Profit and Loss


  1. Arvind purchased a wristwatch with 30% discount on the labelled price. He sold it with 40% profit on the price he bought. What was his per cent loss on the labelled price?









  1. View Hint View Answer Discuss in Forum

    Let Marked price = $ y

    ∴ C.P. =
    7y
    10

    S.P. =
    7y
    ×
    140
    =
    98y
    10100100

    ∴ Loss = y –
    98y
    =
    2y
    100100

    Correct Option: A

    Let Marked price = $ y

    ∴ C.P. =
    7y
    10

    S.P. =
    7y
    ×
    140
    =
    98y
    10100100

    ∴ Loss = y –
    98y
    =
    2y
    100100

    ∴ Loss percent =
    ( 2y / 100 )
    × 100
    y

    Loss percent =
    2y
    × 100 = 2%
    100 × y


  1. The profit percent of a bookseller if he sells book at marked price after enjoying a commission of 25% on marked price will be :









  1. View Hint View Answer Discuss in Forum

    If the marked price be Rs. 100, then
    C.P. = ( 100 - 25 ) = $ 75
    S.P. = $ 100
    Gain = SP - CP = 100 - 75 = $ 25

    ∴ Gain percent =
    Gain
    × 100
    C.P.

    Gain percent =
    25
    × 100
    75

    Correct Option: D

    If the marked price be Rs. 100, then
    C.P. = ( 100 - 25 ) = $ 75
    S.P. = $ 100
    Gain = SP - CP = 100 - 75 = $ 25

    ∴ Gain percent =
    Gain
    × 100
    C.P.

    Gain percent =
    25
    × 100
    75

    Gain percent =
    100
    = 33
    1
    %
    33



  1. A shopkeeper offers a discount of 10% on his articles. The marked price of the article is $ 450. The selling price should be









  1. View Hint View Answer Discuss in Forum

    Given that , The marked price of the article = $ 450
    Discount ( D ) = 10%

    ∴ S.P. of article =
    Marked price × ( 100 - D )
    100

    Correct Option: C

    Given that , The marked price of the article = $ 450
    Discount ( D ) = 10%

    ∴ S.P. of article =
    Marked price × ( 100 - D )
    100

    S.P. of article =
    450 × 90
    = $ 405
    100


  1. A shopkeeper marked the selling price of his goods in such a way that after giving a discount of 10% he gains 17%. How much percent above the cost price is the marked price?









  1. View Hint View Answer Discuss in Forum

    Let C.P. of the article = $ 100 and marked price = y

    ∴ y ×
    90
    = 117
    100

    Correct Option: C

    Let C.P. of the article = $ 100 and marked price = y

    ∴ y ×
    90
    = 117
    100

    ⇒ y =
    117 × 100
    = 130
    90

    Hence , Required percent is 30% above C.P .



  1. A tradesman marks his goods 30% more than the cost price. If he allows a discount of (25 / 4)% , then his gain percent is









  1. View Hint View Answer Discuss in Forum

    C.P. of article = $ 100
    ∴ Marked price = $ 130
    Selling price

    Selling price =
    130 × 375
    = $
    975
    4008

    Selling price = $1217
    8

    Correct Option: C

    C.P. of article = $ 100
    ∴ Marked price = $ 130
    Selling price

    Selling price =
    130 × 375
    = $
    975
    4008

    Selling price = $1217
    8

    Gain = 121
    7
    - 100 = 21
    7
    88

    ∴ Gain % = 21
    7
    %
    8