Understanding Profit and Loss
Trending Questions
A man buys a book for Rs 400 and sells it for Rs 350. Find its loss%
12.5%
10%
17%
15%
Question 13
Latika bought a teapot for Rs 120 and a set of cups for Rs 400. She sold teapot at a profit of 5% and cups at a loss of 5%. The amount received by her is
(a) Rs 494
(b) Rs 546
(c) Rs 506
(d) Rs 534
- 100 %
- 50 %
- 75 %
.
A motorbike was sold by a showroom for Rs. 80, 000. The owner then sold this bike at Rs. 60, 000. Find the percentage of profit or loss.
25%
30%
35%
20%
Question 43
In questions 24 to 59, fill in the blanks to make the statements true.
Aahuti purchased a house for Rs. 5059700 and spent Rs. 40300 on its repairing. To make a profit of 5 %, she should sell the house for Rs.
- Drawings A/c Dr. 15, 000
To Suspense A/c 15, 000 - Trade Expenses A/c Dr. 15, 000
To P & L Adj. A/c 15, 000 - Trade Expenses A/c Dr. 15, 000
To Suspense A/c 15, 000 - Drawings A/c Dr. 15, 000
To Trade Expenses A/c 15, 000
Match each of the entries in Column I with the appropriate entries in Column II.
Column I Column IIProfit % when CP = Rs.50 and SP = Rs.60 J. 6623%
(i) Upto Rs.2, 50, 000 Income Tax Nil
(ii) From Rs.2, 50, 001 to RS.5, 00, 000 10% of income exceeding Rs.2, 50, 00
(iii) From Rs.5, 00, 001 to Rs.10, 00, 000 Rs.25, 000+20% of increase exceeding Rs.5, 00, 000
In addition to it 3% educational cess is charged on payable Income Tax.
The price of soap is collectively decided by five factors : Research, raw materials, labour, advertisement and transportation. Assume that the financial relationship is : Price of soap = (k X Research costs X Raw materials costs X Labour costs X Advertising cost X Transportation cost)
If there are respective changes of 10%, 20%, -20%, 25%, and 50% in the 5 factors, then find the change in the price of the soap.
90%
100%
80%
98%
then, the gap between ac and ar
and the gap between mc and mr
- Profit
- Loss
- Selling price
- Cost price
- S.P - C.P
- C.P - S.P
- Profit + C.P
- Loss + S.P
[3 Marks]
A man buys a book for Rs 400 and sells it for Rs 350. Find its loss%
10%
17%
15%
12.5%
A man sells a toy at 10% loss. If his CP is Rs. 100, find his SP.
Rs. 110
Rs. 90
Rs. 19
Rs. 190
- S.P.− C.P.
- C.P. − S.P.
- ProfitC.P.×100
- Profit% +100100×C.P.