Catking P&L

Profit and Loss
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Profit and Loss
Table of Contents
Introduction 1
Solved Examples 3
Practice Questions 17
Answer Key 24
Solutions 24
Let’s get started..
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Profit and Loss
Introduction
1. Cost Price: The price at which an article is purchased, is called its cost
price, it is abbreviated as C.P.
2. Selling Price: The price at which an article is sold, is called its selling
prices, it is abbreviated as S.P.
3. Profit or Gain: If S.P. is greater than C.P., the seller is said to have
a profit or gain.
4. Loss: If S.P. is less than C.P., the seller is said to have incurred a loss.
*** IMPORTANT FORMULAE

1. Gain = (S.P.) - (C.P.)
2. Loss = (C.P.) - (S.P.)
3. Loss or gain is always calculated on C.P.
4. Gain Percentage: (Gain %)
Gain x 100
Gain % =
C.P.
5. Loss Percentage: (Loss %)
Loss x 100
Loss % =
C.P.
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Profit and Loss
6. Selling Price: (S.P.)

(100 + Gain %)
SP = x C.P
100
7. Selling Price: (S.P.)
(100 - Loss %)
SP = x C.P.
100
8. Cost Price: (C.P.)
100
C.P. = x S.P.
(100 + Gain %)
9. Cost Price: (C.P.)
100
C.P. = x S.P.
(100 - Loss %)
10. If an article is sold at a gain of say 35%, then S.P. = 135% of C.P.
11. If an article is sold at a loss of say, 35% then S.P. = 65% of C.P.
12. When a person sells two similar items, one at a gain of say x%, and
the other at a loss of x%, then the seller always incurs a loss given by:
Common Loss and Gain % 2 x 2
Loss % = = .
10 10
13. If a trader professes to sell his goods at cost price, but uses false
weights, then
Error
Gain % = x 100 %.
(True Value) - (Error)
Profit and Loss
Solved Examples
Q.1) A fisherman catches 2000 fishes on a particular fishing trip. He sells
these fishes in the market at the rate of Rs.25 per fish. According to his
estimates, after considering all the expenses, even if 5% of the fishes
get stale till the time he reaches the market, he will make a profit of
25%. But all of a sudden, the government announces a 10 days
lockdown, due to a medical emergency, and 50% of the fishes get stale
by the time he reaches the market after lockdown. Hence, what will be
the amount of loss that he will bear?
A. Rs 12,000
B. Rs 13,000
C. Rs 14,000
D. Rs 15,000
E. None of these
Answer – B. Rs 13,000
Explanation:
5% of 2000=100 so 2000-100=1900 so, if he sells 1900 he will get 25%
profit
cost per piece Rs. 25…… so 25x 1900 don’t solve here
if 125%…………………..25×1900
100 %………………….?
?= 25x1900x100/125=38000=CP
if 50% fishes get stale, only 1000 pieces sold
so 1000×25=25000= SP
loss=cp-sp= 38000-25000=13000
Profit and Loss
Q.2) Raghav bought 30 meters of cloth at the rate of Rs. 800 per meter.
He got a sewing kit for Rs. 1000. He sew 5 Blazers and 30 kids clothes
out of it. If he sold the Blazers at Rs. 3000 each and the kids clothes at
Rs. 400 each, what was the percentage of profit that he made?
A. 10%
B. 8%
C. 15%
D. 6%
Answer – B. 8%
Explanation:
CP =Rs.(30 x 800 + 1000) = Rs.25000
SP = Rs. (5 x 3000 + 30 x 400) = Rs.27000
Gain% = (2000/25000 x 100)% = 8%
Q.3) The selling price of an electric cable of 20m length is Rs. 616 (Sales
tax included). The sales tax is charged at the rate of 10%. If the
shopkeeper makes an overall profit of 12%, what is the cost price of
