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Exercise Ex. 2: A boy buys a pen for Rs 25 and sells it for Rs 20. Find
Given the following values, find the unknown values. his loss per cent.
(i) CP = Rs 500, SP = Rs 600, Profit/Loss = ?
I oss 5
(ii) CP = Rs 1270, SP = Rs 1250, Profit/Loss = ? Soln: % Loss = x 100 = — x 100 = 20%
(iii) CP = ?,SP = Rs 2390, Profit = Rs 120.50
(iv) CP = Rs 72, SP = ? Loss = Rs 15.60 Exercise
2. Fill in the blanks in each of the following 1. Find the gain or loss per cent, i f
(i) CP = Rs 1265, SP = Rs 1253, Loss = Rs (i) CP = Rs 500 and SP = Rs 565
(ii) CP = Rs SP = Rs 450, Profit = Rs 150 (ii) CP = Rs 700 and SP = Rs 630
(iii) CP = Rs 3355, SP = Rs 7355 = Rs 2. If the profit made on a packet of tea is Rs 4 and the cost
(iv) CP = Rs , SP - Rs 2390, Loss = Rs 5.50 price of the packet is Rs 20, then how much is the profit
(v) CP =Rs 6556, SP = Rs 6560, .... = Rs percentage?
3. By selling an article for Rs 96, double profit is obtained a) 20% b)25% c)30% d)15%
than the profit that would have been obtained by selling 3. A box of Alphanso mangoes was purchased by a fruit
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216 P R A C T I C E B O O K ON Q U I C K E R MATHS
seller for Rs 300. However, he had to sell them for Rs 255 Answers
because they began to get over ripe. What was the loss 1. (i) 13% gain (ii) 10% loss
percentage? 2. a 3.a
a) 15% ' b)IO% c)20% d) 18% 4. d; Hint: Total CP = Rs (1200 + 200) = Rs 1400 and SP
4. Harish bought a second-hand typewriter for Rs 1200 = Rsl680
and spent Rs 200 on its repairs. He sold it for Rs 1680. SP > CP, Hence profit and profit %
Find his profit or loss. What was his profit or loss per
cent? 1680-1400
-x 100 = 20%
a) 10% loss b) 15% loss c) 20% loss d) 20% gain 1400
5. Karim bought 150 dozen pencils at Rs 10 a dozen. His 5. d; Hint: Total cost price = 150 * 10 + 100 = Rs 1600
overhead expenses were Rs 100. He sold them at Rs 1.20 Total selling price = 150 x 12 x 1.20 = Rs 2160
each. What was his profit or loss per cent? Profit = Rs 2160 - Rs 1600 = Rs 560
a) 30%profit b) 30% loss c) 35% loss d) 35% profit
6. Venkat purchased 20 dozens of toys at the rate of Rs 375 Profit % = ^ r x 100 = 35%
1600
per dozen. He sold each one of them at the rate of Rs 33.
What was his percentage profit? 6. b; Hint: Cost price of 20 dozens toys = 20 * 375 = Rs 7500
IBSRBChennaiPO, 2000] Selling price of 20 dozens toys = 20 x 33 x 12 = Rs7920
a) 6.5 b)5.6 c)3.5 d)4.5 7920-7500
7. By selling twelve notebooks, the seller earns profit equal Profit percentage = x 100 = 5.6%
to the selling price of two note-books, what is his per-
7. a; Hint: Percentage profit
centage profit? [BSRB Delhi PO, 2000|
= t-=—rXl00 = — xl00 = 20%
a) 20% b)25% c) 1 6 y % d) Data inadequate (12-2) 10
[Also see Rule 81]
8. A loss of 5% was suffered by selling a plot for Rs 4,085.
The cost price ofthe plot was: |RRBExam, 1991] f 100
-Rs4300
8. d; Hint: CP = Rs I x 4 0 8 5
a)Rs4350 b)Rs 4259.25
c)Rs4200 d)Rs4300 100
" Hnx: :P = R s | ~ 1 5 0 j = R 2 0 0 x s
9. The CP of an article which is sold at a loss of 25% for Rs
150, is [RRB Exam, 1991] 10. b; Hint: CP of 10 articles = Rs 8
a)Rsl25 b)Rsl75 c)Rs200 d)Rs225 SP of 10 articles = Rs (1.25 x 10) = Rs 12.50
10. A man buys 10 articles for Rs 8 and sells them at the rate Profit = Rs (12.50 - 8) = Rs 4.50
of Rs 1.25 per article. His gain percent is:
(4.50 ^ 1
|CDS Exam, 1991] Gain%= I ~ ^ x l 0 0 j = 5 6 4 %
Rule 3 Rule 4
If the profit earned by selling an article for Rs x is equal to Theorem: If a reduction of x% in the price of an article
the loss incurred when the same article is soldfor Rsy, then enables a person to buy n kg more for Rs A, then the re-
to make z% profit the sale price of the article should be Rs duced and the original prices per kg of the article are
(x + yXlOO + z ) 1 ' Ax \ Ax
200 per kg and [ ( y ^ ^ per kg respectively.
Illustrative Example
Illustrative Example
Ex.: The profit earned by selling an article for Rs 600 is
Ex.: A reduction of 20% in the price of sugar enables a
equal to the loss incurred when the same article is
person to buy 2 kg more for Rs 30. Find the reduced
sold for Rs 400. What should be the sale price of the
and the original price per kg of sugar.
article for making 25 per cent profit?
Soln: Following the above theorem, we have
Soln: Detail Method: Let the cost price be Rs x.
Now, according to the question, 30x20
the reduced price of sugar =
6 0 0 - x = ;c-400 or,2x=1000 .-. x = Rs500. 100x2
Again, selling price of the article for making 25% profit = Rs 3 per kg and
500x125
30x20 _15
= -w~ = R s 6 2 5
the original price of sugar = ( _2o)2 ~ T
100
218 P R A C T I C E B O O K ON Q U I C K E R MATHS
8. A reduction of 12— per cent in the price of oranges c) Rs 3 — per kg d) Data inadequate
enables one to purchase 15 oranges more for Rs 42. Find 3. A 25% hike in the price of tea forces a person to pur-
the price per orange before and after reduction. chase 2 kg less for Rs 75. Find the original price of the
a)40P,35P b)30P,40P c)45P,35P d)35P,45P tea:
9. If a reduction of 25 per cent were made in the price of a)Rs7 b)Rs8 c)Rs7.5 d)Rs8.5
sweets it would enable a purchaser to obtain 10 more 4. A 12% hike in the price of coffee forces a person to
than before for Rs 7.20. Find the reduced price, and the purchase 2 kg less for Rs 56. Find the original price of
present price. the coffee.
