Profit and loss

A reduction of 10% in the price of a pen enabled a trader to purchase 9 more for Rs.540. What is the reduced price of the pen?
A. 8	B. 6
C. 5	D. 4

profit and loss

A shopkeeper buys an article at a rebate of 20% on the printed price. He spends Rs 100 on the transportation of the article. After charging a sales tax of 6% on the printed price, he sells the article at Rs 1060. Find the profit percentage.

profit and loss

By selling an article for Rs 24 the profit percentage made is equal to the cost price of the article. Find the cost price of the article.

Answer: Rs 20.

profit and loss

     I purchase some eggs for $100. 20% of the eggs break in transit, out of the remaining 25%was rotten. What profit percentage should I make on the remaining to get an overall 20% profit?

profit and loss

        A man finds that it costs $ (300+4N) per day to make N articles. If the selling price of each article is $7, what are the minimum articles to be produced per day if he has to make a profit?

profit and loss

        I bought some oranges at the rate of 5 for a $. I sold all of them to you at the rate of 4 for a $, bought all of them again from you at the rate of 3 for a $ and sold them all to you in the end at the rate of 2 for a $. What is my percentage profit in this whole transaction?

profit and loss

The cost price of an item increases by 10% first, then by 10% next and by 10% yet again finally. If the last10% increase is equivalent to an increase of $ 121, what was the first 10% equivalent to?

Profit and loss - ICSE 1999

When a discount of 20% is given on the market price of the article, a shopkeeper makes a profit of 25% on his cost price. What would be his percentage profit on cost if the article was sold at the market price?

Profit and loss - ICSE 1999

A trader loses 10% of his cost price by selling tea at 225. At what price should he sell it to gain 10% on his cost price?

Profit and Loss

Cost of 4 eggs is equal to the selling price of 5 eggs. What is the profit or loss percentage?

Ans:

By selling 5 eggs, the shopkeeper looses 1 egg.

So, by selling 100 eggs he will lose = (1/5) x 100 = 20%

profit and loss

A sells a Car to B at a profit of 10%, B sells it to C at a profit of 20%. If C pays $ 2000, what did A pay for it?




Answer

Cost of Car to A = y

So, Buying price of B = 1.10y

Buying price of C = 1.10y x 1.2 = 2000

or, y = 2000 / (1.1x 1.2) = $ 1515.15

profit and loss

Two third of a consignment was sold at a profit of 6% and the rest at a loss of 3%. If however, there was an overall profit of Rs 540, the value of the consignement was ........................





Answer

Cost price of consignment = y

so, (2/3)y x 1.06 + (1/3)y x .97 = 540 + y

or, (2.12 + .97)y = 540 x 3 + 3y

or, 0.09y = 540 x 3 

or, y = 18000

profit and loss

By selling 55 m of thread the shopkeeper gains the selling price of 22m. Find the gain percentage?








Answer:

Selling price of a meter of thread = y
so, selling price of 55m = 55y
and selling price of 22m = 22y
gain made by the shopkeeper on selling 55m of thread = 22y
cost price of 55m = 55y -22y = 33y
gain % = (gain/Cost price) x 100 = (22y/33y) x 100 = 66.67%

profit and loss

A man buys oranges at the rate of 6 for $2 and sells the whole lot at the rate of 7 for $3. In this process he gains $20. How many oranges did he purchase?






Answer
Selling price of 6 oranges = 3 x 6/7 = 18/7
gain on selling 6 oranges = (18/7) - 2 = 4/7
So, gain on selling 1 orange = (4/7)/6 = 4/42 = 2/21
Total gain = $20
so, no. of oranges purchased = 20/ (2/21) = 20 x 21/2 =210.

Profit and loss

The cost price of 16 articles is equal to the selling price of 12 articles. What is the gain or loss %?






Answer:

By selling 12 articles the shopkeeper gains 4 articles.
So, by selling 100 articles the shopkeeper will gain = (4/12) x 100 = 33.33 %

profit and loss

A vendor loses the selling price of 5 mangoes on selling 20 mangoes. His loss percentage is ......................




method 1
Selling price of 1 mango = y
so, selling price of 5 mangoes = 5y
and selling price of 20 mangoes = 20y
cost price of 20 mangoes = 20y + 5y = 25y
loss percentage = 100 x (loss/ cost price) = 100 x 5y/25y = 20%

Profit and loss

A man sold 2 cows for Rs 2000 each, neither losing nor gaining in the deal. If he sold one cow at a gain of 29%, at what % loss did he sell the other cow. 

Ans:
Cost Price of 1st Cow = 2000/1.29 = Rs 1550.38
Gain = 2000 - 1550.38 =  449.612
So, loss = 449.612 in the sale of second cow.
So, Cost Price of second cow = 2000+ 449.612 = 2449.612
Loss % = (449.612 / 2449.612) x 100 =18.32%