20m length of that cable.
A. Rs 500
B. Rs 515
C. Rs 550
D. Rs 600
Profit and Loss
Answer – A. Rs 500
Explanation:
110% of S.P. = 616
=> S.P. = Rs.(616 x 100/110) = Rs.560.
=> C.P. = Rs (100/112 x 560)
= Rs 500
Q.4) Anant bought a new mobile phone, after using it for a week he
didn’t like some of the features of the phone and so he sold it to his
friend for Rs. 32000, and also beared a loss of 5% in this transaction.
What was the cost price of this phone for Anant?
A. Rs 35000.50
B. Rs 32000.00
C. Rs 34000.47
D. Rs 33684.21
Answer – D. Rs 33684.21
Explanation:
loss=5% so,
95%………….32000
100%………..?
?=(32000×100/95)=33684.21
Profit and Loss
Q.5) While shopping in a mall, Sanika liked a dress. The marked price on
that dress was Rs. 720. The shopkeeper offered her a discount of 10%
on the marked price, but she got into a further bargain and bought the
dress for Rs. 550.80. What was the second discount rate that she
availed?
A. 12%
B. 14%
C. 15%
D. 18%
Answer – C. 15%
Explanation:
Let the second discount rate be x% Then,
(100 – x)% of 90% of 720 = 550.80
=> (100 – x)/100 x 90/100 x 720 = 550.80
= (100-x) = [55080/(9 x 72) = 85=> x= 15
second discount rate =15%
Q.6) An article was sold at 20% discount on its marked price and no
profit, had it been sold at 30% discount, the shopkeeper would suffer a
loss of Rs. 500. What was the marked price of the article?
A. Rs 5,000
B. Rs 10,000
C. Rs 12,500
D. Rs 15,000
Profit and Loss
Answer – A. Rs 5,000
Explanation:
Let the marked price be Rs. x, then
(80% of x) - (70% of x) = 500
10% of x = 500
10%………..500
100%…………? = (500 x 100/10) = 5000 = x
Q.7) Ashok bought a textbook for Rs. 40 after getting 20% discount on
MRP. For how much would he get it, if the discount rate was 30%?
A. Rs 18
B. Rs 20
C. Rs 35
D. Rs 27
Answer – C. Rs 35
Explanation:
Let the list price be Rs. x
80/100x = 40
=> x = 40 x 100/80 = 50
∴ Required C.P. = 70% of Rs. 50=Rs.35
Profit and Loss
Q.8) Sara bought a lipstick and a nail polish, she got a discount of 25%
on the lipstick and a discount of 50% on the nail polish. The amount
that was deducted was equal for both the items. What was the C.P of
both items?
A. Rs 30, Rs 20
B. Rs 90, Rs 40
C. Rs 80, Rs 40
D. Rs 50, Rs 40
Answer – C. Rs 80, Rs 40
Explanation:
Let the cost of lipstick be x and nail polish be y. Then,
25% of x = 50% of y
=> x/y = 50/25 = 2/1
So, x and y must be in the ratio of 2:1
Q.9) Arun wants to buy a watch. The marked price of the watch is
Rs.2000. The watch dealer is offering a discount of 20% on the marked
price, but Arun’s budget is only Rs.1400. So how much more discount
should he avail to buy that watch?
A. 12.5%
B. 10%
C. 12%
D. 15%
Profit and Loss
Answer – A. 12.5%
Explanation:
S.P after 1st discount,
100%………2000
80%………?
?=2000×80/100=1600
Net S.P = Rs. 1400.
Discount on Rs. 1600 = Rs. 200.
∴Required discount = (200/1600 x 100)% =12.5%
Q.10) Sid buy’s a school bag for Rs.704, after bargaining for a 12%
discount on an already discounted price offered by the shopkeeper. The
shopkeeper had initially offered 20% discount on the marked price.
What was the marked price?
A. Rs 844
B. Rs 920
C. Rs 1000
D. Rs 1100
Answer – C. Rs 1000
Explanation – Let the labeled price be Rs. x
88% of 80% of x = 704
=> x = (704 x 100 x 100/88 x 80)= 1000.
Profit and Loss
Q.11) A shopkeeper purchased an article and sold it for a profit of

