Profit and Loss 1. A man bought a cycle for Rs.250. for how much should he sell it so as to gain 10%? SP = Rs.250 × 110% = Rs.275 100% 2. A man bought a cycle for Rs.560. for how much shall he sell it so as to lose 10%? SP = Rs.560 × 90% = Rs.504 100% 3. If by selling an article for Rs.390 a shopkeeper gains 20%, find his cost. CP = Rs.390 × 100% = Rs.325 120% 4. By selling goods for Rs.352.88, I lost 12%; find the cost price. CP = Rs.352.88 × 100% = Rs.401 88% 5. A man buys a toy for Rs.25 and sells it for Rs.30. Find his profit/gain percent. %P = 30 − 25 × 100 = 20% 25 6. A boy buys a pen for Rs.25 and sells it for Rs.15. Find his loss percent. %L = 15 − 25 × 100 = −40% = 40% loss 25 7. A shopkeeper sold a TV at 24% discount on the marked price. If the customer paid Rs.6536 for the TV, what is the marked price? Rs.6536 × 100% = Rs.8600 76% 8. A discount of 15% is given on an article. If the given discount is Rs.12, then find the marked price of the article. Rs.12 × 100% = Rs.60 15% 9. I sold a book at a profit of 12%. If I sold it for Rs.18 more, 18% would have been gained. Find the cost of the book. Rs.18 × 100% = Rs.300 18% − 12% 10. A trader sold a horse at a loss of 10%. If he is able to sell it for Rs.64 more, he gains 6%. Find the cost price of the horse. Rs.64 × 100% = Rs.400 6% − (−10%) 11. A bought a TV at a discount of 20% on the marked price. If he bought it at 25% discount, he is able to get Rs.500 more discounts. At what price did he buy the TV? Rs.500 × (100% − 20% ) = Rs.8000 25% − 20% 12. A tradesman sold an article at a loss of 20%. If the selling price had been increased by Rs.100, there would have been a gain of 5%. What was the cost price of the article? Compiled By: Anjan Page 1 Profit and Loss Rs.100 × 100% = Rs.400 5% − (−20%) 13. A dealer sold a radio at a loss of 2.5%. If he sells it for Rs.100 more, he would have gained 7.5%. For what value should he sell it in order to gain 12 %? Rs.100 × 112.5% = Rs.1125 7.5% − (−2.5%) 14. By selling an article for Rs.19.50 a dealer makes a profit of 30%. By how much should he increase his selling price so as to make a profit of 40%? Rs.19.50 × (140% − 130%) = Rs.1.5 130% 15. By selling a horse for Rs.570, a tradesman would lose 5%. At what price must he sell it to gain 5%? SP = Rs.570 × 105% = Rs.630 95% 16. A machine is sold for Rs.5060 at a gain of 10%. What would have been the gain or loss percent if it had been sold for Rs.4370? 110% × Rs 4370 = 95% Rs.5060 Hence; % L = 100% − 95% = 5% % SP = 17. An article is marked for sell at Rs.275. the shopkeeper allows a discount of 5% on the marked price. His net profit is 4.5%. What did the shopkeeper pay for the article? %P = 95 100 × 100% = Rs.250 104.5% Rs.275 × 18. Alfred buys an old scooter for Rs.4700 and spends Rs.800 for its repair. If he sells the scooter for Rs.5800, find his gain percent. CP = 4700 + 800 = Rs.5500 SP = Rs.5800 %P = 5800 − 5500 5 × 100 = 5 % 550 11 19. If the cost price is 96% of the selling price, then what is the profit percent? SP = 100% CP = 96% %P = 100% − 96% 1 × 100 = 4 % 96% 6 20. A retailer got a discount of 10% on the marked price of a watch from the whole seller. In turn he sells it at marked price. Find his gain percent. Compiled By: Anjan Page 2 Profit and Loss MP = 100 90 = 90 Now SP = MP = 100 100 100 − 90 100 1 ∴ %P = × 100 = % = 11 % 90 9 9 CP = 100 × 21. Monica purchased a pressure cooker at 9/10 of its selling price and sold it at 8% more than it’s selling price. Find her gain percent. SP1 = 100% CP = 90% SP2 = 108% %P = 108% − 90% 18% × 100 = × 100% = 20% 90% 90% 22. An article is sold at a certain price. By selling it at 2/3 of that price one loses 10%. Find the gain percent at the original price. CP = 100% 2 SP = (100% − 10%) 3 3 ⇒ SP = 90% × = 135% 2 ∴ % P = 135% − 100% = 35% 23. What will be the percentage profit after selling an article at a certain price if there is a loss of 45% when the article is sold at 1/3 of the previous selling price? CP = 100% 1 SP = (100% − 45%) 3 3 ⇒ SP = 55% × = 165% 1 ∴ % P = 165% − 100% = 65% 24. A calculates his profit percentage on the selling price whereas B calculates his on the cost price. They find that the difference of their profits is Rs.100. if the selling price of both of them are the same and both of them get 25% profit, find their selling price. SPA = 100% SPB = 100% 100 100 = 80% CPB = 100% × = 80% 125 125 Rs.100 = × 100% = Rs.2000 25 25 − 80 × 100 × % 100 100 CPA = 100% × SPA or B Compiled By: Anjan Page 3 Profit and Loss 25. The profit made by selling a book for Rs.300 is as much as the loss incurred when it is sold for Rs.250. Find the cost price of the book. Rs.300 − CP = CP − Rs.250 300 + 250 ⇒ CP = = Rs.275 2 26. The profit earned by selling an article for Rs.900 is double the loss incurred when the same article is sold for Rs.450. at what price should the article be sold to make 25% profit? Rs.900 − CP = 2 × (CP − Rs.450) 900 + 900 ⇒ CP = = Rs.600 3 Rs.600 SP = × 125% = Rs.750 100% 27. A dishonest shopkeeper professes to sell his goods at cost price, but he uses a weight of 960gm instead of a kg. Find 1) The profit percent of the shopkeeper. 