Profit and Loss

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PROFIT = SP - CP

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LOSS = CP - SP

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A cloth merchant bought 20 shirts, each @ Rs 180. He paid Rs 100 as octroi charges. He sold each of them for Rs 203.50. Find his % profit
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Total cost = cost of 20 shirts + Rs 100 = 3700 Cost / Shirt = 3700/20 = 185. Selling price = 203.50. Profit = 203.5 - 185 = 18.50 % Profit = (18.50/185) *100 = 10%
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X purchased 2 watches @ the same price, sold one @ a profit of 10% and the other @ 12.5%. If the difference between the two SP is Rs 15, what is the the CP of each?
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Let the CP of the watch = 100 the SP of 1st watch = 110 & the SP of 2nd watch = 112.5. If the difference in the SP = 2.5, then the CP = 100; if the difference in SP = 15, the CP = (100 * 15) / 2.5 = 600
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A fruit vendor buys apples @ a score for Rs 175, and sells them @ a dozen for Rs 114. What was the percentage of gain or loss?
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CP = Rs.175/score CP/Pineapple = 175/20 = 8.75 (Note: 1 score = 20) SP = Rs 114/dozen SP/Pineapple = 114/12 = 9.5 Profit = 0.75 % Profit = (0.75/8.75)*100 4 = 8 /7 %
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A man sells two tables at the same price. On one he makes a profit of 10% and on the other he makes a loss of 10%.
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If the SP of the tables was Rs 1000 each, what was the profit / loss in Rs and what was the CP of each of the tables?
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Net loss = % = 1% loss If SP = A, the amount of loss = 2 2 2 2p A / (100 - p ) As the selling price = 1000, loss 2 2 2 =2*10 *1000 / 100 - 10 20 =2000/99 = 20 /99
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Cost price of the item sold on profit CP (1 + 0.1) = 1000. 1 CP = 1000/1.1 = 909 /11 Cost price of the item sold on loss CP (1 - 0.1) = 1000. CP = 1000/0.9= 1111.11
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A floppy disc drive is sold for Rs 935 at a profit of 10%. What would have been the actual profit or loss if it had been sold at Rs 807.50?
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CP (1.1) = 935. CP =935/1.1 = 850 If SP = Rs.807.50, then loss = 850 - 807.50 = 42.50 % Loss = (42.5/850)*100 = 5%
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Profit obtained by selling a wrist watch at Rs 160 is 7 th equal to /5 of the profit obtained by selling the same wrist watch at Rs 150. What is the CP?
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Let the cost of a watch be X (160 - X) = 7/5* (150 - X) 800 - 5X = 1050 - 7X. 2X = 250 X = Rs.125

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R buys 20 kg of rice @ Rs 1.50/kg, and another 40 kg @ Rs 0.90/kg. R mixes rd them and sells 1/3 of the mixture @ Re 1/kg.
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At what price should R sell the remaining to get a overall profit of 25%?

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Total cost for the entire quantity of rice = 20*1.5 + 40*0.9 = 66 If Rs profit is 25% then the sales realization = 1.25 * 66 = 82.50 R sells 20 kg at Re 1/kg = Rs.20.
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Therefore to make the required profit, R should sell the remaining 40 kg at (82.50 - 20) = Rs.62.50 The SP of a kg of rice for the remaining 40 kgs =62.5/40 = 1.5625
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2000 copies of a book are printed at Rs 8000. What should be the list price if the publisher wants 50% profit after giving a 20% discount on the list price?
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CP per book = 4 Profit to be made = 50% SP = 1.5 * 4 = 6 Rs.6 should be the net price to the publisher after a 20% discount on the list price. i.e List price * 0.8 = 6 List price = 6/0.8 = Rs.7.5
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What should each of the sixty T-Shirts be sold at, (the CP of each is Rs.25), so as to get a profit equal to the SP of 10 of them?
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SP of 10 T-Shirts = (SP of 60 T-Shirts) (CP of 60 T-Shirts) 10 SP = 60 SP - 60 * 25 50 SP = 1500 SP = Rs.30

of 160 chairs were sold @ profit of Rs.25 and the rest for Rs.8200. If the seller makes 25% profit in the transaction, what is the CP of each?
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th 5/8