a)18P,25P b)25P,30P a)Rs2 b)Rs2.5 c)Rs3.5 d)Rs3
c)l8P,24P d) None of these
10. A reduction of 40 per cent in the price of bananas would Answers
enable a purchaser to obtain 60 more for Rs 45. What is l.a 2.b 3.c 4.d
the reduced price? Rule 6
a)50P b)40P c)60P d)30P Theorem: If a man purchases 'x' items for Rs 'y' and sells
Answers 'y' items for Rs 'x', then the profit or loss [depending upon
l.b 2.a 3.b 4.b 5.a 6.b 7.c the respective (+ve) or (~ve) sign in thefinal result} made by
8. a 9c 10. d
2 2
Rule 5 him is x -y xlOO %
y
Theorem: If a hike ofx% in the price of an article forces a
person to buy n kg less, then the new and the original prices Illustrative Example
Ex.: I f a man purchases 11 oranges for Rs 10 and sells 10
Ax
per kg of the article are per kg and oranges for Rs 11. How much profit or loss does he
100K make?
Soln: Detailed Method: Suppose that the person bought 11
Ax
per kg respectively. x 10= 110 oranges.
{\Q0 + x)n
C P o f l 10 oranges = y y x l l ° =Rs 100
Illustrative Example
Ex.: A 10% hike in the price of rice forces a person to
SP of 110 oranges = J ^ x l l ° =Rs 121
purchase 2 kg less for Rs 110. Find the new and the
original prices of the rice. .-. Profit = R s l 2 1 - R s l 0 0 = Rs21
Soln: Applying the above formula, we have
and % profit = y ^ - x 100 = ^ x 100 = 21%
10x110 1
the new price = = Rs 5 — per kg and
IUU x z. 2. Quicker Method: Applying the above formula, we
have,
10x110
the original price : = Rs 5 per kg
110x2 x 100 = 21%.
^10^
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Profit and Loss 219
a) *—- /o loss a) 10% loss b) 12% profit c) 12% loss d) 15% profit
16
b) — % profit
Answers
0/
3 7 5
Lb 2. a 3.c 4.b
c) ~rr loss
16 375
d) T 7 - Profit
%
A grocer buys eggs at 10 for Rs 816and sells at 8 for Rs 10. Rule 8
Find his gain or loss per cent. Problems Based on Dishonest Dealer
1 3 Error
a) gain per cent of 56— b) gain per cent of 56— -xlOO
% gain =
True value - Error
have, 6
Quicker Method: Applying the above Rule, we have
a = d = x and b = c = y.
Illustrative Example 40 1
A boy buys 9 oranges for Rs 16 and sells them at 11 the required gain % = 1 Q 0 Q _ 4 0 x 1 0 0 = 4 T%
220 P R A C T I C E B O O K ON Q U I C K E R MATHS
c) 7 ^ % d) Data inadequate
; 23 a) 3 6 y % b) 4 6 i | % C ) 461% d) 3 6 j %
A dishonest fruit vendor professes to sell his goods at 3. A grocer sells rice at a profit of 20% and uses a weight
cost price but he uses a weight of950 g for the kg weight. which is 20% less. Find his total percentage gain.
Find his gain per cent. a) 25% b)50% c)75% d)45%
4. A grocer sells rice at a profit of 25% and uses a weight
a) 5*3-% b) 5—% which is 25% less. Find his total percentage gain.
19 } 19
1 3 2
a) 66% b) 66-% C ) 66-% d) 6 6 - %
c) 5—% d) Data inadequate
19 5. A grocer sells rice at a profit of 20% and uses a weight
4. A dishonest fruit vendor professes to sell his goods at which is 25% less. Find his total percentage gain,
cost price but he uses a weight of 800 g for the kg weight. a) 50% b)55% c)60% d)65%
Find his gain per cent.
Answers
a) 20% b)40% c)25% d)50%
l.a 2.c 3.b 4.d 5c
5. A cloth dealer professes to sell bedsheet at cost price,
but uses a metre having a length of 80 cm only and Rule 10
charges for the metre. Find his gain per cent. Theorem: If the shopkeeper sells his goods at x% loss on
a) 25% b)20% c) 16% d)30% cost price but usesygm instead of z gm, then his % profit or
Answers
l.b 2. a 3. a 4.c 5. a loss is [l 00 - x]— -100 according as the sign is +ve or - -MB
y
Rule 9
Illustrative Example
% profit + % less in wt 1
Total percentage profit = x 100 Ex.: A dishonest dealer sells goods at 6—% loss on c
1 0 0 - % less in wt
4
Illustrative Example price but uses 14 gm instead of 16 gm. What is hs
Ex.: A grocer sells rice at a profit of 10% and uses a weight percentage profit or loss?
which is 20% less. Find his total percentage gain. Soln: Detail Method: Suppose the cost price is Rs x per
Soln: Detail method: 25^
Suppose he bought at Rs x/kg. 100- —
4_
Then he sells the goods for Rs x
'110*' 100
80
Then he sells at Rs
100 p e r Too k g
11.
a) 11—% gain b) *k% gain c) Jj-
5 /o gam d) 5—% gain
222 P R A C T I C E B O O K ON Q U I C K E R MATHS
v CP of 840 gm = - — - x 840 = Rs 84
1000
Rule 13 V /
label price? of 5 per cent and the shopkeeper makes a profit of 12 per
a)34.75% b)43.25% c)43.75% d)34.25% cent by selling itforRs 141.12. Find the cost of the manu-
4. I f a dealer wants to earn 20% profit on an article after facturer.
offering 25% discount to the customer, by what percent- a)Rs 100.50 b)Rsl00 c)Rsl50 d)Rs 142.51
age should he increase his marked price to arrive at the 4. A sells a good to B at a profit of 10% and B sells it to C
label price? at a profit of 15%. If C pays Rs 1265 for it, what was the
a) 60% b)50% c)45% d)55% cost price for A?
