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Profit and Loss - Google Docs

The document explains the concepts of profit and loss, including definitions of cost price (C.P), selling price (S.P), profit, and loss, along with formulas for calculating gain, loss, and percentages. It provides several example problems with solutions to illustrate how to calculate profit percentages and selling prices based on given cost prices and profit or loss percentages. Additionally, it includes homework problems for further practice on these concepts.

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2 views

Profit and Loss - Google Docs

The document explains the concepts of profit and loss, including definitions of cost price (C.P), selling price (S.P), profit, and loss, along with formulas for calculating gain, loss, and percentages. It provides several example problems with solutions to illustrate how to calculate profit percentages and selling prices based on given cost prices and profit or loss percentages. Additionally, it includes homework problems for further practice on these concepts.

Uploaded by

sivatechmedia7
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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‭Profit and Loss‬

‭Cost Price:‬‭The Price at which an article is purchased,‬‭is called its cost price(C.P).‬

‭Selling Price:‬‭The Price at which an article is sold‬‭called its selling price(S.P).‬

‭Profit or Gain:‬‭If S.P is greater than C.P the seller‬‭is said to have a profit or gain.‬

‭Loss:‬‭If S.P is less than C.P the seller is said to‬‭have incurred a loss.‬

‭Formula :‬

‭ .‬ G
1 ‭ ain = (S.P) - (C.P)‬
‭2.‬ ‭Loss = (C.P) - (S.P)‬
‭3.‬ ‭Gain% = (‬‭Gain x 100‬‭)‬
‭C.P‬
‭4.‬ ‭Loss% =‬‭Loss x 100‬
‭C.P‬
‭5.‬ ‭S.P =‬‭(100 + Profit%)/100 × Cost price‬
‭6.‬ ‭S.P =‬‭(100 - Loss%)/100 × Cost price‬
‭7.‬ ‭C.P = 100/(100+Profit%) x S.P‬
‭8.‬ ‭C.P = 100/(100-Loss%) x S.P‬
‭9.‬ ‭If an article is sold at a gain of say 35% then S.P = 135% of C.P‬
‭10.‬‭If an article is sold at a loss of say 35% then S.P = 65% of C.P‬

‭Problems‬

‭1.‬ ‭A man buys an article for 27.50 and sells it for Rs.28.60 find his gain‬
‭percentage.‬
‭Ans‬‭:‬
‭C.P = Rs.27.50,‬ ‭S.P = 28.60‬

‭So gain = Rs.(28.60 - 27.50) = Rs.1.10‬

‭∴ Gain% = (1.10/27.50 x 100)% => 0.04 x 100 =>‬‭4%‬

‭2.‬ ‭Find S.P when i) C.P = Rs.56.25, Gain or Profit = 20% ii) C.P =‬
‭Rs.80.40, Loss = 15%‬
‭Ans‬‭:‬

‭i) S.P = 120% of Rs.56‬


‭S.P = (120/100) x 56.25‬
‭=1.2 x 56.25‬
‭=Rs.67.5‬

‭ii) S.P = 85% of Rs.80.40‬


‭=(85/100) x 80.40‬
‭=0.80 x 80.40‬
‭68.34‬

‭3.‬ ‭A book was sold for Rs.27.50 with a profit of 10%. If it were sold for‬
‭ s.25.75, then what would have been the percentage of Profit or Loss‬
R
‭?‬
‭Ans:‬
‭ .P = Rs.27.50, Profit = 10%‬
S
‭So, C.P = (100/100+Gain%) S.P‬
‭C.P = (100/100+10) 27.50‬
‭C.P = (100/110) 27.50‬
‭C.P = 25‬
‭When, S.P = Rs.25.75,‬
‭Profit = S.P - C.P => 25.75 - 25 => Rs.0.75‬
‭Profit% = (Profit x 100) / C.P‬
‭= (0.75 x 100) / 25 => 75 / 25 => 3%‬
‭∴ The percentage of the profit is 3.‬

‭4.‬ ‭A vendor bought bananas at 6 for Rs.10 and sold them at 4 for Rs.6.‬
‭Find his gain or loss percentage.‬
‭Ans‬‭:‬
‭ o find the gain or loss percentage, we need to calculate‬‭the cost price (CP) and‬
T
‭selling price (SP) for a common quantity,‬

‭The L.C.M of 6 and 4 is 12.‬

‭ ost Price (CP) for 12 bananas:‬


C
‭6 bananas = Rs. 10‬
‭12 bananas = Rs. 10 x 2 = Rs. 20‬

‭ elling Price (SP) for 12 bananas:‬


S
‭4 bananas = Rs. 6‬
‭12 bananas = Rs. 6 x 3 = Rs. 18‬

‭Since SP (Rs. 18) is less than CP (Rs. 20), there's a loss.‬

‭Loss = CP - SP = Rs. 20 - Rs. 18 = Rs. 2‬

‭Loss Percentage = (Loss / CP) x 100 = (2 / 20) x 100 = 10%‬

‭So, the vendor incurred a 10% loss.‬

‭5.‬ ‭A man gains 20% by selling an article for a certain Price, If he sells it‬
‭at double the price, the percentage of profit will be:‬
‭Ans:‬
‭Let C.P = Rs. X then,‬
‭S.P = Rs. (120% of X) = Rs.6X / 5‬
‭After sell it for double the Selling Price will be,‬
‭S.P = Rs. 2(6X / 5) => 12X / 5‬

‭Profit = S.P - C.P => (12X / 5) - X‬


‭=> 7X / 5‬
‭Profit% = (Profit x 100) / C.P‬
‭= (7X / 5 x 100) / X‬
‭∴ The percentage of the profit is 140%.‬

‭Homework :‬

‭1.‬ R
‭ ohan buys a pair of shoes for Rs. 800 and sells them for Rs. 1,000.‬
‭Find his profit percentage.‬

‭ ) 20%‬
A
‭B) 25%‬
‭C) 30%‬
‭D) 35%‬

‭2.‬ 4
‭ . A vendor buys oranges at Rs. 10 per dozen and sells them at Rs.‬
‭15 per dozen. If he buys 50 dozen oranges, find his profit percentage.‬
‭A) 20%‬
‭ ) 25%‬
B
‭C) 30%‬
‭D) 50%‬

‭3.‬ A
‭ vendor buys 20 kg of apples at Rs. 50 per kg and sells them at Rs.‬
‭40 per kg. Find his loss percentage.‬

‭ ) 10%‬
A
‭B) 15%‬
‭C) 20%‬
‭D) 25%‬

‭4.‬ A
‭ store owner buys 300 kg of wheat at Rs. 20 per kg and 200 kg of‬
‭rice at Rs. 30 per kg. He sells the wheat at a 10% profit and the rice at‬
‭a 15% profit. Calculate his overall profit percentage.‬

‭ ) 10%‬
A
‭B) 12%‬
‭C) 12.5%‬
‭D) 13%‬

‭5.‬ A
‭ trader buys 250 kg of sugar at Rs. 35 per kg and sells 2/3 of it at a‬
‭12% profit. However, he sells the remaining 1/3 at a 10% loss.‬
‭Calculate his overall profit or loss percentage.‬

‭ ) 5% profit‬
A
‭B) 6% profit‬
‭C) 7% profit‬
‭D) 5% loss‬

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