100 chairs were sold at a profit of Rs.25 each. profit on these 100 chairs = 2500 S.P of all 160 chairs = C.P of 100 chairs + Profit on 100 chairs + S.P of 60 chairs = 100 * C.P + 2500 + 8700 = 100 * C.P +10700
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But these 160 chairs were sold at a profit of 25%. SP = 1.25*CP 160*1.25*CP = 100*CP + 10700 200 CP = 100 CP + 10700 CP = 107
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If an article is sold at a 2 loss of 66 /3%, what is the loss in terms of the selling price?
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Let the C.P = 100. Amount loss = 66 2/3*SP = 100 - 66 2/3 = 33 1/3 Loss expressed in terms of SP = 66 2/3 / 33 1/3* 100 = 200%

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A sells an article to B at a profit of 5%. B sells the same to C for Rs.1071 at a profit of 2%. What did A pay for it?
1071 / (1.05 * 1.02) = 1000
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X buys a camera for Rs 6000 and sells it to Y @ profit of 20%. Y sells it to X @ loss of 10%. What was the % gain to X?
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Transaction I: SP of X = CP of Y = 1.2 * 6000 = 7200 Transaction II: SP of Y = CP of X = 0.9 * 7200 = 6480 net profit to X = S.PX1 - S.PY2 = 7200 - 6480 = 720 % profit = (720/6000)*100 = 12%
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A package tour operator allows 25% discount on his advertised price and then makes a profit of 20%. What is the advertised price on which he gains Rs.60?
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Profit = 60 Net price = 1.2 (C.P) 1.2 C.P C.P = 60 0.2 C.P = 60 C.P = 300 and Net price = 360. List price * (0.75) = Net price List price =Net.price/0.75 =360/0.75 = 480
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The CP of each of 1000 articles is Rs.0.85. Only 700 articles may be sold. Fix the SP of these 700 articles so that there is a profit of 40% on total cost. What is profit on the CP?
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CP of 1000 articles = Rs.850 SP = 1.4*CP = 1190. As only 700 articles can be sold, you have to get Rs.1190 SP = 1190/700= Rs1.70. Therefore, profit = Rs 0.85 and % profit = 0.85/0.85 *100 = 100%
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A calculates % profit on CP and R at the SP. Find the difference between their profits if both of them claim to make 20% on goods sold @ Rs.1500
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Case I: C.P(1.2) = 1500. C.P = 1250 Profit = 1500 - 1250 = Rs250 Case II: Profit = 0.2 (S.P) = 0.2 * 1500 = Rs300 The difference in profit made by each of the tradesmen = Rs 50
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A estimates that on inspection 20% of the articles A produces will be rejected. A takes an order to supply 20,000 articles at Rs.7.5 per item.
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A estimates the profit on the outlay to be 20% after providing for the rejects. Find the cost of manufacture per article.
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SP for 20,000 items = 150,000 No of items to be produced so that after 20% rejection A still has 20,000 items = 25,000 If A makes 20% profit, then CP = 150000/1.2 = 125,000 Cost/item = 125000/25000 = Rs.5
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A sold computers @ profit of 6% . Had A made a loss of 5% instead, A would have sold it for Rs 3850 less. What was the CP and SP in each of the cases?
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CP (1.06) = SP1 CP (0.95) = SP2 SP1 - SP2 = 3850 CP (1.06 - 0.95) = 3850 C.P = 35,000 and SP1 = 1.06 * 35,000 = 37,100 and SP2 = 0.95 * 35,000 = 33,250
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It was discovered that the yard stick used by a cloth merchant who claimed to sell at cost price measured only 33 inches. What was the % profit?
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the yard stick used = 33 inches, 33 th he was measuring /36 = 11/ th of a yard. 12 if his cost was Re 1 and he sold at Re 1, his CP was only Rs 11/ 1 12 and profit was Rs /12 1 11 1 his % profit = ( /12) / ( /12) = /11 1 = 9 /11%
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A offers 25% discount on the marked price. B offers 20% and a further discount of 5% on that price. As a buyer whom should I buy from?
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A: If the marked price = 100 then price to the buyer = 75. B: If the marked price = 100, then the net price = 0.8 * 0.95 * 100 = 76. I should buy from A.
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