5. I f a dealer wants to earn 15% profit on an article after a)Rsll00 b)Rs950 c)Rsl000 d)Rsl250
offering 25% discount to the customer, by what percent- 5. A sells a good to B at a profit of 15% and B sells it to C
age should he increase his marked price to arrive at the at a profit of 20% . If C pays Rs 690 for it, what was the
label price? cost price for A?
a)Rs600 b)Rs500 c)Rs630 d)Rs580
a) 53% b) 5 3 - % J5±% d) 5 3 1 %
Answers
l.c
Answers
750x100x100x100
l.b 2.b 3.c 4. a 5.d 2. a; Hint: Required answer = Rs384
125x125x125
Rule 14 3. b 4.c 5.b
224 P R A C T I C E B O O K ON Q U I C K E R MATHS
c) 9.25% gain d) 10.25% gain for Rs 15 more, 17% would have been gained. Find the
2. A sells a bicycle to B at a profit of 10% and B sells it to C cost price.
at a loss of 20%. Find the resultant profit or loss. a)Rs550 b)Rs650 c)Rs600 d)Rs500
a) 12% loss b) 12% gain c) 22% loss d) 22% gain 4. I sold a book at a profit of 5%. Had I sold it for Rs 17
3. A sells a bicycle to B at a profit of 20% and B sells it to C more, 15% would have been gained. Find the cost price.
at a loss of 15%. Find the resultant profit or loss. a)Rs85 b)Rsl70 c)Rsl50 d)Rsl80
a) 2% loss b) 2% gain c) 8% gain d) 8% loss
Answers
4. A sells a bicycle to B at a profit of 15% and B sells it to C
La 2.b 3.d 4.b
at a loss of 10%. Find the resultant profit or loss.
a) 3.5%gain b) 3.5% loss c) 2.5% gain d) 4.5% gain Rule 20
5. A sells a bicycle to B at a profit of 20% and B sells it to C Theorem: If a person sells a goods at a loss of x%. Had he
at a loss of 5%. Find the resultant profit or loss. been able to sell it at a gain ofy%, it would havefetched Rs
a) 15% gain b) 14% gain c) 16% gain d) 13% gain X more than it did, then the cost price is given by Rs
Answers
l.c 2. a 3.b 4. a 5.b -xlOO
x+ y
Rule 19
Theorem: If a person sells a goods at a profit ofx%. Had he Illustrative Example
sold itfor Rs X more, y % would have been gained. Then the Ex.: A man sold a horse at a loss of 7%. Had he been able
to sell it at a gain of 9%, it would have fetched Rs 64
more than it did. What was the cost price?
cost price is given by Rs -xlOO . In other words, cost
Soln: Detail Method:
Here 109 % of cost - 93% of cost = Rs 64
More gain .-. 16%ofcost = Rs64
price - Difference in percentage profit-xlOO
64x100
.-. cost= —rz— =Rs400.
16
Illustrative Example
Ex: I sold a book at a profit of 12%. Had I sold it for Rs 18 Quicker Method: Applying the above rule, we have
more, 18% would have been gained. Find the cost 64x100 64x100
price. the cost price = ^ ^
+ Rs 400
16
Soln: Detailed Method: Here,
118% of cost -112% of cost = Rs 18 Exercise
.-. 6%ofcost = Rs 18 1. A chair was sold at a loss of 10 per cent. I f it was sold for
Rs 84 more, there would have been a gain of 4 per cent.
18x100
.-. cost= — =Rs300. For how much was the chair sold?
6 a)Rs600 b)Rs640 c)Rs540 d)Rs500
Quicker Method: Following the above formula, we 2. A man sells a machine at 10% below cost price. Had he
have received Rs 1494 more than he did, he would have made
18x100 1
cost = . „ = Rs300. a profit of 12—%. What did the machine cost?
18-12
a)Rs6640 b)Rs6650 c)Rs6460 d) Rs 6440
Exercise 3. A man had a table to sell. I offered him a sum of money
1 for the table which he refused as being 13% below the
1. A man sold a table at a profit at 6— per cent. Had he value of the table. I then offered Rs 450 more and the
second offer was 5% more than the estimated value.
sold it for Rs 1250 more, 19 per cent would have been
Find the value of the table.
gained. Find the cost price.
a)Rs2250 b)Rs2750 c)Rs2400 d)Rs2500
a) Rs 10000 b)RslOO0
4. I sold a book at a loss of 8% . Had I sold it for Rs 120
c) Rs 100000 d) Can't be determined
more, 7% would have been gained. Find the cost price.
2 I sold a pen at a profit of 15%. Had I sold it for Rs 24
a)Rs900 b)Rs800 c)Rs600 d)Rs750
more, 21% would have been gained. Find the cost price.
5. I sold a book at a loss of 5%. Had I sold it for Rs 72 more,
a)Rs300 b)Rs400 c)Rs450 d)Rs600
13% would have been gained. Find the cost price.
I A person sold a chair at a profit of 14%. Had he sold it
a)Rs450 b)Rs500 c)Rs300 d)Rs400
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226 P R A C T I C E B O O K ON Q U I C K E R MATHS
Illustrative Example
If the difference is Rs 3, the CP = y j ^ x J = Rs 120.
Ex.: A sells a good to B at a loss of 20% and B sells it to C
at a loss of 25%. Find the resultant loss per cent. Quicker Method: Applying the above formula, we
Soln: Applying the above formula, we have, the have
made profit of 20%. Find the cost price of the article. price of the article.
a)Rs4000 b)Rs8000 c)Rs4500 d)Rs7500 a)Rs850 b)Rs950 c)Rs900 d)Rs800
Answers 4. A person bought an article and sold it at a loss of 15%.
I f he had bought it for 5% less and sold it for Rs 87 more
l.c 2. a
he would have had profit of 20%. Find the cost price of
60 the article.
3. d; Hint: Required answer = xlOO
20x50 a)Rs200 b)Rs400 c)Rs350 d)Rs300
5 0 - 20 + 20 + 5. A person bought an article and sold it at a loss of 15%.
100
If he had bought it for 20% less and sold it for Rs 114
60 more he would have had profit of 30%. Find the cost
x 100 = Can't be determined
50-50 price of the article.
60 a)Rs600 b)Rs500 c)Rs700 d)Rs650
- = — = not defined 6. A person bought an article and sold it at a loss of 10%.
50-50 0
If he had bought it for 20% less and sold it for Rs 55
4. a 5.b 6. a
more, he would have had a profit of 40%. The CP of the
Rule 23 1 article is: [Central Excise & I Tax, 1988|
Theorem: A person bought an article and sold it at a loss of a)Rs200 b)Rs225
x%. If he had bought itfory% less and sold itfor RsXmore c) Rs 250 d) None of these
he would have had a profit of z%, then the cost price of the Answers
V —'—~- ~ V La 2.b 3.c 4.d 5.a 6.c
X
xlOO Rule 24
article is Rs zy_
z+ x-y- Theorem: A man buys an article and sells it at a profit of
100 x%. If he had bought it aty% less and sold it for Rs X less,
Illustrative Example he would have gained z%, then the cost price is Rs
Ex.: A person bought an article and sold it at a loss of
10%. If he hacfbought it for 20% less and sold it for
X
Rs 55 more he would have had profit of 40%. Find the xlOO
cost price of the article. zy
x + y-z + ^—
Soln: Following the above theorem, we have 100
cost price Ilustrative Example
Ex.: A man sells an article at a profit of 20%. If he bought
it at 20% less and sold it for Rs 75 less, he would have
55 gained 25%. What is the cost price?
