Profit and Loss
Profit and Loss: Overview
This topic contains concepts like Prices Related to Sale of an Item, Purchase Price of an Item, Cost Price (CP) of an Item and Overhead Charges.
Important Questions on Profit and Loss
Find selling price (SP) if a profit of is made on a fan bought for and expenses of made on its repairs.
Find selling price (SP) if a profit of is made on a lawn mower bought at with as transportation charges.
Find selling price (SP in ) if a profit of is made on a cycle of with as overhead charges
A shopkeeper purchases 60 kg of sugar at ₹30 per kg and 40 kg of sugar at ₹25 per kg. He then mixes them and packs the mixture into 1 kg packets. If he makes a profit of 15% on every packet, the price of 1 kg of the mixed sugar is ₹_____.
A person purchased 10 dozen eggs at the rate of ₹48 per dozen. He realised that 12 eggs were broken. If he wants to make a profit of 35%, he should sell each of the remaining unbroken eggs for ₹_____.
A damaged handbag which costs ₹2400 was put on sale at a loss of 5%. On the last day of sale, the price was further slashed by another 5%.The selling price of handbag is ₹_____.
The difference between the two Selling Prices of toasters of the same model, which were sold at a profit of 5% and 6%, is ₹8. The higher Selling Price at which the toaster was sold is ₹_____.
Peter sells a painting at ₹600 and makes a profit of 20%. In order to make a profit of 35%, the price at which the painting should be sold is ₹_____.
Maya buys 25 artificial jewellery sets for ₹20000 and realizes that 5 of them are damaged. She decided to sell each damaged set at $ \frac{1}{3}$rd the price of the good sets. The price at which she should sell the each damaged set if she wants to make a profit of 30% on the whole deal is ₹_____.
Babu sells watches at a profit of 25%. He then uses the money to buy calculators, which he sells at a profit of 20%. If he makes a total profit of ₹2000, the amount of money he initially invested to buy watches is ₹_____.
Vasant bought a mobile phone for ₹12000 and he sold it at a loss of 10%. He then used this money to purchase another mobile phone, which he sold at a profit of 10%. What is his net profit/loss?
During rainy season, a shopkeeper bought umbrellas at cost of ₹180 per piece and earned a profit of 20% of the selling price. At the end of the day, the account showed that the profit made by the shopkeeper by selling these umbrellas is ₹1440. How many umbrellas did the shopkeeper sell?
Ramu made some mistake in the calculation and sold mangoes for ₹125 per kg; he found that he lost $ \frac{1}{6}$th of the money he spent on buying the mangoes. He intended to earn a profit of 20%.To earn a profit of 20%, the price at which he should have sold the mangoes is ₹_____.
A shopkeeper sells 15 pencil boxes for ₹375 and profits 25%. The number of pencil boxes he could have bought for ₹200 is _____.
A shopkeeper buys dry fruits in bulk at ₹3900 for 5 kg. She then packs them in smaller gift boxes of 250 gram and sells them each for ₹225. The cost of the gift box is ₹5. Her profit% per box sold is _____%.
A mobile phone is sold for ₹6360 at a profit of 6%. If it was sold at ₹7800, the profit % would have been _____%.
The Rao family bought a plot of land for ₹360000 in 2005.They constructed a fence to secure it at a cost of ₹57000. In 2009 they sold the land for a net amount of ₹792300, the profit% they made on the land is _____ %.
A shopkeeper realizes that, due to a malfunction, his digital weighing machine has an error wherein 980 gram weight is weighed as 1 kg weight. Due to this malfunction, the shopkeeper will have profit% of_____%.
(Round off to nearest whole number)
A grocer bought sugar worth ₹3000. He sold one third of it at a profit of 12%. To gain a net profit of 15%, he should sell the remaining sugar at a profit% of _____%.
For a school activity, SLV Electrical Works sold 135 m of electrical wire and made a profit equal to the Selling Price (SP) of 22.5 m of electrical wire. The profit percent made by SLV Electrical Works is _____ %.