Rs.500, if the Percentage profit earned by him was 20%, then what was
the selling price of the article?
A. Rs 4000
B. Rs 1500
C. Rs 3000
D. Rs 3300
Answer – C. Rs.3000
Explanation:
120%-100%=20%
20%…………………500,
120%…………….?
?=3000
Q.12) Ridhi purchased a flute and sold it at a loss of 2.5%. If she had
demanded Rs.100 more for the flute, she would have earned a profit of
7.5%. At what cost should she sell the flute to earn a profit of 12.5%?
A. Rs 2200
B. Rs 1000
C. Rs 1100
D. Rs 1125
Answer – D. Rs.1125
Explanation:
Let C.P be Rs.x then,(107.5 % of x) – (97.5 % of x) = 100
=> 10% of x = 100
=> x =1000
∴ desired S.P = 112.5 % of Rs. 1000
= Rs.(225/2 x 1/100 x 1000) =Rs. 1125
Profit and Loss
Q.13) What should be the ratio of the selling prices, if a shopkeeper

sells a material to a customer at 8% profit and the same material to
another customer at 4% profit, and if the monitorial difference between
both the selling prices is Rs.3?
A. 51 : 52
B. 27 : 26
C. 51 : 53
D. 52 : 55
Answer – B. 27:26
Explanation:
Let the C.P of the article be Rs. x
Then required ratio = 108% of x / 104% of x
= 108/104= 27:26
Q.14) Ram has 2 bikes, he wants to sell his bikes and buy a car. He sells
both the bikes at Rs. 200000 each and gets 3% profit on one bike and
3% loss on another bike. How much was his gain% or loss% in this whole
transaction?
A. 0.09% loss
B. 0.09% profit
C. 3% loss
D. 3% profit
Profit and Loss
Answer – A. 0.09% loss

Explanation:
C.P1=200000 x 100/103 = 194174.75,
C.P2=200000 x 100/97 = 206185.56
Total C.P = 400360.35,
Total S.P = 400000,
Loss = 360.35
Loss % = (360.35/400360.35) x 100 = 0.09%
Q.15) Laxman bought two play stations from a known dealer at Rs.8000
each. The deal was such that, the dealer neither made profit nor loss in
the entire deal. Since the play stations were of different brands, the
dealer made a profit of 25% on one brand, so what was the loss% on
the other brand?
A. 50/3 %
B. 18 /3%
C. 25%
D. 32%
Answer – A. 50/3 %
Explanation:
Total S.P = 16000 Rs. and Total C.P = 16000 Rs.
S.P. of Ist = Rs. 8000. Gain on it = 25%
C.P of Ist = Rs. (100/125 x 8000) = Rs.6400
C.P of 2nd = Rs, (16000 – 6400) = Rs. 9600.
S.P of 2nd = 8000.
∴loss on 2nd commodity = (1600/9600 x 100)% = 50/3%
Profit and Loss
Q.16) Bala sold a cow and a buffalo for Rs. 100000 each. He gained 20%
for the cow and lost 20% for the buffalo. What was his total gain or loss
in the transaction?
A. no loss no gain
B. loss of Rs 1/12 lakh
C. loss of Rs 4 lakh
D. gain of Rs 6 lakh
Answer – B. loss of Rs. 1/12 lakh
Explanation:
Total S.P = Rs. 2 lakh.
C.P of Buffalo = Rs. (100/80 x 1)lakh = Rs 5/4 lakh
C.P of Cow = Rs. (100/120 x 1)lakh = Rs. 5/6 lakh
Total C.P = Rs. (5/4 + 5/6)lakh = Rs. 25/12 lakh
∴ loss = Rs.[(25/12) –( 2)]lakh = Rs. 1/12 lakh.
Q.17) A shopkeeper bought 100 kg of rice at the rate of Rs. 80 per kg. He
sold 30 kg of the rice at a profit of Rs. 10 per kg, 60 kg at a profit of Rs.
15 per kg and remaining rice at a loss of Rs. 10 per kg. What is the total
profit or loss that he earned?
A. Rs 1000
B. Rs 1100
C. Rs 1200
D. Rs 1300
Profit and Loss
Answer – B. Rs. 1100