x l 0 0 = —xlOO
40x20 22 Soln: Following the above theorem, we have
40+ 10-20- Cost price
100
75
= Rs250. xl00 = —xlOO
25x20^1 20
Exercise 20+ 2 0 - 2 5 +
100
1. A person bought an article and sold it at a loss of 5%. I f
he had bought it for 10% less and sold it for Rs 78 more = Rs375.
he would have had profit of 20%. Find the cost price of Exercise
the article. 1. A man sells out an article at a profit of 25%. Had he
a) 600 b)Rs500 c)Rs650 d)Rs550 bought it at 25% less and sold it for Rs 25 less, he would
1 A person bought an article and sold it at a loss of 10%. have still gained 25%. Find the cost price.
If he had bought it for 15% less and sold it for Rs 58 more a)Rs90 b)Rs80 c)Rs70 d)Rs60
he would have had profit of 40%. Find the cost price of
2. A man sells an article at a gain of 15%. If he had bought
the article.
it at 10% less and sold it for Rs 4 less, he would have
a)Rs300 b)Rs200 c)Rsl50 d)Rs250 gained 25%. Find the cost price.
3. A person bought an article and sold it at a loss of 10%. a)Rsl60 b)Rs260 d)Rs610 d)Rsl80
If he had bought it for 20% less and sold it for Rs 270 3. A man sells an article at a profit of 10%. If he bought it at
more he would have had profit of 50%. Find the cost 10% less and sold it for Rs 110 less, he would ha\
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228 P R A C T I C E B O O K ON Q U I C K E R MATHS
Exercise Exercise
1. A dealer sells an article at a profit of 15%. If he increases 1. A man had to sell rice at a loss of 5%. If he increases the
its price by Rs 120, he earns a profit of 20%. Find the price by Rs 3 per kg, he would make a profit of 10%. Find
cost price and the initial selling price respectively. the cost price and initial selling price per kg of rice.
a)Rs2760,Rs2400 b) Rs 2400, Rs 2760 a)Rs20,Rsl9 b)Rsl9,Rs20
c)Rs 2400, Rs 2670 d) Rs 2670, Rs 2400 c)Rsl8,Rsl9 d)Rsl9,Rsl8
2. A dealer sells an article at a profit of 10%. I f he increases 2. A man had to sell coffee at a loss of 15%. If he increases
its price by Rs 49, he earns a profit of 17%. Find the cost the price by Rs 7 per kg, he would make a profit of 20%.
price and the initial selling price respectively. Find the cost price and initial selling price per kg of cof-
a) Rs 700, Rs 770 b) Rs 770, Rs 700 fee.
c)Rs600,Rs660 d) Rs 660, Rs 600 a)Rsl8,Rs20 b)Rs20,Rsl8
3. A dealer sells an article at a profit of 12%. If he increases c)Rs20,Rsl7 d)Rsl7,Rs20
the its price by Rs 81, he earns a profit of 21%. Find the 3. A man had to sell tea at a loss of 5%. If he increases the
cost price and the initial selling price respectively. price by Rs 4 per kg, he would make a profit of 15%. Find
a)Rs 1008, Rs 800 b) Rs 800, Rs 1008 the cost price and initial selling price per kg of tea.
c) Rs 900, Rs 1008 d) Rs 900, Rs 1000 a)Rsl9,Rs21 b)Rs20,Rsl9
c) Rs 19, Rs 20 d) Can't be determined
' „ 1
4. A hawker sells oranges at a profit of 12— per cent. I f he 4. A man had to sell pulse at a loss of 10%. If he increases
the price by Rs 5 per kg, he would make a profit of 15%.
increases the selling price of each orange by 60 paise, he Find the cost price and initial selling price per kg of pulse.
earns a profit of 20%. Find the cost price and the initial a)Rs20,Rsl8 b)Rsl8,Rs20
selling price of each orange, c)Rsl5,Rsl8 d)Rsl8,Rsl5
a) 900 P, 700 P b)700P,900P
c)900P,800P d)800P,900P Answers
5. A hawker sells oranges at a profit of 30 per cent. If he La 2.c 3.b 4. a
increases the selling price of each orange by 20 paise, he
earns a profit of 50%. Find the cost price and the initial
Rule 28
selling price of each orange. Theorem: A dealer sells an article at a profit ofx%. Had he
a)100P, 130P b) OOP, 100P sold itfor Rs x less, he would have still gained y%. In order
c)150P, 100 P d)100P, 150 P to gain z%, selling price and the initial cost price of the
Rule 27 tively.
Theorem: A dealer sells an article at a loss ofx%. If he sells Illustrative Example
it at RsXmore he makes a profit ofy%, then the cost price Ex: A dealer sold a radio at a profit of 20%. Had he sold it
"lOOX for Rs 100 less, he would have gained 15%. For what
and the initial selling price of the article are Rs x ^+ value should he sell it in order to gain 25%? Also find
the initial cost price?
(l00-x)x Soln: Applying the above theorem, we have the
and Rs respectively.
x+ y 100x(l00 + 25)
Illustrative Example selling price = 20-15 = ^ S anC *
Ex: A man had to sell wheat at a loss of 10%. I f he in-
100x100 _
creases the price by Rs 5 per kg, he would make a initial cost price = —— ~ 2000.
profit of 20%. Find the cost price and initial selling
price per kg of wheat. Exercise
Soln: Applying the above theorem, 1. A dealer sold a TV set at a profit of 10%. Had he sold it
100x5 r * per
5 0 2 for Rs 200 less, he would have gained 8%. For what
the required cost price = — =Rs 16y
10 + 20 value should he sell it in order to gain 5%?
kg and a) Rs 12500 b)Rs 10500
(l00-10)x5 c) Rs 9500 d) Data inadequate
the initial selling price = Rsl5 per kg 2. A dealer-sold a camera at a profit of 12%. Had he sold it
10 + 20
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230 P R A C T I C E B O O K ON Q U I C K E R MATHS
for Rs 240 less, he would have gained 7%. For what X(\00 + z)
value should he sell it in order to gain 20%? article are given by Rs and Rs re-
x-y
a)Rs5760 b)Rs6760 c)Rs7560 d)Rs6750
3. A dealer sold a sofa set at a profit of 18%. Had he sold it spectively.
for Rs 450 less, he would have gained 12%. For what Illustrative Example
value should he sell it in order to gain 14%? Ex: A dealer sold a radio at a loss of 20%. Had he sold it
a)Rs5880 b)Rs5850 ^)Rs8550 d)Rs8850 for Rs 100 more, he would have lost 15%. For what
Answers vafue should he self it in order to gain 25%. A/so find
l.b 2.a 3.c the initial cost price.
