Profit and Loss

Question: The marked price of an article is 60 percent more than its cost price. If 20 percent discount is given, then what will be the profit percentage? Answer: 1. 28 percent Solution: marked price= 1.6 times cost pricem=1.6 cs(selling price)= m-m(0.2)s=0.8 m = 0.8(1.6)cprofit = (s-c)/c=0.28percentage 28 percent

Question: If the cost price of 6 pens is the same as the selling price of 5 pens, find the profit/loss percentage. Answer: 1. 20% profit Solution: cost price be c. selling price be s.6c=5sprofit = (6c/5 – c)/100=20 percent profit

Question: Rs. 9000 is lent at the rate of 80 percent per annum on compound interest (compounded half yearly). what will be the compound interest of 12 months? Answer: Rs. 8640 Solution:interest= PXRXT/100Compound interest be x(9000(0.5)(0.8)+ 9000(1+0.5(0.8))(0.8)(0.5))/1003600+5040Rs 8640

Question: The simple interest received on a sum for 40 years is 2/5 of the sum. what is the annual rate of interest? Answer: 3. 1 percent Solution:formula S.I= PXRXT/(100)2/5X = X(R)(40)/(100)R= 1 percent

Question: Marked price of a chair is Rs. 2000. After giving two successive discounts of 20 percent and x percent, the chair is sold for Rs. 1400. What is the value of x? Answer: 12.5 percent Solutions: bulding equation selling price after 1 st dsicount 2000-0.2(2000)=1600building equation after x discount1600-(0.01)x1600=1400200=0.01(x) 16001/8=12.5 percent

Question: Both A and B sells their watch at the rate of Rs. 5000 per watch. A earned a profit of 25 percent while B incurred a loss of 10 percent. What is the ratio of cost prices of A and B? Answer: 2. 18:25 Solution:Creating equations 25 percent profit at a sell of 5000c.p

Question: A sum of money placed at compound interest (compounding annually) doubles itself in 10 years. find the time in which it will amount to 4 times itself. Answer: 20 years Solution:Time is directly proportional to amount.As amount is doubled in 10 years so amount will 4 times in next 10 years.

Question: Selling price of an article is Rs. 5175 and discount of 25 percent is offered. What is the marked price of the article? Answer: 2. Rs 6900 Solution: The equation for the following is marked price be m.m-0.25m=51750.75m=5175M=Rs 6900

Question : Rohit buys an old bat for Rs 2320 and spends Rs 180 on its repairing. If he sells it for Rs. 2400 , then what is the loss Answer: 4 is the correct answer Solution : Total money spend on the bat by Rohit (cost price)= Rs 2320+180 = Rs 2500Total loss occur=