Explanation:
Total C.P = Rs. (100 x 80) =Rs. 8000.
Total S.P = Rs. [(30 x 80) + (30 x 10)] + [(60 x 80) + (60 x 15)] + [(10 x 80) –
(10 x 10)]
Total S.P = 9100
Profit = Rs. (9100 – 8000)
= Rs. 1100
Q.18) Sania sold apples to different vendors. She sold 10 kg apples for a
total profit of Rs.460 to the 1st vendor, 12 kg apples for a total profit of
Rs. 144 to the 2nd vendor. Now at what profit per kg should she sell the
remaining 20 kg of apples so as to earn an average profit of Rs.18 per
kg?
A. Rs 7.10
B. Rs 7.60
C. Rs 7.99
D. Rs 8.00
Answer – B. Rs 7.60
Explanation:
Total profit required = Rs.(42 x 18) = Rs.756
Profit on 22 kg = Rs. (460 + 144) = Rs. 604
Profit on 20 kg = Rs. (756 – 604) = Rs. 152
Average profit on remaining apples = Rs.(152/20) = Rs. 7.60
Profit and Loss
Q.19) X bought 20 DVDs at the rate of Rs. 48 per DVD. He wrote these
DVDs with recorded lectures and then sold them to students who
demanded for it. He sold 8 DVDs to his known students at 10% profit
and the remaining 12 DVDs to unknown students at 20% profit. What is
the total profit percentage earned by X?
A. 8%
B. 15%
C. 16%
D. 19%
Answer – C. 16%
Explanation:
C.P of 20 DVDs = Rs.(48 x 20) = Rs.960
C.P of 8 DVDs = Rs. (48 x 8) = Rs. 384.
C.P of 12 DVDs =Rs. (960 – 384) = Rs. 576
Total S.P = Rs. (110/100 x 384 +120/100 x 576) = Rs.1113.60
∴ Profit % = (153.60/960 x 100) =16%
Q.20) Mohan purchased 4 cycles worth Rs.1000 each. He sold 3 of the

cycles at a loss of 10% and remaining 1 cycle at a profit of 10%. What
was his gain or loss?
A. loss of 5%
B. gain of 5%
C. loss of 19%
D. loss of 6%
Profit and Loss
Answer – A. loss of 5%
Explanation:
C.P of 4 cycles = Rs. (4 x 1000) = Rs. 4000,
∴ Total S.P = (90% of Rs. 3000 + 110% of Rs. 1000) = Rs. 3800
Loss = (200/4000 x 100) = 5%
Profit and Loss
Practice Questions
Q.1) A farmer plants some mango trees in his farm. After nurturing the
trees, he gets 2000 mangoes from them. He calculates all expenses of
nurturing the trees and decides to sell the mangoes at Rs.25 per piece.
According to his estimates, even if 5% of the mangoes get rotten till the
time he sells them, he will make a profit of 25%. But due to an
unexpected rain, 50% of the mangoes get rotten. How much loss will
the farmer have to face?
A. Rs 12,000
B. Rs 13,000
C. Rs 14,000
D. Rs 15,000
Q.2) Ravi wanted to start investing in the share market, so for a start,
he bought shares of two different companies. He got 30 shares of
Company ‘A’ at Rs. 80 per share and 50 shares of Company ‘B’ at Rs. 100
per share. After a while he was forced to sell the shares of company ‘A’
at Rs. 40 per share. He waited for few days and sold the shares of
company ‘B’ at Rs. 150 per share, what was the percentage of profit
that he made?
A. 12.5%
B. 15%
C. 17.5%
D. 25%
Profit and Loss
Q.3) Madhu bought a soft toy for her sister at Rs. 616. Over the price
tag it was mentioned as ‘Inclusive of sales tax’. If the government
charges sales tax at the rate of 10%, and the shopkeeper makes an
overall profit of 12%, at what cost did he get it from the wholeseller?
A. Rs 500
B. Rs 515
C. Rs 550
D. Rs 600
Q.4) On selling a Bouquet for Rs. 350, the vendor suffered a loss of 3%.
What was the cost price of that bouquet?
A. Rs 355.50
B. Rs 370.00
C. Rs 340.47
D. Rs 360.82
Q.5) A shopkeeper offered two successive discounts on an article with