Soln: Applying the above theorem, we have
Rule 29 100x(l00 + 25)
Rs 2500 and
Theorem: A dealer sells an article at a profit ofx%. Had he selling price = 20-15
sold itfor Rs X more, he would have gained y%. In order to 100x100
gain z%, selling price and the initial cost price of the ar- initial cost price = = Rs 2000.
20-15
X(l00 + z)~ \oox Exercise
tide are given by Rs and Rs re- 1. A dealer sold a CD player at a loss of 25%. Had he sold
V- y-x
it for Rs 135 more, he would have lost 20%. For what
spectively. value should he sell it in order to gain 35%.
Illustrative Example a)Rs3645 b)Rs3465 c)Rs3545 d)Rs3655
Ex: A dealer sold a radio at a profit of 15%. Had he sold it 2. A dealer sold a TV set at a loss of 27%. Had he sold it for
for Rs 100 more, he would have gained 20%. For what Rs 500 more, he would have lost 17%. For what value
value should he sell it in order to gain 25%? Also find should he sell it in order to gain 40%.
the initial cost price. a)Rs6000 b)Rs5000 c)Rs7000 d)Rs8000
Soln: Following the above theorem, we have 3. A dealer sold a chair at a loss of 12%. Had he sold it for
Rs 150 more, he would have lost 3%. For what value
100(100 + 25) „
should he sell it in order to gain 8%.
selling price = i = Rs 2500 and
5 F 20-15 a)Rsl600 b)Rsl800 c)Rs2100 d)Rsl500
100x100 Answers
l.a 2.c 3.b
initial cost price = - ^ r — — - R s 2000.
Rule 31
Exercise Theorem: If an article is sold at a profit ofx%. If both the
1. A dealer sold a camera at a profit of 5%. Had he sold it cost price and selling price are Rs A less, the profit would
for Rs 120 more, he would have gained 15%. For what (x + y)xA
value should he sell it in order to gain 10%? bey% more, then the cost price is
a)Rsl320 b)Rsl330 c)Rsl230 d) Data inad- y
In other words, cost price
equate
2. A dealer sold a TV set at a profit of 20%. Had he sold it [initial Profit % + Increase in profit %]x A
for Rs 525 more, he would have gained 25%. For what Increase in profit %
value should he sell it in order to gain 40%?
Illustrative Example
a) Rs 17400 b)Rs 14700 c)Rs 15700 d)Rs 17500
Ex: An article is sold at a profit of 20%. If both the cost
3. A dealer sold a pen at a profit of 12%. Had he sold it for
price and selling price are Rs 100 less, the profit
Rs 3 more, he would have gained 18%. For what value
would be 4% more. Find the cost price.
should he sell it in order to gain 28%?
Soln: Detail Method: Suppose the cost price of that article
a)Rs68 b)Rs60 c)Rs64 d)Rs54
is Rs x.
Answers
l.a 2.b 3.c (120
Rule 30 The selling price = Rs x I y^Tj
Theorem: A dealer sells an article at a loss ofx%. Had he
New cost price and selling price is Rs (x -100) and Rs
sold it for Rs X more, he would have still losty%. In order
to gain z%, the selling price and the initial cost price of the 120" 100 respectively.
100
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Profit and Loss 231
Rule 32
New profit = Rs H°__ o|-(*-100)
1 0
Theorem: A dealer sells an article at a profit of.x%. If he
100
reduces the price by Rs X, he incurs a loss ofy%, then the
cost price and the initial selling price of the article are Rs
232 P R A C T I C E B O O K ON Q U I C K E R MATHS
Illustrative Example the percentage profit increases by 10%. Find the cost
Ex.: A hawker sells oranges at a profit of 40%. If he re- price.
duces the selling price of each orange by 30 paise, he a)Rs50 b)Rs75 c)RslO0 d)Rs40
earns a profit of 25%. Find the cost price and the 3. An article is sold at 25% profit. I f its cost price and sell-
initial selling price of each orange. ing price are less by Rs 20 and Rs 17.5 respectively and
Soln: Following the above theorem, we have the percentage profit increases by 15%. Find the cost
price.
100x30 a)Rs75 b)Rs80 c)Rs70 d)Rs65
cost price - 200 paise and
40-25
and the percentage profit increases by 10%. Find the 20(25 -15) 15 15
-100(4 - 2 0 ) _ 1800
cost price. Rs 120.
Soln: Using the above formula: Exercise
10(20 +10)-100(5-10)_ 800 1. An article is sold at 10% profit. I f its CP and SP are
Rs 80. increased by Rs 15 and Rs 5 respectively, the percent-
10 • 10
age of profit decreases by 5%. Find the cost price.
Exercise a)Rs215 b)Rs213 c)Rs512 d)Rs312
1. An article is sold at 10% profit. I f its cost price and sell-
ing price are less by Rs 5 and Rs 2.5 respectively and the 2. An article is sold at 1 2 - % profit. If its CP and SP are
percentage profit increases by 5%. Find the cost price.
a)Rs40 b)Rs45 c)Rs60 d)Rs65 increased by Rs 10 and Rs 2 respectively, the percent-
2. An article is sold at 15% profit. If its cost price and sell-
age of profit decreases by ^ —%. Find the cost price.
ing price are less by Rs 10 and Rs 7.5 respectively and
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Profit and Loss 233
234 P R A C T I C E B O O K ON Q U I C K E R MATHS
An article is sold at '2—% profit. I f its cost price is Quicker Method: Applying the above rule, we have
the
increased by Rs 30 and at the same time i f its selling value of commodity
price is also increased by Rs 20, the percentage of profit
62x100 62x100
becomes 7 — % . Find the cost price. - x l 5 + - x 2 0 + —x24 5+5+10
3 4 12
a)Rs225 b)Rs245 c)Rs345 d)Rs249
Rs310.
236 P R A C T I C E B O O K ON Q U I C K E R MATHS
\lx( 106 | x( 97
N Yl and
(ii) Cost price of the item sold at gain it
Now,profit= 3 ( io J 3ilOO
0 + '
P(l00-x)
_ 212*+ 97* _ 309*-300* _ 9x (l00-.r)+(l00+v)'
300 ~ 300 ~300
X
Illustrative Example
9 x tiAn Ex.: A person bought two watches for Rs 480. He SCJC
Since = 540 one at a loss of 15% and the other at a gain of 1
since, 3 0 Q
540x300 and he found that each watch was sold at the sane
.-. x = Rs =Rs 18,000. price. Find the cost prices of the two watches.
Soln: Direct Formula : CP o f watch sold at loss
Quicker Method: Applying the above rule, we have
480 x ( l 00 + % profit)
Total Profit xlOO
the value of Consignment = ( l 0 0 - 1 5 ) + ( l 0 0 + 19)
2 f
% profit x — % loss x -
3 3
480x119
540x100 = Rs280.
