Prices Related to an Item

Q.

The cost price of 20 articles is the same as the selling price of x articles.The value of x is (given profit =20%).

Q.

A bicycle is purchased for Rs. 1800 and is sold at a profit of 12 %. Its selling price is

(a) Rs. 1584
(b) Rs. 2016
(c) Rs. 1788
(d) Rs. 1812

Q.

Tell what is the profit or loss in the following transactions. Also, find the profit percent or loss percent in each case.

A refrigerator was bought for $Rs.12,000$ and sold at $Rs.13,500$

Q.

Question 1 (d)
Tell what is the profit or loss in the following transactions. Also find the profit percent or loss percent in each case.
d) A skirt bought for Rs 250 and sold at Rs 150.

Q.

A farmer bought a buffalo for $Rs.44000$ and a cow for $Rs.18000.$ He sold the buffalo at a loss of $5\%$ but made a profit of $10\%$ on the cow. The net result of the transaction is

(a) loss of $Rs.200$
(b) profit of $Rs.400$
(c) loss of $Rs.400$
(d) profit of $Rs.200$

Q.

Question 109

By selling a chair for ₹ 1440, a shopkeeper loses 10 %. At what price, did he buy it ?

Q.

A sold an article to B at a profit of $2.5\%$. B sold the same article to C at a loss of $10\%$. If C paid $₹9.90$ for it, how much did it cost A?

Q.

Word problem: lf our salary is ₹10, 000 and the expenses are 3/4 of the salary, how much are savings?

Q.

Question 73

In questions 60 to 79, state whether the statements are True or False.
If a chair is bought for ₹ 2000 and is sold at a gain of 10 %, then selling price of the chair is ₹ 2010.

Q. A cement company earns a profit of ₹8 per bag of white cement sold and a loss of ₹5 per bag of grey cement sold. The company sells 3, 000 bags of white cement and 5, 000 bags of grey cement in a month. What is its profit or loss?

1. ₹ 500 profit
2. ₹ 500 loss
3. ₹ 1000 profit
4. ₹ 1000 loss

Q.

If $S.P>C.P$, the difference $S.P-C.P$ is called:

1. Discount.

2. Gain

3. Loss

4. None of these.

Q.

Question 104

In a furniture shop, 24 tables were bought at the rate of Rs. 450 per table. The shopkeeper sold 16 of them at the rate of Rs. 600 per table and the remaining at the rate of 400 per table. Find her gain or loss percent.

Q.

If a store had ₹ 3000 in expenses and ₹ 4100 in revenue this month, what is the profit for the month?

1. ₹ 7100

2. ₹ 4100

3. ₹ 500

4. ₹ 1100

Q.

Ravi purchased an old scooter for ₹ 12000 and spent ₹ 2850 on its overhauling. Then he sold it to his friend for ₹ 13860. How much percent did he gain or lose?
[3 MARKS]

Q.

John bought a plane ticket for $150. How much does John pay overall if tax rate is 10%?

1. $170

2. $160.25

3. $175

4. $165

Q. Mia sold a ring to her friend for ₹7600 which she had bought from an exhibition for ₹9000. What is the cost price of the ring for her friend?

1. ₹1400
2. ₹7600
3. ₹9000
4. ₹6700

Q. The cost of an article is ₹15000 and ₹500 is spent on its repair. If the article is sold at a profit of 20%, then what is the selling price of the article?

1. 18600

Q. A man sold an article for 495 and gained 10% on it. Find the cost price of the article.

Q. Mark (✓) against the correct answer
On selling a pen for Rs 48, a shopkeeper loses 20%. In order to gain 20% what would be the selling price?

(a) Rs 52
(b) Rs 56
(c) Rs 68
(d) Rs 72

Q. Cost price of an item is ₹ 500. VAT charged is 20% of the cost price. The bill to be paid is

1. ₹200
2. ₹650
3. ₹600
4. ₹520

Q.

Ned goes to a gift shop to buy a gift for Ted on his birthday. He chooses a gift, gets it packed and pays ₹ 85, which was all he had. But the shopkeeper said that he would incur a loss of 15% on the overall transaction which includes packing charges for ₹ 10, if he gives away that piece for ₹ 85.

What was the actual price of the gift?

1. 85

2. 90

3. 100

4. 95

Q.

A man sells a dog at a gain of $15\%$. Had he sold it for $₹490$ less, he would have lost $5\%$. Find the cost price of the dog.

Q. Match the following with their respective formula.

1. $S.P.-C.P.$
2. $C.P.-S.P.$
3. $\frac{Profit}{C.P.}\times 100$
4. $\frac{Profit\%+100}{100}\times C.P.$

Q. Mark (✓) against the correct answer
A vendor bought lemons at 6 for a rupee and sold them at 4 for a rupee. His gain % is

(a) 50%
(b) 40%
(c) $33\frac{1}{3}\%$
(d) $16\frac{2}{3}\%$

Q.

Question 42

In questions 24 to 59, fill in the blanks to make the statements true.
Nasim bought a pen for Rs. 60 and sold it for Rs. 54 His ___ % is ___ .

Q. Mark (✓) against the correct answer
On selling an article for Rs 144 a man loses 10%. At what price should he sell it to gain 10%?

(a) Rs 158.40
(b) Rs 172.80
(c) Rs 176
(d) Rs 192

Q. Mr. RK Nair gets Rs.6455 at the end of one year at the rate of 14% per annum in a recurring deposit account. Find the monthly installment.

Q.

Question 41

In questions 24 to 59, fill in the blanks to make the statements true.
Sonal bought a bed sheet for Rs. 400 and sold it for Rs. 440. Her ___ % is ___ %.

Q.

Complete the following table (wherever possible):

Cost price	Selling price	Profit	Loss
	$₨680$	$₨80$

Q.

If the discount is $10\%$, an item sold at ₹ 9 , has a marked price of _______

1. ₹ 11

2. ₹ 10

3. ₹ 8.10

4. ₹ 12