5 Challenges on 05.11.

14
(Profit & Loss)

1. An article is sold for Rs.300 at a profit of 20%. Had it been sold for Rs.235, the loss
percentage would have been

( a) 3%

(b ) 5%

(c ) 6%

(d) 16%

Solution : (c ) Let the cost price of article =..

Then 120% of x=300

= 300 Therefore x= = . 250
Now SP = 235

Then ,loss percentage = 100 =6%

2. Meena purchased two fans each at Rs.1200. She sold one fan at the loss of 5%
and other at the gain of 10% . Find total gain or loss percent.

(a )1.2% loss

(b) 1.2% profit (c )2.5% profit (d ) 2.5% loss

Solution (c ).
Total CP= 2 x 1200= Rs. 2400

SP at 5% loss = 1200 = . 1140

SP at 10% gain = 1200 = . 1320

Total SP = 1140 + 1320 = Rs. 2460
Therefore Gain = 2460 - 2400 = Rs.60

Therefore Gain % = 100% = 2.5%

3. The difference between the CP and SP of an article is Rs.240. If the profit is
20%,the selling price is
(a ) Rs.1440

(b )Rs.1400

(c )Rs.1240

(d )Rs.1200

Solution (a )
Given Gain % = 20
Difference between SP and CP = 240

Now ,gain % = 100
20 = 100

CP = 240 5
CP = 1200
Therefore SP = 1200 + 240 =1440

(Therefore SP CP =240 )

4. If the difference between the selling prices of an article at profit of 6% and 4% is

Rs.3 ,then the cost price of the article should be
(a )Rs.100

(b ) Rs.150

(c ) Rs.175

(d) Rs.200

Solution ( b).
Let CP = x
According to the question,

=3

=3

Therefore x =
= . 150

Direct Approach
According to the question, (5% - 4% ) =3 = 2% =3
= (2 x 50)% =3 x 50
Therefore 100% = Rs.150

5. A person sold his watch for Rs.75 and got a percentage profit equal to the cost
price . The cost price of the watch is
(a ) Rs.40

(b ) Rs.45 (c ) Rs.50 (d ) Rs.55

Solution (c ).
Let CP of the watch be Rs. x. Then ,According to the question .
75
100 =

= ( 75 x) 100 =
= + 100 7500 = 0
= + 150 50 7500 = 0
= x + 150) 50 + 150) = 0)
= + 150) 50) = 0
= x = Rs.50