2) The loss percent of the customer. 1) % PS = 40 gm 1 × 100 = 4 % 960 gm 6 2) % LC = 40 gm × 100 = 4% 1000gm 28. Winter Dhamaka–“Buy 4 shirts get 1 shirt free”–an advertisement outside a garment shop. Find: 1) The percentage loss of the shopkeeper. 2) The percentage profit of the customer. 1 × 100 = 20% 5 1 2) % PC = × 100 = 25% 4 1) % LS = 29. If oranges are bought at the rate of 30 for a rupee, how many must be sold for a rupee in order to gain 25%? 30 × 100 = 24 Oranges 125 30. If the toffees are bought at the rate of 25 for a rupee, how many must be sold for a rupee so as to gain 25%? 25 × 100 = 20 Toffees 125 31. By selling apples at 32 a rupee, a man loses 40%. How many for a rupee should he sell in order to gain 20%? 32 × Compiled By: Anjan 60 100 × = 16 Apples 100 120 Page 4 Profit and Loss 32. If a man purchases 11 oranges for Rs.10 and sells 10 oranges for Rs.11. How much profit or loss does he make? %P = 11 × 11 − 10 × 10 × 100 = 21% 10 × 10 33. A boy buys apples at 9 for Rs.16 and sells them at 11 for Rs.20. what does his gain or lose percent? %P = 9 × 20 − 16 × 11 25 3 × 100 = =2 % 16 × 11 11 11 34. If the ratio of CP and SP 4:7. Then find the percentage profit. %P = 7−4 × 100 = 75% 4 35. The cost price of the 10 articles is equal to the selling price of 9 articles. Find the profit percent. CP (10 ) = SP (9 ) ⇒ CP : SP = 9 : 10 %P = 10 − 9 1 × 100 = 11 % 9 9 36. I sell 16 articles for the same money as I paid for 20. What is my gain percent? CP (20 ) = SP(16) ⇒ CP : SP = 16 : 20 = 4 : 5 %P = 5−4 × 100 = 25% 4 37. By selling 33 meters of cloth, one gains the selling price of 11 meters. Find the gain percent. SP − CP = P ⇒ SP (33m) − CP (33m) = SP (11m) ⇒ CP (33m) = SP (22m) ⇒ CP : SP = 22 : 33 %P = 33 − 22 11 × 100 = × 100 = 50% 22 22 38. By selling 66 meters of cloth, a person gains the cost of 22 meters. Find his gain percent. SP − CP = P ⇒ SP (66 m) − CP (66 m) = CP ( 22m) ⇒ CP (88m) = SP (66m) ⇒ CP : SP = 66 : 88 = 3 : 4 4−3 100 1 %P = × 100 = = 33 % 3 3 3 39. A sells a goods to B at a profit of 20% and B sells it to C at a profit of 25%. If C pays Rs.225 for it, what was the cost price for A? Compiled By: Anjan Page 5 Profit and Loss Rs.225 × 100 100 × = Rs.150 125 120 40. A sells a bicycle to B at a profit of 30% and B sells it to C at a loss of 20%. If C pays Rs.520 for it, at what price did A buy? Rs.520 × 100 100 × = Rs.500 80 130 41. Manju sells an article to Anju at a profit of 25%. Anju sells it to Sonia at a gain of 10% and Sonia sells it to Bobby at a profit of 5%. If Sonia sells it for Rs.231, find the cost price at which Manju bought the article? Rs.231 × 100 100 100 × × = Rs.160 105 110 125 42. A reduction of 10% in the price of sugar enables a person to obtain 25kg more for Rs.225. 1) What is the reduction price per kg? 2) What was the original price per kg? 10 100 = Rs.0.90 per kg 1) 25kg Rs.0.90 per kg 2) × 100% = Rs.1 per kg 90% Rs 225 × 43. A tradesman marks his goods at 25% above his cost price and allows purchasers a discount of 1 12 % for the cash payment. What profit percent does he make? 2 1 % P = 25% − 12 % − 2 1 25% × 12 % 2 = 93% 100 8 44. A trader allows a discount of 5% for cash payment. How much percent above cost price must he mark his goods to make a profit of 10%? Compiled By: Anjan Page 6 Profit and Loss 10% = ? % − 5 − ⇒ ? % = 15 ? % × 5% 100 15 % 19 45. A profit of 20% is made on goods when a discount of 10% is given on the marked price. What profit percent will be made when a discount of 20% is given on the marked price? 20% = x − 10 − ⇒x= 10 × x 100 100 % 3 100 3 100 20 × 100 − 20 − 3 20 2 ⇒?= %=6 % 3 3 ?% = 46. A person sells an article at a profit of 10%. If he bought it for 10% less and sold it for Rs.3 more, he would have gained 25%. Find the cost price. Rs.3 × 100% = Rs.120 12.5% − 10% 47. A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs.55 more he would have had a profit of 40%. Find the cost price of the article. Compiled By: Anjan Page 7 Profit and Loss Rs.55 × 100% = Rs.250 12% − (−10%) Compiled By: Anjan Page 8
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