Profit and Loss
- If the cost price is 95% of the selling price, what is the profit per cent ?
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Let SP = SP = ₹ 100
∴ CP = ₹ 95
Profit = 100 - 95 = ₹ 5
Profit % = (Profit/CP) x 100%Correct Option: D
Let SP = SP = ₹ 100
∴ CP = ₹ 95
Profit = 100 - 95 = ₹ 5
Profit % = (Profit/CP) x 100%
= (5/95) x 100% = 5.26%
- The owner of a cell phone shop charges his customer 28% more than the cost price. If the customer paid ₹ 8960 for the cell phone, what was the cost price of the cell phone ?
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CP = [100/(100 + Gain%)] x SP
= (8960 x 100)/128Correct Option: B
CP = [100/(100 + Gain%)] x SP
= (8960 x 100)/128
= 70 x 100 = ₹ 7000
- Selling price of an article is ₹ 2220 and the per cent profit earned is 20%. What is the cost price of the article ?
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CP = (100/120) x 2220
Correct Option: D
CP = (100/120) x 2220 = ₹ 1850
- Rajan sold an articles for ₹ 6000 at a loss of 25%. Find the cost price. ?
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CP = [100/(100 - Loss%) ] x SP
Correct Option: C
CP = [100/(100 - Loss%) ] x SP
CP = 6000 x (100/75) = 8000
- A fruit-seller buys lemons at 2 for a rupee and sells them at 5 for three rupees What is his gain per cent ?
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Since, CP of 2 lemon is ₹ 1
∴ CP of 1 lemon is = 1/2 = ₹ 0.5
SP of 5 lemon is ₹ 3.
∴ SP of 1 lemon is = 3/5 = ₹ 0.6
∴ Gain percent = [(0.6 - 0.5)/0.5] x 100Correct Option: C
Since, CP of 2 lemon is ₹ 1
∴ CP of 1 lemon is = 1/2 = ₹ 0.5
SP of 5 lemon is ₹ 3.
∴ SP of 1 lemon is = 3/5 = ₹ 0.6
∴ Gain percent = [(0.6 - 0.5)/0.5] x 100
= (0.1/0.5) x 100 = 20%
