Profit and Loss


  1. If by selling an article for Rs. 390 a shopkeeper gains 20%, then the cost price is









  1. View Hint View Answer Discuss in Forum

    Given , selling price of article = Rs. 390
    Let the C.P. of article be Rs. y.
    According to the question ,

    y ×
    120
    = 390
    100

    ⇒ y =
    390 ×
    100
    = Rs. 325
    120

    Correct Option: B

    Given , selling price of article = Rs. 390
    Let the C.P. of article be Rs. y.
    According to the question ,

    y ×
    120
    = 390
    100

    ⇒ y =
    390 ×
    100
    = Rs. 325
    120

    Hence , the cost price is 325 .


  1. Loss of 20% on selling price is equal to x% loss on cost price. What is the value of x?









  1. View Hint View Answer Discuss in Forum

    Given in question ,

    20
    =
    1
    =
    CP. - S.P.
    1005S.P.

    Suppose C.P. = Rs. x1, S.P. = Rs. y
    ∴ 5x1 – 5y = y
    ⇒ 5x1 = 6y
    ⇒ y = Rs.
    5
    x1
    6


    Correct Option: C

    Given in question ,

    20
    =
    1
    =
    CP. - S.P.
    1005S.P.

    Suppose C.P. = Rs. x1, S.P. = Rs. y
    ∴ 5x1 – 5y = y
    ⇒ 5x1 = 6y
    ⇒ y = Rs.
    5
    x1
    6


    x =
    x1
    × 100 =
    50
    = 16
    2
    %
    6x133



  1. An article is sold at a certain price. If it is sold at half of the previous selling price, then there is a loss of (51 / 2)% . The profit after selling the article at the previous selling price is:









  1. View Hint View Answer Discuss in Forum

    Let the C.P. of article be Rs. 100 and its S.P. be Rs. x.
    According to the question.

    When S.P. = Rs
    x
    2


    ⇒ 100 -
    x
    =
    51
    22

    Correct Option: B

    Let the C.P. of article be Rs. 100 and its S.P. be Rs. x.
    According to the question.

    When S.P. = Rs
    x
    2


    ⇒ 100 -
    x
    =
    51
    22

    Loss percent =
    x
    = 100 -
    51
    =
    200 - 51

    222

    ⇒ x = Rs. 149
    ⇒ Required profit percent = 49%


  1. An article is sold at a loss of 10%. Had it been sold for $ 9 more, there would have been a gain of (25 / 2) % on it. The cost price of the article is :









  1. View Hint View Answer Discuss in Forum

    Let the cost price of the article = $ x

    S.P. at 10% loss = x ×
    90
    =
    9x
    10010

    at 12
    1
    % gain ,
    2

    S.P.
    According to the question ,
    9x
    + 9 =
    225x
    10200

    ⇒ 180x + 1800 = 225x
    ⇒ 225x – 180x = 1800
    ⇒ 45x = 1800
    ⇒ x = $ 40
    We can find required answer with the help of given formula :
    Here, a = 10%, R = 9, b = 12.5%
    C.P. =
    R × 100
    a + b

    Correct Option: A

    Let the cost price of the article = $ x

    S.P. at 10% loss = x ×
    90
    =
    9x
    10010

    at 12
    1
    % gain ,
    2

    S.P.
    According to the question ,
    9x
    + 9 =
    225x
    10200

    ⇒ 180x + 1800 = 225x
    ⇒ 225x – 180x = 1800
    ⇒ 45x = 1800
    ⇒ x = $ 40
    We can find required answer with the help of given formula :
    Here, a = 10%, R = 9, b = 12.5%
    C.P. =
    R × 100
    a + b

    C.P. =
    12 × 100
    12.5 + 10

    C.P. =
    900
    = $ 40
    22.5



  1. A man sold an article at a loss of 20%. If he has sold that article for $ 12 more he would have gained 10%. Find the cost price of that article :









  1. View Hint View Answer Discuss in Forum

    Let y be the cost price .
    According to question ,
    ( 100 - 20 )% of y + 12 = ( 100 + 10 )%
    ⇒ 80% y + 12 = 110%
    ⇒ 30% y = 12

    y =
    12
    × = $ 40
    30

    We can find required answer with the help of given formula :
    Here, a = 20%, R = 12, b = 10%
    C.P. =
    R × 100
    b + a

    Correct Option: B

    Let y be the cost price .
    According to question ,
    ( 100 - 20 )% of y + 12 = ( 100 + 10 )%
    ⇒ 80% y + 12 = 110%
    ⇒ 30% y = 12

    y =
    12
    × = $ 40
    30

    We can find required answer with the help of given formula :
    Here, a = 20%, R = 12, b = 10%
    C.P. =
    R × 100
    b + a

    C.P. =
    12 × 100
    = $ 40
    12 + 10