listed price Rs. 650, and sold it at the price of Rs. 500. If the 1st discount
was 10%, then what was the 2nd discount?
A. 12.75%
B. 14.53%
C. 15.50%
D. 18.14%
Profit and Loss
Q.6) Ramesh bought a table fan with 25% discount on its marked price,
had he managed to get a discount of 30%, he would have saved Rs. 200
more. What was the Marked price?
A. Rs 5,000
B. Rs 4,000
C. Rs 4,500
D. Rs 6,000
Q.7) Ameya bought a water bottle for Rs. 300 after availing a discount
of 25%. Suppose the discount is reduced to 15%, now at what price will
he get the same bottle?
A. Rs 360
B. Rs 350
C. Rs 340
D. Rs 370
Q.8) Suresh bought a Diary and a Notebook, he got a discount of 30% on

the Diary and a discount of 60% on the Notebook. If the discounted
amount for both items was same, what was the MP of both items?
A. Rs 30, Rs 20
B. Rs 90, Rs 40
C. Rs 80, Rs 40
D. Rs 50, Rs 40
Profit and Loss
Q.9) A shopkeeper has advertised to give 20% discount on all items in

his store. He later realizes that more people will be attracted to his
store, if he sells the newly arrived perfume for Rs. 1400, which has the
marked price of Rs. 2000, by giving an additional discount. Also, this
would not cause him any losses. So how much additional discount
should he offer?
A. 12.5%
B. 10%
C. 12%
D. 15%
Q.10) Ramlal sells family pack ice cream for Rs. 352 after giving two
successive discounts of 20% and 12% respectively. What would be the
MRP on the package cover?
A. Rs 520
B. Rs 550
C. Rs 500
D. Rs 600
Q.11) Mohini ordered a dress online, after it was delivered, she found
out that the size did not fit her, and so she sold it to her friend at a loss
of Rs. 500, if she encountered 20% loss, then at what price did she sell it
to her friend?
A. Rs 2100
B. Rs 1800
C. Rs 2000
D. Rs 2300
Profit and Loss
Q.12) A shopkeeper sold an article at a loss of 5%, if he would have

charged Rs. 200 more, he would have gained 15%. How much should
the selling price be to gain 20%?
A. Rs 2200
B. Rs 1200
C. Rs 1100
D. Rs 1125
Q.13) What should be the ratio of the selling prices, if a shopkeeper