= Rs 18,000. 204
r i
2 1
CP of watch sold at gain = 480 - 280 = Rs 200.
6x — 3 x -
3 3 480 x ( l 0 0 - % loss)
Exercise Note: CP of watch sold at gain
(lOO-15)+(lOO + 19)
1. 3/5th of a consignment was sold at a profit of 15% and
the rest at a loss of 10%. I f there was an overall profit of = Rs200.
Rs 32, find the value of the consignment. Exercise
a)Rs640 b)Rs960 c)Rs460 d)Rs740 1. A person bought two horses for Rs 960. He sold one
2. 4 '5th of a consignment was sold at a profit of 25% and a loss of 20% and the other at a gain of 60% and
the rest at a loss of 35%. I f there was an overall profit of found that each horse was sold at the same price. F
Rs 910, find the value of the consignment. the cost price of two horses.
a)Rs6000 b)Rs7000 c)Rs7500 d)Rs8000 a)Rs640,Rs320 b) Rs 540, Rs 420
3. 3/8th of a consignment was sold at a profit of 32% and c)Rs440,Rs520 d)Rs650,Rs310
the rest at a loss of 16%. I f there was an overall profit of 2. A person bought two goats for Rs 630. He sold one
Rs 112, find the value of the consignment. loss of 10% and the other at a gain of 20% and he f
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Profit and Loss 237
that each goat was sold at the same price. Find the cost
5568
price of two goats. Rs
a)Rs350,Rs280 b) Rs 360, Rs 270
c)Rs340,Rs290 d)Rs300,Rs330 5568 768
X A person bought two oxen for Rs 410. He sold one at a Profit = 960 = R S
Total of two parts at 7% profit. What is his profit percentage in this (re-
action?
a) 8% b)7% c)10% d) 14%
lustrative Example 4. Ramesh purchased 30 bananas at Rs 3 each. He so'J I
L: Nandlal purchased 20 dozen notebooks at Rs 48 per bananas at 15% profit and the remaining at 30%pr6lit.
dozen. He sold 8 dozen at 10% profit and the remain- What is his profit percentage in this transaction?
ing 12 dozen at 20% profit. What is his profit percent- a) 33% b)22% c) 17% d)31%
age in this transaction?
: Cost price of 20 dozen notebooks = 20 * 48 = Rs 960 Answers
238 P R A C T I C E B O O K ON Q U I C K E R MATHS
PxlOO Exercise
Exericse 4
3. — of a consignment was sold at 21 % loss and the rest at
2 1
a profit of 14%. I f there was an overall loss of Rs 600.
1. - of a commodity is sold at 15% loss, — is sold at 12%
find the value of the consignment,
loss and the rest at 18% loss. I f a total loss is Rs 45, then a) Rs 60000 b)Rs 10000 c)Rs 15000 d)Rs 12000
find the value of the commodity.
a)Rs200 b)Rs250 c)Rs300 d)Rs450 4. — of a consignment was sold at 16% loss and the rest a
8
1 1
2. - of a commodity is sold at 16% loss, — is sold at 24% a profit of 8%. Iftherewas an overall loss of Rs 140, fire
4 » the value o f the consignment.
loss and the rest at 32% loss. If a total loss is Rs 54, then a)Rs2000 b)Rs2500 c)Rsl800 d)Rs2400
find rbu value of the commodity.
3
a)Rs200 b)Rs300 5. — of a consignment was sold at 15% loss and the rest x
c) Rs 150 d) Data inadequate
1 2 a profit of 10%. If there was an overall loss of Rs 15, fir
3. — of a commodity is sold at 12% loss, ~ is sold at 15% the value of the consignment.
loss and the rest at 30% loss. I f a total loss is Rs 72, then a)Rs200 b)Rs250 c)Rs350 d)Rs300
find the value of the commodity. Answers
a)Rs360 b)Rs450 l.c 2. a 3.b 4. a 5.d
c) Rs 400 d) Data inadequate
Answers
Rule 45
l.c 2.a 3.c Theorem: A person buys certain quantity of an article]
Rs A. If he sells nth part of the stock at a loss of x%, them^
Rule 44 make an overall profit of y% on the total transaction
Theorem: Ifx part is sold atm% loss and the other rest part should sell the remaining stock at the per cent profit
y is sold atn% profit andRsP is overall loss, then the value y + xn
f PxlOO A
l-n
of total consignment is Rs
xm — yn Illustrative Example
Ex: I f goods be purchased for Rs 450, and one thira m
Illustrative Example
sold at a loss of 10 per cent, at what gain per i-m
should the remainder be sold so as to gain 20 per ?m
Ex: — of a consignment was sold at 6% loss and the rest
on the whole transaction?
at a profit of 3%. Iftherewas an overall loss ofR^540, Soln: Detail Method:
find the value of the consignment. 1
Soln: Applying the above theorem, we have the Cost of one third of goods = - of Rs 450 = Rs Ira
total value = 5 4 0 x 1 0 0 = Rs 18000. I The selling price of one-third of goods = Rs 150 >-
2 1
6x x3 = Rsl35
3 3 > x
Profit and Loss 255
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to make an overall profit ofy% on the total transaction he
. . . 120
The total selling price is to be Rs 450 x — rRs540 O
should sell the remaining stock at the per cent profit or loss
Exercise 2 2
A distributor buys books for Rs 8000 from a publisher.
He had to sell one-fourth at a loss of 20%. At what per
Exercise
cent gain he should sell the remaining stock so as to
make an overall profit of 10% on the total transaction?
a) 20% b)25% c) 18% d) 16% 1. A man buys wheat for Rs 5200. He sells' — rd of it at a
1 If goods be purchased for Rs 840, and one fourth be profit of 6%. At what per cent gain should he sell re-
sold at a loss of 20 per cent, at what gain per cent should
the remainder be sold so as to gain 20 per cent on the
mauling —rd so as to make an overall profit of 12% on
whole transaction.
the whole transaction?
a) 3 3 - % b)33% c) 3 3 - % d) 3 3 - % a) 24% b)20% c)22% d)26%
3 2 3
240 P R A C T I C E B O O K ON Q U I C K E R MATHS
5. A man buys rice for Rs 5520. He sells — th of it at a profit 4. A distributor buys books for Rs 670 from a publisher. He
of 14%. At what per cent gain should he sell remaining had to sell - t h at a loss of 16%. At what per cent gain
o
— th so as to make an overall profit of 18% on the whole he should sell the remaining stock so as to make an
overall no profit no loss on the total transaction?
transaction?
