Profit and Loss


  1. A sells a cycle to B at a profit of 10%, B sells to C at a profit of 20%. If C pays $ 264 for it, how much did A pay for it?









  1. View Hint View Answer Discuss in Forum

    Let the C.P. of A be $ y, then

    y ×
    110
    ×
    120
    = 264
    100100

    ⇒ y =
    264 × 100 × 100
    = $ 200
    110 × 120

    We can find required answer with the help of given formula :
    Here, r1 = 10%, r2 = 20%

    Correct Option: A

    Let the C.P. of A be $ y, then

    y ×
    110
    ×
    120
    = 264
    100100

    ⇒ y =
    264 × 100 × 100
    = $ 200
    110 × 120

    We can find required answer with the help of given formula :
    Here, r1 = 10%, r2 = 20%

    C.P. for A =
    264 × 100 × 100
    = $ 200
    110 × 120


  1. A shopkeeper purchases two items for Rs. 520. One of them is sold gaining 16% and the other at a loss of 10%, thus making no profit or loss. What is the selling price of the item sold at loss?









  1. View Hint View Answer Discuss in Forum

    Given that , C.P. of two articles = Rs. 520
    Suppose C.P. of article sold at loss = Rs. y.
    ∴ C.P. of article sold at profit = Rs. (520 – y)
    According to the question,

    y ×
    10
    = (520 – y) ×
    16
    100100

    ⇒ 5y = 520 × 8 – 8y
    ⇒ 13y = 520 × 8
    ⇒ y =
    520 × 8
    = Rs. 320
    13

    Correct Option: A

    Given that , C.P. of two articles = Rs. 520
    Suppose C.P. of article sold at loss = Rs. y.
    ∴ C.P. of article sold at profit = Rs. (520 – y)
    According to the question,

    y ×
    10
    = (520 – y) ×
    16
    100100

    ⇒ 5y = 520 × 8 – 8y
    ⇒ 13y = 520 × 8
    ⇒ y =
    520 × 8
    = Rs. 320
    13

    On 10% loss ,
    ∴ Its S.P. =
    320 × 90
    = Rs. 288
    100



  1. A sold a tape-recorder to B for $ 4,860 at a loss of 19%. Again B sold it to C at a price that would give A a profit of 17%. The gain% of B is









  1. View Hint View Answer Discuss in Forum

    Given that , S.P. of tape recorder for A = $ 4,860

    C.P. of tape recorder for A =
    4860 × 100
    =
    4860 × 100
    = $ 6000
    (100 - 19)81

    ∴ S.P. for B =
    6000 × 117
    = $ 7020
    100

    ∴ B’s gain = 7020 – 4860 = $ 2160

    Correct Option: C

    Given that , S.P. of tape recorder for A = $ 4,860

    C.P. of tape recorder for A =
    4860 × 100
    =
    4860 × 100
    = $ 6000
    (100 - 19)81

    ∴ S.P. for B =
    6000 × 117
    = $ 7020
    100

    ∴ B’s gain = 7020 – 4860 = $ 2160
    ∴ Required profit percent =
    2160
    × 100 = 44
    4
    %
    48609


  1. A piece of land came to a person through three middlemen each gaining 20%. If the person purchased the land for $ 3,45,600 the original cost of the land was









  1. View Hint View Answer Discuss in Forum

    Let the original cost of the land be $ p.
    According to the question,


    Correct Option: D

    Let the original cost of the land be $ p.
    According to the question,


    ⇒ p =
    462 × 100 × 100
    = $ 400
    110 × 105



  1. A sells an article to B at a gain of 10%, B sells it to C at a gain of 5%. If C pays $ 462 for it, what did it cost to A?









  1. View Hint View Answer Discuss in Forum

    Let the C.P. for A be $ y, then
    From the question ,

    y ×
    110
    ×
    105
    = $ 462
    100100

    ⇒ y =
    462 × 100 × 100
    = $ 400
    110 × 105

    Using the given formula :
    Here, r1 = 10%, r2 = 5%
    C.P. for C = C.P. for A

    462 = C.P. for A

    Correct Option: D

    Let the C.P. for A be $ y, then
    From the question ,

    y ×
    110
    ×
    105
    = $ 462
    100100

    ⇒ y =
    462 × 100 × 100
    = $ 400
    110 × 105

    Using the given formula :
    Here, r1 = 10%, r2 = 5%
    C.P. for C = C.P. for A

    462 = C.P. for A

    C.P. for A =
    462 × 100 × 100
    = $ 400
    110 × 105