Profit and Loss Percent
Profit and Loss Percent
Illustration 1: Rohan sold a book for Rs 60 which he has bought for Rs 50. Find his profit or loss percent
Solution: Cost Price of One book = 50 Rs.
Selling Price of One book = 60 Rs.
As selling price is more than cost price so he is making profit.
Profit = SP -CP = 60- 50 = 10 Rs.
Illustration 2: If the C.P.of 25 chairs is equal to the S.P. of 30 chairs, find the loss percent.
Solution: Let the C.P. of each chair be Rs 1. Then,
C.P. of 30 chairs = Rs 30
It is given that,
S.P. of 30 chairs = C.P. of 25 chairs
S.P. of 30 chairs = Rs 25
Clearly, S.P. < C.P.
So, there is loss given by
Loss = C.P. - S.P.
= Rs(30 - 25)
= Rs 5
Now, Loss % =
Illustration 3: Three items are purchased at Rs 450 each. One of them is sold at a loss of 10%. At what price should the other two be sold so as to gain 20% on the whole transaction? What is the gain % on these two items?
Solution: We have, C.P. of one item = Rs 450
S.P. of three items = Rs(3 X 450)
= Rs 1350
Gain on the whole transaction = 20 % of S.P.
= 20% of Rs 1350
= Rs 270
S.P. of three items = C.P. + Gain
= Rs 1350 + Rs 270
= Rs 1620
It is given that first item is sold at a loss of 10%.
Loss on selling first item = 10% of Rs 450
= Rs 45
S.P. of first item = C.P. - Loss
= Rs 450 - Rs 45
= Rs 405
S.P. of three items is Rs 1620 and the S.P. of first item is Rs 405
S.P. of the remaining two items = Rs 1620 - Rs 405
= Rs 1215
Thus, the other two items should be sold at Rs 1215
C.P. of the remaining two items = Rs(2 X 450) = Rs 900
Gain on the remaining two items = S.P. - C.P
= Rs 1215 - Rs 900
= Rs 315
Gain % on the remaining two items
= 35%
Yamini sold a book for Rs 120 which he has bought for Rs 100. Find his profit or loss percent | |||
| Right Option : B | |||
| View Explanation | |||
Arun sold a book for Rs 100 which he has bought for Rs 50. Find his profit or loss percent. | |||
| Right Option : D | |||
| View Explanation | |||
An article is sold for Rs 2400 at a profit of 25 %. What would have been the actual profit or loss if it had been sold at Rs 1800? | |||
| Right Option : C | |||
| View Explanation | |||
Students / Parents Reviews [20]
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Om Umang
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Cheshta
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Shreya Shrivastava
8thThird consective year,my ward is in Abhyas with nice experience of admin and transport support.Educational standard of the institute recumbent at satisfactory level. One thing would live to bring in notice that last year study books was distributed after half of the session was over,though study ...
Ayan Ghosh
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Hiya Gupta
8thIn terms of methodology I want to say that institute provides expert guidence and results oriented monitering supplements by requsite study material along with regular tests which help the students to improve their education skills.The techniques of providing education helps the students to asses...
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7thWhen I have not joined Abhyas Academy, my skills of solving maths problems were not clear. But, after joining it, my skills have been developed and my concepts of science and SST are very well. I also came to know about other subjects such as vedic maths and reasoning.
