Friday, May 11, 2018

Profit and Loss


Q. A man sales an article at 10% gain. Had he sold at for Rs. 60 more he could have gained 20%. What is the C.P of the article.

Ans. The Formula is as under.


C.P = more gain X 100   = 60 X 100  = 600 Rs
             Diff in profit               10


Q. A merchant who marked his goods up by 50% subsequently offered a discount of 20% .What is the percentage profit that the merchant make after offering the discount.

Ans. The Formula is as under.


Profit Percent =         =      =   20%



The negative values(-20) are because there is a discount.


Q. A shopkeeper marks his goods at 20% above the C.P and allow of 10% discount.
     Find the profit percent.

Ans. The Formula is as under.



Profit Percent =         =       =  8%



Positive answer shows Profit
Negative answer shows Loss 


Q. If the cost of petrol increases by 40%.By what percent the person should reduce the consumption considering expenditure on petrol remains same.

Ans. The Formula is as under.


Decrease in consumption =     =     =     percent



Q. If the cost of petrol decreases by 10%.By what percent the person should increase the consumption considering expenditure on petrol remains same.

Ans. The Formula is as under.


Increase in consumption =       =     =    percent



Q. A man sold two cows at Rs. 1995 each. One he lost 10% and on the other he gained 10%. What is his gain or loss percent.

Ans. The Formula is as under.


Loss Percent =    =      = 1 %


There is always loss if the loss and gain percentages are same.


Q. A shopkeeper marks the price of his goods 20% higher than the original price. Then he gives 20% discount on goods.Find his profit or loss percent.

Ans. The Formula is as under.


Loss Percent =    =     =  4%


Q. What price should a shopkeeper mark on an article costing him Rs. 153 to get 
     20% profit after allowing discount of 15%.

Ans. The Formula is as under.


M.P =     =       =  216



Q. 'A' sells a good to 'B' at a profit of 15%. 'B' Sells it to 'C' at a profit of 20%.
      What is the resultant profit.

Ans. The Formula is as under.


Resultant Profit  =       =    =    38%



Q. A merchant professes to sell goods at 20% profit ,but he uses weight of 900 gm in place of a Kilogram. What is his profit percentage.

Ans. The Formula is as under.


Profit Percent =       =   



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