Profit and Loss

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# Profit and Loss

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A shopkeeper buys an article at ` 12000 and spends 10% of cost price as a transport. He marked price 20% above the price at which he buy and sells at mark marked price, find his profit percent.

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If cost price of 11 pens is same as marked price of 9 pens. What is the profit percentage if it is same as the discount percentage offered?

correct ans:10%

Let the cost price of 1 pen be Rs 1.

CP of 11 pens = MP of 9 pens = Rs. 11

CP  of 9 pens = Rs 9.

if profit is p% then ,

9 x ( 100 + p)/100 = 11 x ( 100 - p)/

Solving this we get p = 10.

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Vinayak bought a ticket for the grand finale of the ‘Bull fighting’ challenge in Valencia, Spain. Unfortunately, he had to change his plans and decided to sell his ticket. He expected a lot of demand for the ticket but had to sell it for 1/2 of what he had initially quoted. This reduced his profits by 60%. His profit margin, in %, must have been

25

75

66.66

Let the price of the the ticket be X.

Quoted price : 2Y

Profit on quoted price : 2Y - X

Profit on 1/2 of quoted price : Y - X

40% of ( 2Y - X) = Y - X.

X/Y = 1/3

Profit Margin : 100 x ( 3-1)/2 = 66.66%

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Sir is it wrong?

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Roma sells 60 identical toys at a discount of 40% on printed price. Then she makes 20%profit. Ten of these toys are destroyesd. While selling tje rest , how much discount should be given on the printed price so that she can make the same amount on profit?

A 30

B 23

C 24

D 28

Let mp of 60 articles be 60 RS.

Discounted price = 60*(100-40)/100 =36rs

On selling at 36 RS he gains 20% so we have to maintain same price

Now 10 articles are destroyed so mp of 50 articles is 50 RS.

And we have to sell at 36 RS so discount = 14 RS

% discount = (14/50)*100 = 28%

Hence option D

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If an article is sold for rs. X then there is a loss of 15%. And if the article is sold for rs. Y then there is a profit of 15%. What is the ratio of y-x/y+x ?

assume the cost of article  = C

15% loss = .85c =x

15% profit = 1.15c= y

now

(y-x)/(y+x)   = (1.15-0.85)/(0.85+1.15) = 0.3/2 = 3/20

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Mark  bought 45 grinders for Rs. 2215, while carrying he incurred transporting cost of Rs 2190. Again, Rs. 2760 were spend on packing these grinders into boxes. Find SP of each piece to make profit of 20%.
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