sells a material to a customer at 8% profit and the same material to
another customer at 4% profit, and if the monitorial difference between
both the selling prices is Rs. 3?
A. 51 : 52
B. 27 : 26
C. 51 : 53
D. 52 : 55
Q.14) Shreshth sells two mobile phones of the same company but
different models at Rs. 20000 each. He makes a profit of 5% on one and
loss of 5% on another. What is his total profit or loss?
A. 0.5% loss
B. 0.25% loss
C. 0.5% profit
D. 0.25% profit
Profit and Loss
Q.15) A shopkeeper sells two articles to a customer for Rs. 10000 each,
he makes no profit no loss in the entire transaction. But both the
articles costed a different amount to the shopkeeper, after selling both
at the same price, he made a profit of 20% on one article. Hence, find
the loss on the other article.
A. 14.28 %
B. 18.52 %
C. 13.65 %
D. 15.41 %
Q.16) A college offered two courses for students at the cost of Rs. 10000
each. The college administration was earning a profit of 20% from one
course and a loss of 20% from the other course. What was the total
profit or loss of the college due to these two courses?
A. no loss no gain
B. loss of Rs. 833.33
C. loss of Rs. 850
D. gain of Rs. 725
Q.17) Vijay bought 150 face masks from a wholesaler at Rs. 100 per
piece. He sold 60 masks with a profit of Rs. 12 per mask, 60 masks with
a profit of Rs. 15 per mask and remaining masks with a loss of Rs. 5 per
mask. How much average profit or loss did he make in this transaction?
A. Rs 10.56
B. Rs 9.80
C. Rs 12.12
D. Rs 13.67
Profit and Loss
Q.18) Kajal sold 50 packets of Tea, she sold 25 packets for a total profit
of Rs. 500 and 15 packets for a total profit of Rs. 270. Now to earn an
average profit of Rs. 20 per packet, at how much profit per remaining
packets should she sell them?
A. Rs 25
B. Rs 23
C. Rs 20
D. Rs 21
Q.19) Suhas bought 30 pairs of shoes at Rs. 500 per pair. He sold 20
pairs at 10% profit and the remaining 10 pairs at 20% profit. How much
total percentage profit did he earn?
A. 3.33%
B. 66.67%
C. 13.33%
D. 12.50%
Q.20) Asif sold raw cotton worth Rs. 8000 to two different merchants.
He sold ¾ of the total quantity at a profit of 10% to one merchant and
remaining ¼ of the quantity at 10% loss to another merchant. What is
his profit or loss on the whole?
A. loss of 5%
B. gain of 5%
C. loss of 10%
D. gain of 10%
Profit and Loss
Answer Key
1(B) 2(C) 3(A) 4(D) 5(B)
6(B) 7(C) 8(C) 9(A) 10(C)
11(C) 12(B) 13(B) 14(B) 15(A)
16(B) 17(B) 18(B) 19(C) 20(B)
Solutions
1. Answer – B. Rs 13,000
Explanation:
5% of 2000=100 so 2000-100=1900 so, if he sells 1900 he will get 25%
profit
cost per piece Rs. 25…… so 25x 1900 don’t solve here
if 125%…………………..25×1900
100 %………………….?
?= 25x1900x100/125=38000=CP
if 50% of mangoes get rotten, only 1000 pieces sold
so 1000×25=25000= SP
loss=cp-sp= 38000-25000=13000
2. Answer – C. 17.5%
Explanation:
CP =Rs.(30 x 80 + 50 x 100) = Rs. 7400
SP = Rs. (30 x 40 + 50 x 150) = Rs. 8700
Gain% = (1300/7400 x 100)% = 17.5%
Profit and Loss
3. Answer – A. Rs 500
Explanation:
110% of S.P. = 616
= S.P. = Rs.(616 x 100/110) = Rs.560.
C.P. = Rs (100/112 x 560)
= Rs 500
4. Answer – D. Rs 360.82
Explanation:
loss=3% so,
97%………….350
100%………..?
?=(350×100/97)=360.82
5. Answer – B. 14.53%
Explanation:
Let the second discount rate be x% Then,
(100 – x)% of 90% of 650 = 500
=> (100 – x)/100 x 90/100 x 650 = 500
= (100-x) = [50000/(9 x 65)] = 85.47=> x= 14.53
second discount rate =14.53%
Profit and Loss
6. Answer – B. Rs 4,000
Explanation:
Let the marked price be Rs. x Then,
(75% of x)- (70% of x) = 200
5% of x = 200
5%………..200
100%…………?, ?= (200 x 100/5) = 4000=x
7. Answer – C. Rs 340
Explanation:
Let the list price be Rs. x
(75/100)x = 300
=> x = 300 x 100/75 = 400
∴ Required C.P. = 85% of Rs. 400 = Rs. 340
8. Answer – C. Rs 80, Rs 40
Explanation:
Let the cost of diary be x and notebook be y. Then,
30% of x = 60% of y
=> x/y = 60/30 = 2/1
So, x and y must be in the ratio of 2:1.
Profit and Loss
9. Answer – A. 12.5%
Explanation:
S.P after 1st discount,
100%………2000
80%………?
?=2000×80/100=1600
Net S.P = Rs. 1400.
Discount on Rs. 1600 = Rs. 200.
∴Required discount = (200/1600 x 100) = 12.5%
10. Answer – C. Rs 500

Explanation:
Let the labeled price be Rs. x
88% of 80% of x = 352
=> x = (352 x 100 x 100/88 x 80) = Rs. 500.
11. Answer – C. Rs. 2000

Explanation:
C.P = (500/20) x 100 = 2500
S.P = C.P – Loss = 2500-500 = Rs. 2000
Profit and Loss
12. Answer – B. Rs. 1200

Explanation:
Let C.P be Rs. x then, (115 % of x) – (95 % of x) = 200
=> 20% of x = 200
=> x =1000
∴ desired S.P = 120 % of Rs. 1000
= Rs. (120/100) x 1000 =Rs. 1200
13. Answer – B. 27:26

