7 Questions
Aman earned a profit of $33 \frac{1}{3}%$ by selling an article for Rs. 1414. How much should he increase the selling price to make a profit of $50%$?
Rs. 204
If Rahul wanted to make a profit of $35%, how much should he sell the bike for?
Rs. 21,000
If an article is sold for Rs. 425.25 at a loss of $5.5%$, what would be the profit percentage if the same article is sold for Rs. 465.75?
$3.5%
If a watch is sold for Rs. 400 less than the actual selling price but results in a loss of $15%$, what would be the selling price to gain $10%$ profit?
Rs. 2200
Shiva gains $20%$ by selling a chair for Rs. 840 and $12%$ by selling a table for Rs. 980. What is the least price she must sell the table for to avoid any loss overall?
Rs. 755
If a man sells an article at $90%$ of its original selling price and earns a profit of $16%, what was his loss percentage when he sold it at $75%$ of its original selling price?
$32.5%
If one-third of goods are sold at a $15%$ profit, one-fourth are sold at a $20%$ profit, and the rest at a $12%$ loss, resulting in a total profit of Rs. 135, what is the value of the goods?
Rs. 2900
Study Notes
Profit and Loss
- Rahul sold a bike for Rs. 16384 and made a profit of 2 14/7 %.
- To make a profit of 30%, he has to sell the bike for Rs. 20640.
Profit Calculation
- Aman earned a profit of 2 16/3 % by selling an article for Rs. 1414.
- To get a 1 33/3 % profit, he needs to increase the selling price by Rs. 202.
Selling Price and Profit
- A watch sold at a 5% gain, but if it was sold for Rs. 400 less, there would be a 15% loss.
- To gain a 10% profit, the selling price of the watch would be Rs. 2100.
Loss and Profit Percentage
- By selling an article for Rs. 425.25, there is a loss of 5.5%.
- If the same article is sold for Rs. 465.75, the profit percentage is 3.5%.
Selling Price and Profit on Two Items
- Shiva would gain 20% by selling a chair for Rs. 840 and would gain 12% by selling a table for Rs. 980.
- To avoid any loss on both, she must sell the table for at least Rs. 750.
Selling Price and Loss Percentage
- By selling an article at 7/12 of its selling price, a man loses 16%.
- If he sells it at 90% of its original selling price, the profit percentage is 26.4%.
Total Profit on Goods
- One third of goods are sold at a 15% profit, 25% of the goods are sold at a 20% profit, and the rest at a 12% loss.
- If a total profit of Rs. 135 is earned on the whole transaction, the value of the goods is Rs. 2700.
Test your knowledge on profit and loss calculations with these quizzes. Solve problems related to selling price, profit percentage, and determining the selling price for a desired profit percentage.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
