Profit and Loss


  1. A sells an article to B at a gain of 10%. B sells it to C at a gain of 7 1 / 2 % . C disposes of it at a loss of 25%. If the prime cost to the manufacturer A was $ 3200 then the price obtained by C is









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    As per the given in question ,

    Price obtained by C = 3200 ×
    110
    ×
    215
    ×
    75
    100200100

    Correct Option: D

    As per the given in question ,

    Price obtained by C = 3200 ×
    110
    ×
    215
    ×
    75
    = $ 2838
    100200100


  1. A sells an article to B at a gain of 20% and B sells it to C at a gain of 10% and C sells it to D at a gain of (26 / 2) %. If D pays $ 29.70, A purchased the article for









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    Let C.P. for A be $ y .

    ∴ y ×
    120
    ×
    110
    ×
    225
    = 29.70
    100100200


    Correct Option: C

    Let C.P. for A be $ y .

    ∴ y ×
    120
    ×
    110
    ×
    225
    = 29.70
    100100200

    ⇒ y =
    29.70 × 100 × 100 × 200
    = $ 20
    120 × 110 × 225



  1. A sells a suitcase to B at 10% profit. B sells it to C at 30% profit. If C pays $ 2,860 for it, then the price at which A bought it is









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    Here , C pays = $ 2,860
    Let the C.P. of the suitcase for A be $ y, then
    According to question ,

    y ×
    110
    ×
    130
    = 2860
    100100

    Correct Option: C

    Here , C pays = $ 2,860
    Let the C.P. of the suitcase for A be $ y, then
    According to question ,

    y ×
    110
    ×
    130
    = 2860
    100100

    ⇒ y =
    2860 × 100 × 100
    = $ 2000
    110 × 130


  1. A house and a shop were sold for $ 1 lakh each. In this transaction, the house sale resulted into 20% loss whereas the shop sale into 20% profit. The entire transaction resulted in :









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    Given that , Total S.P. = $ 2 lakhs

    C.P of house = $100 × 1lakh
    80

    C.P of house = $
    5
    lakhs
    4

    C.P. of shop = $100 × 1lakh
    120

    C.P. of shop = $
    5
    lakhs
    6

    Total C.P. = $5+5lakhs
    46

    Correct Option: C

    Given that , Total S.P. = $ 2 lakhs

    C.P of house = $100 × 1lakh
    80

    C.P of house = $
    5
    lakhs
    4

    C.P. of shop = $100 × 1lakh
    120

    C.P. of shop = $
    5
    lakhs
    6

    Total C.P. = $5+5lakhs
    46

    Total C.P. = $
    25
    lakhs
    12

    ∴ Loss = $25 - 2lakh
    12

    Loss = $
    1
    lakh
    12



  1. A shopkeeper sells two T.V. sets at the same price. There is a gain of 20% on one TV and a loss of 20% on the other. State which of the following statement is correct :









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    If a man sells two articles at same price and makes a profit of y% on first and y% loss on second,

    there is always a loss of
    y2
    %
    100

    Here , y = 20%

    Correct Option: D

    If a man sells two articles at same price and makes a profit of y% on first and y% loss on second,

    there is always a loss of
    y2
    %
    100

    Here , y = 20%
    ∴ Loss% =
    (20)2
    =
    400
    = 4%
    100100