Explanation:
Let the C.P of the article be Rs. x
Then required ratio = 108% of x / 104% of x
= 108/104= 27:26
14. Answer – B. 0.25% loss

Explanation:
C.P1=20000 x 100/105 = 19047.62,
C.P2=20000 x 100/95 = 21052.63
Total C.P = 40100.25,
Total S.P = 400000,
Loss = 100.25
Loss % = (100.25/40100.25) x 100 = 0.25%
Profit and Loss
15. Answer – A. 14.28 %

Explanation:
Total S.P = Rs. 20000 and Total C.P =Rs. 20000.
S.P. of Ist = Rs. 10000. Gain on it = 20%
C.P of Ist = Rs. (100/120 x 10000) = Rs. 8333.33
C.P of 2nd = Rs, (20000 – 8333.33) = Rs. 11666.67.
S.P of 2nd = 10000.
∴loss on 2nd article = (1666.67/11666.67 x 100)% = 14.28%
16. Answer – B. Loss of Rs. 833.33

Explanation:
Total S.P = Rs. 20000.
C.P of 1st course = Rs. (100/80 x 10000) = Rs 12500
C.P of 2nd Course = Rs. (100/120 x 10000) = Rs. 8333.33
Total C.P = Rs. 12500+8333.33 = Rs. 20833.33
∴ loss = Rs. 20833.33-20000 = Rs. 833.33.
17. Answer – B Rs. 9.80

Explanation:
Total C.P = Rs. (150 x 100) =Rs. 15000.
Total S.P = Rs. [(60 x 100) + (60 x 12)] + [(60 x 100) + (60 x 15)] + [(30 x
100) – (30 x 5)]
Total S.P = 6000+720+6000+900+3000-150 = 16470
Average profit = Rs. (16470 – 15000) /150
= Rs. 1470/150= Rs. 9.80
Profit and Loss
18. Answer – B. Rs. 23

Explanation:
Total profit required = Rs.(50 x 20) = Rs. 1000
Profit on 40 packets = Rs. (500 + 270) = Rs. 770
Profit on 10 packets = Rs. (1000 – 770) = Rs. 230
Average profit on remaining packets = Rs.(230/10) = Rs. 23
19. Answer – C. 13.33%
Explanation:
C.P of 30 pairs = Rs. (30 x 500) = Rs. 15000
C.P of 20 pairs = Rs. (20 x 500) = Rs. 10000
C.P of 10 pairs = Rs. (10 x 500) = Rs. 5000
Total S.P = Rs. (110/100 x 10000 + 120/100 x 5000) = Rs. 11000+6000
= 17000
∴ Profit % = (2000/15000 x 100) =13.33%
20. Answer – B. gain of 5%

Explanation:
C.P of Cotton = Rs. 8000
∴ Total S.P = [(8000x3/4) x 110/100] + [(8000x1/4) x 90/100]
= (60 x 110) + (20 x 90)
= 6600+1800
= 8400
Profit % = (400/8000 x 100) = 5%

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*** IMPORTANT FORMULAE

6. Selling Price: (S.P.)

Q.11) A shopkeeper purchased an article and sold it for a profit of

Q.13) What should be the ratio of the selling prices, if a shopkeeper

Answer – A. 0.09% loss

Answer – B. Rs. 1100

Q.20) Mohan purchased 4 cycles worth Rs.1000 each. He sold 3 of the

Q.5) A shopkeeper offered two successive discounts on an article with

Q.8) Suresh bought a Diary and a Notebook, he got a discount of 30% on

Q.9) A shopkeeper has advertised to give 20% discount on all items in

Q.12) A shopkeeper sold an article at a loss of 5%, if he would have

Q.13) What should be the ratio of the selling prices, if a shopkeeper

10. Answer – C. Rs 500

11. Answer – C. Rs. 2000

12. Answer – B. Rs. 1200

13. Answer – B. 27:26

14. Answer – B. 0.25% loss

15. Answer – A. 14.28 %

16. Answer – B. Loss of Rs. 833.33

17. Answer – B Rs. 9.80

18. Answer – B. Rs. 23

20. Answer – B. gain of 5%

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