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
A dealer buys a wristwatch for Rs 225 and spends Rs 15 on its repairs. If he sells the same for Rs 300, find his profit percent.
Loss or gain percentage is always calculated on the ________
If a mattress is marked for ₹ 7500 and is available at two successive discount of 10% and 20%, find the amount to be paid by the customer
Jhansi - I found that for 6000 kg fish we would need 1500 kg salt every month! Its price is Rs 2 per kg.
Monthly costs:
a) Salt 1500 x 2 = Rs ______
b) Packing and bus charges = Rs 3000
So the total monthly cost of drying and selling the fish = Rs ______
Fazila - That sounds very good! Our calculations tell us that every month our Bank will earn Rs 44,000!
Check to see if you also get the same answer.
Avinash bought an electric iron for Rs 900 and sold it at a gain of 10%. He sold another electric iron at 5% loss which was bought Rs 1200. On the transaction he has a ______.
If 90% of x is 315 km, then the value of x is ______.
John sells a bat for ₹ 75 and suffers a loss of ₹ 8. The cost price of the bat is ______.
If a chair is bought for ₹ 2000 and is sold at a gain of 10%, then selling price of the chair is ₹ 2010.
The cost of a flower vase got increased by 12%. If the current cost is ₹ 896, what was its original cost?
Harish bought a gas-chullah for ₹ 900 and later sold it to Archana at a profit of 5 per cent. Archana used it for a period of two years and later sold it to Babita at a loss of 20 per cent. For how much did Babita get it?
