Profit and Loss
- A person buys a book for ₹ 200 and sells it for ₹ 225. What will be his gain percent ?
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Given that, CP = ₹ 200 and SP = ₹ 225
Profit = SP - CP = 225 - 200 = ₹ 25
∴ Gain% = [profit/CP] x 100%Correct Option: D
Given that, CP = ₹ 200 and SP = ₹ 225
Profit = SP - CP = 225 - 200 = ₹ 25
∴ Gain% = [profit/CP] x 100%
= (25/200) x 100% = 12.5%
- A person buys a watch for ₹ 500 and sells it for ₹ 300. Find his loss per cent.
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Given that CP = ₹ 500 and SP = ₹ 300
Loss = CP - SP = 500 - 300 = ₹ 200Correct Option: B
Given that CP = ₹ 500 and SP = ₹ 300
Loss = CP - SP = 500 - 300 = ₹ 200
∴ Loss % = (Loss/CP) x 100%
= (200/500) x 100% = 40 %
- A salesman expects a gain of 13% on his cost price. If in a month, his sale was ₹ 791000, what was his profit ?
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Given, total sale= ₹ 791000
∴ Cost price = (791000 x 100) /113 = ₹ 700000Correct Option: A
Given, total sale= ₹ 791000
∴ Cost price = (791000 x 100) /113 = ₹ 700000
∴ Required profit = 791000 - 700000 = ₹ 91000
- A gold bracelet is sold for ₹ 14500 at a loss of 20%. What is the cost price of the gold bracelet?
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CP of bracelet = [100/(100 - Loss%)] x SP
= (100/80) x 14500Correct Option: A
CP of bracelet = [100/(100 - Loss%)] x SP
= (100/80) x 14500
= ₹ 18125
- Find the SP when CP is ₹ 40 and gain is 25%.
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SP = 125% of CP [∵ SP = {(100 + Gain%)/100} x CP]
= {125/100} x 40Correct Option: A
SP = 125% of CP [∵ SP = {(100 + Gain%)/100} x CP]
= {125/100} x 40
= (5/4) x 40 = 5 x 10 = ₹ 50
