Profit and Loss
- 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%,
then6000 × y = 1000 100
- 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
- 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 4800 3 Loss % = 16 2 % 3
- 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 p 4 ∴ 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 p 4 ∴ 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
- 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 SP 5
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 SP 5
Gain = SP - CP = 5 - 4 = 1∴ Required percentage = 1 × 100 = 25% 4