Profit and loss quiz 1

profit and loss formula Loss % = x²/100 = 625/100 = 6.25%

Net loss = x²/100% = 900/100 = 9%

CP = (Difference in SP) ÷ (% Difference in profit) = 600/(5-(-11)) × 100 = (600/16)×100 = Rs3750

Answer:

Step-by-step explanation:

Let cost price;CP of the article = Rs. 100

Profit = 20%

Selling price; SP of the article =

Now profit on selling price is given by



Hence, the profit percent on selling price is 16 2/3%

Let CP= Rs. 100, therefore, MP= Rs. 125, Discount% = 12% SP = 88% of MP = 88% of 125 = Rs. 110. Profit = 110 – 100 = Rs. 10 Profit = 10%.

Let CP = 100. SP = 132. This is after a discount of 12%, thus the marked price must be 132/0.88 = 150. Thus he is marking the product 50% above the cost price. Hence the profit will be 50%.

Explanation:

Let C.P. of each article be Re. 1 C.P. of x articles = Rs x

SP of x articles = Rs. 20.
Profit = Rs (20 - x).

Such question can be better answered by thinking in the reverse order. Let the CP = 100, there is a loss of 12% in the final case i.e. SP = 100 – 12 = Rs 88. Now this Rs. 88 is the four-fifth of the selling price as per the question. The original selling price will be 88 × 5/4 = Rs. 110. CP =100. There is a profit of Rs. 10, which is nothing but 10%, as the CP is taken to be Rs. 100

Old CP = 4000 × (100/125) = 3200