a) 28% b)24% c) 27% d) Data inadequate a) 9 | % b) 9 | % C ) 9y% d) « | %
Answers
A distributor buys books for Rs 5400 from a publisher.
l.a 2.b 3.a 4.c 5.a
Rule 48
Illustrative Example Theorem: A person buys certain quantity of an article for
Ex: A distributor buys books for Rs 8000 from a pub- Rs A. If he sells nth part of the stock at a profit ofx%, then
lisher. He had to sell one-fourth at a loss of 20%. At to make an overall no profit and no loss on the total trans-
what per cent gain he should sell the remaining stock action he should sell the remaining stock at the per cem
so as to make an overall no profit no loss on the total
transaction? %
loss of
Soln: Applying the above formula, we have .1-/7
tm^li^iih^i^iici^sde^^c^ dJ" oakum profit of 6%. At what per cent loss should he sell re
had to sell — th at a loss of 18%. At what per c*.:
Profit and Loss
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Illustrative Example
ing — rd so as to make no profit no loss on the whole Ex: A man buys 400 oranges at 4 a rupee and 500 oranges
at 2 a rupee. He mixes them together and sells them at
transaction? 3 a rupee. Find his per cent loss or gain.
a) 10% b)6% c) 12% d)18% Soln: Applying the above formula,
2 (400 + 500)x4x2
% profit or loss -1 x l 0 0 %
A man buys tea for Rs 4600. He sells — th of it at a profit (400x2 + 500x4)x3
A man buys grains for Rs 4750. He sells — th of it at a c) 16—% loss d) 16—% profit
o
profit of 16%. At what per cent loss should he sell re- 2. A man buys 300 oranges at 5 a rupee and 450 oranges at
„1
maining — th so as to make no profit no loss on the 2 — a rupee. He mixes them together and sells them at 4
8
whole transaction? a rupee. Find his per cent loss or gain.
a) Approx. 28% loss b) Approx. 28% profit
a) 9 - % b) 9 - % c) Approx. 22% loss d) Approx 29% profit
5 5 3. A man buys 25 apples at 8 a rupee and 35 apples at 4 a
rupee. He mixes them together and sells them at 6 a ru-
c) 9 - % d) Data inadequate pee. Find his per cent loss or gain.
5
a) 15% b)16% c) 16.78% d) 15.78%
4. A person purchased 100 oranges at 4 a rupee and 200
A man buys cereals for Rs 6000. He sells — th of it at a oranges at 2 a rupee. He mixed them and sold at 3 or-
profit of "18%. At what per cent loss should he sell re- anges a rupee. Find his per cent loss or gain.
a) 20% loss b) 25% loss c) 20% profit d) 25% profit
5. A person buys 100 toffees at 10 a rupee and 200 toffees
maining ~ th so as to make no profit no loss on the
at 5 a rupee. He mixes them together and sells at 4 a
whole transaction? rupee. Find his per cent profit.
a) 64% b)60% c)65% d) 63% a) 20% b)25% c)40% d)50%
\nswers Answers
c 2. a 3.c 4. a 5.d l.a 2.c 3.d 4. a 5.d
Rule 49 Rule 50
Theorem: A man purchases m articles atx a rupee and n Theorem: A man purchases a certain number of articles at
articles aty a rupee. He mixes them together and sells them a rupee and the same number aty a rupez. He mixes them
x
ml z a rupee. Then his gain or loss per cent is together and sells them atza rupee. Then his gain or loss %
• (m + n)xy 2xy
xlOO /o according as the +ve or -ve sign. -1 x 100 according as the sign is +ve or -ve.
I {my + nx)z z{x + y)
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242 P R A C T I C E B O O K ON Q U I C K E R MATHS
Note: This rule is the special case of Rule - 49. If we put m Exercise
= n in the Rule - 49 we get Rule - 50. 1. A man purchases a certain number of oranges at 5 per
Illustrative Examples rupee and the same number at 6 per rupee. He mixes
Ex. 1: A man purchases a certain number of mangoes at 3 them together and sells them at 8 per rupee. What is his
per rupee and the same number at 4 per rupee. He gain or loss per cent?
mixes them together and sells them at 3 per rupee.
What is his gain or loss per cent? a) 33—% loss b) 3 1 — % loss
Son: By the theorem:
"2x3x4 c) 31 — % loss d) 33 — % profit
Profit or loss per cent = xlOO
3(3 + 4)
2. A man purchases a certain number of oranges at 6 pe-
24 00
xl00 = J rupee and the same number at 8 per rupee. He mixes
21 them together and sells them at 6 per rupee. What is his
gain or loss per cent?
Since the sign is +ve, there is a gain of 14—% .
a) 14—% gain b) 1 6 - % loss
Ex.2: A man purchases a certain number of toffees at 25 a
rupee and the same number at 20 a rupee. He mixes
them together and sells them at 45 for 2 rupees. What V» loss d ) i e | % loss
does he gain or lose per cent in the transaction?
Soln: By the theorem: A man purchases a certain number of toffees at 20 a
45 rupee and the same number at 15 a rupee. He mixes the-
x = 25, y = 20 and z = = 22.5 together and sells them at 40 for 2 rupees. What does he
gain or lose per cent in the transaction?
2xy
.-. % profit or loss - 1 xlOO
{x + y) b) 14—% loss
a) l 4 y % gain
2x25x20 "
xlOO
22.5(25 + 20) c) 14—% gain d) 1 4 - /» loss
5
A man buys a certain number of oranges at 5 a rupee and prices of the two chairs.
an equal number at 3 a rupee. He mixes them together a)Rs375,Rs360 b)Rs385,Rs350
and sells at 4 a rupee. Find his per cent profit or loss. c) Rs 370, Rs 365 d) Data inadequate
3. A person bought two goats for Rs 920. He sold one at a
a) 6 ^ % profit b) 25% profit gain o f 18% and the other at a gain of 12% and he found
that each goat was sold at the same price. Find the cost
prices of the two goats.
c) 6—% loss d) Data inadequate a)Rs462,Rs458 b) Rs 472, Rs 448
c) Rs 482, Rs 43 8 d) Data inadequate
9. A man buys toffees at 6 a rupee and an equal number of
4. A person bought two oxen for Rs 500. He sold one at a
toffees at 3 a rupee. He mixes them together and sells at
gain of 23% and the other at a gain of 27% and he found
4\ rupee. Find his per cent loss or profit,
that each ox was sold at the same price. Find the cost
a) Neither loss nor profit b) 100% loss
prices of the two oxen.
c) 100% profit d) Can't be determined
a)Rs264,Rs236 b) Rs 244, Rs 266
Answers c) Rs 254, Rs 246 d) Data inadequate
l.b 2. a 3.b 4.d 5. a 6.d 7.b 5. A person bought two sofa-sets for Rs 2800. He sold one
8.c 9. a at a gain of 35% and the other at a gain of 45% and he
found that each sofa-set was sold at the same price.
