Profit and Loss
- A man buys a toy for $ 25 and sells it for $ 30. His gain percent is
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Given that , CP of toys = $ 25 and SP of toys = $ 30
Gain = SP of toys - CP of toys = 30 - 25 = $ 5∴ Profit percent = 5 × 100 25
Correct Option: A
Given that , CP of toys = $ 25 and SP of toys = $ 30
Gain = SP of toys - CP of toys = 30 - 25 = $ 5∴ Profit percent = 5 × 100 25 Profit percent = 500 = 20% 25
- A dealer sold (3 / 4) th of his articles at a gain of 24% and the remain- ing at the cost price. Percentage of gain in the whole transaction is
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Let total C.P. = $ 100 and number of articles = 100.
According to question ,∴ Total S.P. at a gain of 24% = $ 
75 × 124 + 25 
100
Correct Option: B
Let total C.P. = $ 100 and number of articles = 100.
According to question ,∴ Total S.P. at a gain of 24% = $ 75 × 124 + 25 = $ (93 + 25) = $ 118 100
- A shopkeeper bought 15kg of rice at the rate of $ 29 per kg and 25kg of rice at the rate of $ 20 per kg. He sold the mixture of both types of rice at the rate of $ 27 per kg. His profit in this transaction is
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Given in question , C.P. of 15 kg of rice = $ 29 per kg
C.P. of 25 kg of rice = $ 20 per kg
Total C.P. of 40 kg of mixture = $(15 × 29 + 25 × 20) = $ (435 + 500) = $ 935
S.P. of 40 kg of mixture = 27 × 40 = $ 1080
∴ Gain = S.P. of 40 kg of mixture - C.P. of 40 kg of mixtureCorrect Option: D
Given in question , C.P. of 15 kg of rice = $ 29 per kg
C.P. of 25 kg of rice = $ 20 per kg
Total C.P. of 40 kg of mixture = $(15 × 29 + 25 × 20) = $ (435 + 500) = $ 935
S.P. of 40 kg of mixture = 27 × 40 = $ 1080
∴ Gain = S.P. of 40 kg of mixture - C.P. of 40 kg of mixture
∴ Gain = 1080 – 935 = $ 145
- Krishna purchased a number of articles at $ 10 for each and the same number for $ 14 each. He mixed them together and sold them for $ 13 each. Then his gain or loss percent is
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Let 10 articles of each kind be bought.
∴ Total cost price = $ (10 × 10 + 14 × 10) = $ 240
Total selling price = 13 × 20 = $ 260
Gain = Total selling price - Total cost price = 260 - 240 = $ 20∴ Gain percent = 20 × 100 240
Correct Option: D
Let 10 articles of each kind be bought.
∴ Total cost price = $ (10 × 10 + 14 × 10) = $ 240
Total selling price = 13 × 20 = $ 260
Gain = Total selling price - Total cost price = 260 - 240 = $ 20∴ Gain percent = 20 × 100 240 Gain percent = 20 × 100 = 8 1 % 240 3
- Nikita bought 30 kg of wheat at the rate of $ 9.50 per kg and 40 kg of wheat at the rate of $ 8.50 per kg and mixed them. She sold the mixture at the rate of $ 8.90 per kg. Her total profit or loss in the transaction was :
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On the basis of given question ,
Total CP of 70 kg of wheat = $ (30 × 9.5 + 40 × 8.5) = $ (285 + 340) = $ 625
Total S.P. of 70 kg of wheat = $ (8.90 × 70) = $ 623
∴ Loss = Total CP of 70 kg of wheat - Total SP of 70 kg of wheatCorrect Option: A
On the basis of given question ,
Total CP of 70 kg of wheat = $ (30 × 9.5 + 40 × 8.5) = $ (285 + 340) = $ 625
Total S.P. of 70 kg of wheat = $ (8.90 × 70) = $ 623
∴ Loss = Total CP of 70 kg of wheat - Total SP of 70 kg of wheat
Loss = $ (625 – 623) = $ 2
