Profit and Loss

IMPORTANT

Profit and Loss: Overview

This topic covers concepts, such as, Profit and Loss as Per Cent, Prices Related to Sale of an Item, Profit and Loss on Sale of an Item & Finding Profit and Loss Given as Percentage etc.

Important Questions on Profit and Loss

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Find selling price (SP) if a profit of 5% is made on a fan bought for 560 and expenses of 40 made on its repairs.

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Find selling price (SP) if a profit of 5% is made on a lawn mower bought at 1150 with 50 as transportation charges.

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Find selling price (SP in ) if a profit of 5% is made on a cycle of 700 with 50 as overhead charges

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A man sold an article for 780 at a loss of 30. Find the cost price of the article.

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The cost of 5 almirahs is 10285. One day the shopkeeper sold 2 almirahs to Rohit. How much did Rohit pay for the almirahs?

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A shopkeeper bought a bicycle for1990, and sold it at a profit of 20%. What will be the selling price of it?

Write only numerical value.

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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 ₹_____.

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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 ₹_____.

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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 ₹_____.

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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 ₹_____.

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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 ₹_____.

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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 ₹_____.

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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 ₹_____.

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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?

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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?

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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 ₹_____.

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A shopkeeper sells 15 pencil boxes for ₹375 and profits 25%. The number of pencil boxes he could have bought for ₹200 is _____.

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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 _____%.

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A mobile phone is sold for ₹6360 at a profit of 6%. If it was sold at ₹7800, the profit % would have been _____%.

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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 _____ %.