Profit and Loss


  1. A dealer purchased a washing machine for $ 7,660. After allowing a discount of 12% on its marked price, he still gains 10%. Find the marked price of the washing machine.









  1. View Hint View Answer Discuss in Forum

    If the marked price of the washing machine be $ y, then

    x × 88
    =
    7660 × 110
    100100

    Correct Option: A

    If the marked price of the washing machine be $ y, then

    x × 88
    =
    7660 × 110
    100100

    ⇒ y =
    7660 × 110
    = $ 9575
    88


  1. A publisher printed 2000 copies of a book at a cost of $ 70,000. He distributes 400 copies free as specimen copies. He gave 30% discount on printed price and the printed price of each book is $ 75. What is his gain or loss percentage?









  1. View Hint View Answer Discuss in Forum

    S.P. of each book =
    75 × 70
    = $ 52.50
    100

    Total S.P. = 1600 × 52.50 = $ 84000
    Gain = 84000 – 70000 = $ 14000
    ∴ Gain % =
    14000
    × 100 = 20%
    70000

    Correct Option: A

    S.P. of each book =
    75 × 70
    = $ 52.50
    100

    Total S.P. = 1600 × 52.50 = $ 84000
    Gain = 84000 – 70000 = $ 14000
    ∴ Gain % =
    14000
    × 100 = 20%
    70000



  1. A cooker is sold at a gain of 16%. If it has been sold for $ 20 more, 20% would have been gained. The cost price of the cooker is









  1. View Hint View Answer Discuss in Forum

    Let the CP of the cooker be $ y.
    At 16% gain ,

    ∴ Initial SP =
    116y
    100

    Again, SP =116y + 20
    100

    116y
    + 20 =
    120y
    100100

    ⇒ 116y + 2000 = 120y
    ⇒ 4y = 2000
    ⇒ y =
    2000
    = $ 500
    4

    We can find required answer with the help of given formula :
    Here, a = 16%, R = 20, b = 20%

    Correct Option: C

    Let the CP of the cooker be $ y.
    At 16% gain ,

    ∴ Initial SP =
    116y
    100

    Again, SP =116y + 20
    100

    116y
    + 20 =
    120y
    100100

    ⇒ 116y + 2000 = 120y
    ⇒ 4y = 2000
    ⇒ y =
    2000
    = $ 500
    4

    We can find required answer with the help of given formula :
    Here, a = 16%, R = 20, b = 20%
    C.P. =
    R × 100
    b - a

    C.P. =
    20 × 100
    = $ 500
    20 - 16


  1. To gain 8% after allowing a discount of 10%, by what per cent cost price should be hiked in the list price?









  1. View Hint View Answer Discuss in Forum

    Let the cost price be $ 100 and marked price be $ y

    Then,
    y × 90
    = 108
    100

    9y
    = 108
    10

    Correct Option: D

    Let the cost price be $ 100 and marked price be $ y

    Then,
    y × 90
    = 108
    100

    9y
    = 108
    10

    ⇒ y =
    108 × 10
    = 120
    9

    ∴ Required percentage = 20%



  1. A shopkeeper sold sarees at $ 266 each after giving 5% discount on labelled price. Had he not given the discount, he would have earned a profit of 12% on the cost price. What was the cost price of each saree?









  1. View Hint View Answer Discuss in Forum

    Let C.P. of each sari = $ y

    Marked price =112y
    100

    95
    ×
    112y
    = 266
    100100

    Correct Option: D

    Let C.P. of each sari = $ y

    Marked price =112y
    100

    95
    ×
    112y
    = 266
    100100

    ⇒ y =
    266 × 100 × 100
    = $ 250
    95 × 112