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%
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 | |||
On selling an article for Rs. 240, a trader loses 4%. In order to gain 10%, he must sell that article for ___________ | |||
| Right Option : C | |||
| View Explanation | |||
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 | |||
Students / Parents Reviews [20]
Abhyas Methodology is very good. It is based on according to student and each child manages accordingly to its properly. Methodology has improved the abilities of students to shine them in future.
Manish Kumar
10thAbhyas institute is one of the best coaching institute in the vicinity of Ambala cantt.The institute provides good and quality education to the students.The teachers are well experienced and are very helpful in solving the problems. The major advantages of the institute is extra classes for weak...
Shreya Shrivastava
8thMy experience with Abhyas is very good. I have learnt many things here like vedic maths and reasoning also. Teachers here first take our doubts and then there are assignments to verify our weak points.
Shivam Rana
7thAbhyas institute is one of the best coaching institute in the vicinity of Ambala Cantt area. The teachers of the institute are well experienced and very helpful in solving the problems of the students.The good thing of the institute is that it is providing extra classes for the students who are w...
Aman Kumar Shrivastava
10thMy experience was very good with Abhyas academy. I am studying here from 6th class and I am satisfied by its results in my life. I improved a lot here ahead of school syllabus.
Ayan Ghosh
8thBeing a parent, I saw my daughter improvement in her studies by seeing a good result in all day to day compititive exam TMO, NSO, IEO etc and as well as studies. I have got a fruitful result from my daughter.
Prisha Gupta
8thAbhyas is good institution and a innovative institute also. It is a good platform of beginners.Due to Abhyas,he has got knoweledge about reasoning and confidence.My son has improved his vocabulary because of Abhyas.Teacher have very friendly atmosphere also.
Manish Kumar
10thThird 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
8thIt was a good experience with Abhyas Academy. I even faced problems in starting but slowly and steadily overcomed. Especially reasoning classes helped me a lot.
Cheshta
10thUsually we see institutes offering objective based learning which usually causes a lag behind in subjective examinations which is the pattern followed by schools. I think it is really a work of planning to make us students grab the advantages of modes of examination, Objective Subjective and Onli...
Anika Saxena
8thMy experience with Abhyas academy is very nice or it can be said wonderful. I have been studying here from seven class. I have been completing my journey of three years. I am tinking that I should join Abhyas Academy in tenth class as I am seeing much improvement in Maths and English
Hridey Preet
9thAbhyas is a complete education Institute. Here extreme care is taken by teacher with the help of regular exam. Extra classes also conducted by the institute, if the student is weak.
Om Umang
10thThe experience was nice. I studied here for three years and saw a tremendous change in myself. I started liking subjects like English and SST which earlier I ran from. Extra knowledge gave me confidence to overcome competitive exams. One of the best institutes for secondary education.
Aman Kumar Shrivastava
10thAbout Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
Shreya Shrivastava
8thMy experience with Abhyas academy is very good. I did not think that my every subject coming here will be so strong. The main thing is that the online tests had made me learn here more things.
Hiya Gupta
8thMy experience with Abhyas Academy has been very good. When I was not in Abhyas whenever teacher ask questions I could not speak it confidently but when I came in Abhyas, my speaking skills developed and now I am the first one to give the answer of teachers question.
Upmanyu Sharma
7thOne of the best institutes to develope a child interest in studies.Provides SST and English knowledge also unlike other institutes. Teachers are co operative and friendly online tests andPPT develope practical knowledge also.
Aman Kumar Shrivastava
10thIt was good as the experience because as we had come here we had been improved in a such envirnment created here.Extra is taught which is beneficial for future.
Eshan Arora
8thAbhyas academy is great place to learn. I have learnt a lot here they have finished my fear of not answering.It has created a habit of self studying in me.The teachers here are very supportive and helpful. Earlier my maths and science was good but now it has been much better than before.
Barkha Arora
10thA marvelous experience with Abhyas. I am glad to share that my ward has achieved more than enough at the Ambala ABHYAS centre. Years have passed on and more and more he has gained. May the centre flourish and develop day by day by the grace of God.
