Profit and Loss

Profit and Loss

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  1. Abhishek and Bhanu both are dealers of KML scooters.The price of a KML Scooter is Rs. 28,000.Abhishek gives a discount of 10% on whole, while Bhanu gives a discount of 12% on the first Rs 20,000 and 8% on the rest Rs. 8000. What is the difference between their selling price ?








  1. View Hint View Answer Discuss in Forum

    Abhishek Discount = 2800
    Bhanu Discount =2400+640=3040

    The difference in selling price is same as difference in discount

    Correct Option: A

    Abhishek Discount = 2800
    Bhanu Discount =2400+640=3040

    The difference in selling price is same as difference in discount = 3040 - 2800 = Rs.240

  1. A trader sells two articles, one at a loss of 10% and another at a profit of 15% but finally there is no loss or gain.If the total sale price of these two articles is Rs.30,000, find the difference between there cost price :








  1. View Hint View Answer Discuss in Forum

    From the question
    10 % x = 15% of y ...(i)
    x+y = 30000 ...(ii)

    Correct Option: B

    From the question
    10 % x = 15% of y ...(i)
    x+y = 30000 ...(ii)

    from eq. (i)
    x / y = 3/2 ...(iii)

    by solving eq. (ii) & (iii)
    x = 18000, y = 12000

    Hence, the difference =6000

  1. A milkman purchase the milk at Rs. x per litre and sells it at Rs. 2x per litre still he mixes 2 litres water with every 6 litres of pure milk. What is the profit percentage?








  1. View Hint View Answer Discuss in Forum

    Let the cost price of 1 litre pure milk be Rs. 1, then
    for 6 litres (milk) CP = Rs. 6
    for 2 litres (Water) CP = Rs. 0

    and for 8 litres mixture SP = 8 x 2 = Rs.16

    Correct Option: B

    Let the cost price of 1 litre pure milk be Rs. 1, then
    for 6 litres (milk) CP = Rs. 6
    for 2 litres (Water) CP = Rs. 0

    and for 8 litres mixture SP = 8 x 2 = Rs.16

    Profit = [(16-6) / 6] x 100 = 1000 / 6 = 166.66 %

  1. What is percentage profit in selling an article at a discount of 20% which was earlier being sold at a 40% profit ?








  1. View Hint View Answer Discuss in Forum

    Initially :
    CP =100
    SP = 140 (Since profit = 40 %)

    New price :
    CP =100
    SP = 140 - 20% = 112
    MP = 140

    Correct Option: D

    Initially :
    CP =100
    SP = 140 (Since profit = 40 %)

    New price :
    CP =100
    SP = 140 - 20% = 112
    MP = 140

    Profit % = [(112 - 100 )/100] = 12 %

  1. The ratio of cost price and marked price of an article is 2:3 and ratio of percentage profit and percentage discount is 3 : 2 what is the discount percentage ?








  1. View Hint View Answer Discuss in Forum

    CP : MP = 2y : 3y
    profit = y
    (%) profit : (%) discount =3 : 2

    Let CP=200, SP=300
    So [ (3y / 100) x 200 ] + [(2y/100) x 300] = 100

    Correct Option: A

    CP : MP = 2y : 3y
    profit = y
    (%) profit : (%) discount =3 : 2

    Let CP=200, SP=300
    So [ (3y / 100) x 200 ] + [(2y/100) x 300] = 100
    y= 8.33 %
    Discount 2y = 16.66 %