Profit and Loss

1. A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is:

एक दुकानदार मुद्रित मूल्य पर 10% छूट पर एक किताब बेचने पर 12% का लाभ कमाता है। पुस्तक के लागत मूल्य और मुद्रित मूल्य का अनुपात है:

A. 45 : 56

B. 45 : 51

C. 47 : 56

D. 47 : 51

Answer: Option A

Solution: Let the CP be 100

Hence, SP=100+12% of 100

 =112

 If the marked price be X,

then 90% of X=112

⇒x=

⇒x=Rs.11209

Hence, Required ratio=100:=900:1120=45:56

2. By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:

एक साइकिल को रुपये में बेचकर। 2,850 पर एक दुकानदार को 14% का लाभ होता है। यदि लाभ घटाकर 8% कर दिया जाए, तो विक्रय मूल्य होगा:

A. Rs. 2600

B. Rs. 2700

C. Rs. 2800

D. Rs. 3000

Answer: Option B

Solution: Let Cost Price was X.

X + 14% of X = 2850

X += 2850

X + 0.14X = 2850

1.14X = 2850

X = 2500.

So, Cost Price = Rs. 2500.

Now, Selling Price When profit remains at 8%,

= 2500 + 8% of 2500

= Rs. 2700.

Short-Cut

CP of bicycle =
× 2850 = Rs. 2500

SP for a profit of 8% = × 2500 = Rs. 2700

3. A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction: A

एक वस्तु B को 10% के लाभ पर बेचता है B वह वस्तु A को 10% की हानि पर वापस बेचता है। इस लेनदेन में:

A. A neither losses nor gains

B. A makes a profit of 11%

C. A makes a profit of 20%

D. B loses 20%

Answer: Option B

Solution: First Method

Let CP was 100 for A originally

A sells article to B at 10% profit,

CP for B = 100 + 10% of 100 = 110

Now, B sells it A again with loss 10%

Now, CP for A this time = 110 – 10% of 110 = 99

A makes Profit = 110 – 99 = 11

% profit for A =

  = 11%

Second Method

It could be easily shown by net percentage change graphic.

100(A) == 10%(Profit) ⇒110(B) == 10%(Loss) ⇒ 99(A)

In this transaction A makes a profit of (110 – 99 = 11%) 11%

[10% on selling to B and 1% profit on buying back from B]

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