Advertisements
Advertisements
Question
Using the figures given below, frame problems based on profit percent or loss percent.
Cost price of 50 Kg grain ₹ 2000, selling price ₹ 43 per kg.
Advertisements
Solution
Problem: Amit bought 50 kg of rice for Rs 2000. Later, he sold them all at the rate of Rs 43 per kg. Did he make a profit or a loss? What was its percentage?
Cost price of 50 kg of rice = ₹ 2000
Selling price of 1 kg of rice = ₹ 43
∴ Selling price of 50 kg of rice = 50 × 43 = ₹ 2150
Since selling price is more than cost price, so there is a profit.
Profit = Selling Price − Cost Price
= 2150 − 2000
= Rs 150
So, Amit made a profit of Rs 150 in this transaction.
Let x % be the Amit's profit, then,
`"x"/100 = "Profit"/"cost price" = 150/2000`
`=> "x"/100 xx 100 = 150/2000 xx 100`
`=> "x" = 15/2 = 7 1/2`
∴ Amit made a profit of `7 1/2%` in this transaction.
RELATED QUESTIONS
I buy a T.V. for ₹ 10,000 and sell it at a profit of 20%. How much money do I get for it?
If the selling price of 18 oranges is equal to the cost price of 16 oranges, find the loss percent.
The difference between two selling prices of a shirt at profits of 4% and 5% is Rs 6. Find
(i) C.P. of the shirt
(ii) the two selling prices of the shirt
A publisher gives 32% discount on the printed price of a book to booksellers. What does a bookseller pay for a book whose printed price is Rs 275?
Find the unknowns x, y and z.
| Name of the item | Marked Price | Selling Price | Discount |
| Digital clock | ₹ 750 | ₹ 615 | z |
Gopi sold a laptop at 12% gain. If it had been sold for ₹ 1200 more, the gain would have been 20%. Find the cost price of the laptop
Latika bought a teapot for Rs 120 and a set of cups for Rs 400. She sold teapot at a profit of 5% and cups at a loss of 5%. The amount received by her is ______.
The marked price of an article when it is sold for Rs 880 after a discount of 12% is ______.
At a toy shop price of all the toys is reduced to 66% of the original price.
- What is the sale price of a toy that originally costs Rs 90?
- How much money would you save on a toy costing Rs 90?
A store is having a 25% discount sale. Sheela has a Rs 50 gift voucher and wants to use it to buy a board game marked for Rs 320. She is not sure how to calculate the concession she will get. The sales clerk has suggested two ways to calculate the amount payable.
- Method 1: Subtract Rs 50 from the price and take 25% off the resulting price.
- Method 2: Take 25% off the original price and then subtract Rs 50.
For each method, calculate the amount Sheela would have to pay. Show your work.
