.P. = S.P.
    ⇒ 4S.P. = 5C.P.
    CP
    =
    4
    SP5

    Gain = SP - CP = 5 - 4 = 1
    ∴ Required percentage =
    1
    × 100 = 25%
    4