PROFIT AND LOSS

ANSWERS
Quiz Ques 1:
CP = 400Rs
Markup% = 20%
Profit% = 7.5%

(a) Markup = 20% of 400 = [20/100]*400 = 80Rs

(b) MP = CP + Markup = 400+80 = 480Rs

(c) Profit = 7.5% of 400 = [7.5/100]*400 = 30Rs

(d) SP = CP + Profit = 400+30 = 430Rs

(e) Discount = MP - SP = 480-430 = 50Rs

(f) Discount% = [50/480]*100 = 10.417%
Quiz Ques 2:
Let CP of 1st article = 100Rs

SP of 1st article = 1.75*100 = 175Rs

SP of 2nd article = SP of 1st article = 175Rs
CP of 2nd article = SP/0.7 = 175/0.7 = 250Rs
Total SP = 175+175 = 350Rs
Total CP = 100+250 = 350Rs

There is no profit no loss!!
Quiz Ques 3:

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Let CP of A, B, C be 100, 200, 400Rs

Then SP of A, B, C will be 1.1*100, 1.2*200, 1.25*400 = 110, 240, 500 Rs

Now, they are sold in ratio 2:5:2 i.e. in 9 articles, 2 are A, 5 are B, and 2 are C
CP of them will be = 2*100 + 5*200 + 2*400 = 2000Rs
SP of them will be = 2*110 + 5*240 + 2*500 = 2420Rs
Profit = 420Rs on 2000Rs
Profit% [420/2000]*100 = 21% profit!!
Quiz Ques 4:
CP*12 = SP*9
CP/SP = 9/12
Let CP = 9Rs

SP = 12Rs
Profit = 12-9 = 3Rs
On 5 articles, CP = 45Rs, SP = 60Rs, Profit = 15Rs
On 10 articles, CP = 90Rs, SP = 120Rs, Discount = 15Rs

Discount per article = 1.5Rs

MP of article = SP + Discount = 12 + 1.5 = 13.5Rs

Markup = MP - CP = 13.5 - 9 = 4.5Rs

Markup% = [markup/CP]*100 = [4.5/9]*100 = 50%

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Discount% = [discount/MP]*100 = [1.5/13.5]*100 = 11.11%