Rule 51 Find the cost prices of the two sofa-sets.
Theorem: If a person bought items A and B for Rs R He a)Rs 1430, Rs 1370 b)Rs 1440, Rs 1360
sold A at a gain ofx% and the other at a gain ofy% and he c)Rs 1460, Rs 1340 d)Rs 1450, Rs 1350
found that each item A and B was sold at the same price,
then the
Answers
l.a 2. a 3.b 4.c 5.d
(l00+y)x/>
(0 cost price of A = ( 1 0 0+c ) ( l 0 0 + y) and the
J + Rule 52
Theorem: If certain article is bought at the rate of 'A 'for a
(l00 + s)x/> rupee, then to gain x%, the article must be sold at the rate
(ii) cost price of B
(l00 + x)+(l00 + y)-
( 100 )
Illustrative Example °f V100 + x j * ^ f or a ru P
ee (R e m e m D e r the rule of frac-
Ex: A person bought two horses for Rs 690. He sold one
at a gain of 10% and the other at a gain of 20% and he tion).
found that each horse was sold at the same price. Illustrative Example
Find the cost prices of the two horses. Ex: I f toffees are bought at the rate of 25 for a rupee, how
Soln: Following the above theorem, we have the many must be sold for a rupee so as to gain 25%?
(i) cost price of the first horse 125 5
(l00 + 20)x690 Soln: Detail Method: SP of 25 toffees = Re 1 x — = Rs -
100 4
= (100 10)+(100 + 2 0 )
+ = R S 3 6 °-
(ii) cost price of the second horse No. of toffees sold for Rs — = 25
4
(100 + I0)x690
Rs330 25x4
(l00 + 10)+(l00 + 20) No. of toffees sold for Re 1 = 20
244 P R A C T I C E B O O K ON Q U I C K E R MATHS
Exercise
Px-\WX
1. I f oranges are bought at the rate of 21 for a rupee, how (ii) one item of B is
many must be sold for a rupee so as to gain 5%? m(x + y) _
a)20 b) 18 c) 16 d) 19 Ex: If a man buys 10 pens and 5 pencils for Rs 500, and
2. I f apples are bought at the rate of 11 for a rupee, how sells the pens at a profit of 10% and the pencils at a
many must be sold fr>r a rupee so as to gain 10%? loss of 15%, and his whole gain is Rs 25. What price
a) 10 b) 12 c)15 d)8 does he pay for a pen and a pencil?
3. If bananas are bought at the rate of 30 for a rupee, how Soln: Following the above theorem, we have the
many must be sold for a rupee so as to gain 20%?
100x25 + 500x15
a) 24 b)25 c)28 d)30 price of a pen : Rs 40 and
4. A man buys oranges at 6 a rupee. For how many a rupee 10(10 + 15)
he should sell them so as to gain 20%.
500x10-100x25
a) 4 oranges a rupee b) 5 oranges a rupee the price of a pencil ;
Rs 20
c) 3 oranges a rupee d) Data inadequate 5(10 + 15)
58500-71100
= Rs 300.
-42
m(x + y)
Note: 1. If a man buys n items of A andm items ofB for Rs P,
Ex: I f a man buys 10 pens and 5 pencils for Rs 500, and
and sells the items of A at a profit of x% and the
sells the pens at a loss of 10% and the pencils at a
items of B at a loss ofy%, and his whole gain is Rs
profit of 15% and his whole loss is Rs 25. What price
X, then the price he pays for
does he pay for a pen and a pencil?
\00X+ Py Soln: Following the above,theorem, we have the
(i) one item of A is and
n(x + y) . , 100x25 + 500x15 „ , „
price of a pen = -. = Rs 40 and the
5
10(10 + 15)
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Profit and Loss https://telegram.me/pdf4exams 245
* 9x
500x10-100x25 Then his total investment
price of a pencil = 5(10 + 15) Rs20 :
4 20"= R S
2*x2 4*
Exercise Total selling price = Rs — ~ — = Rs ~9~
9
1. A man buys 20 pens and 16 books for Rs 360. He sells 9* 4x 81*-80x x
pens at a profit of 40% and books with a gain of 25%. I f total loss = — " ~9 " 180
180
his overall gain is Rs 120, the CP of the pen is .
a)Rsl3 b)Rsl2 c)Rsl5 d)Rsl0 then Rs Rs3 x = 180x3 = 540
2. 6 horses and 8 cows cost me Rs 37500.1 sell them for Rs 180
44625 making a profit of 25 percent on the horses and 10 Therefore he bought 2 * 540 = 1080 oranges in total.
per cent on the cows. What is the average cost of each Quicker Method: In the above question:
horse and of each cow. I f * oranges/rupee and y oranges/rupee are mixed in
a)Rs3750,Rs!875 b) Rs 3650, Rs 1975 same numbers and sold at z oranges/rupee then
c) Rs4750, Rs 2875 d) Data inadequate loss rupees x 2xyz
3. A man buys5 horses and 7 oxen for Rs 58500. He sells Number of total oranges bought = z(x + y)-2xy
the horses at a profit of 10 per cent and oxen at a profit of
16 per cent and his whole gain is Rs 7110. What price 3x2x5x4x4.5 120x4.5
= 1080 oranges.
does he pay for a horse? 4.5(5 + 4 ) - 2 x 5 x 4 40.5-40
a) Rs 7500 b) Rs 3000 Exercise
c) Rs 8500 d) Rs 5700 1. A person bought some oranges at the rate of 6 per ru-
4. A man buys 3 tables and 12 chairs for Rs 2400. He sells pee. He bought the same number of oranges at the rate
the tables at a profit of 20% and chairs at a profit of 10% of 4 per rupee. He mixes both the types and sells at 10 for
and makes a total profit of Rs 300. At what price did he rupees 2. In this business he bears a loss of Rs 4. Find
buy tables and chairs? out how many oranges he bought in all?
a)Rs600,Rsl800 b)Rs200,Rs350 a) 480 oranges b) 840 oranges
c) Rs 800, Rs 1400 d) Can't be determined c) 490 oranges d) Data inadequate
5. Raman buys 5 pens and 30 pencils for Rs 1000. He sells 2. A person bought some oranges at the rate of 3 per ru-
the pens at a profit of 15% and pencils at a profit of 10% pee. He bought the same number of oranges at the rate
and makes a total profit of Rs 120. Find the cost of a pen of 2 per rupee. He mixes both the types and sells at 5 for
and of a pencil. rupees 2. In this business he bears a loss of Rs 2. Find
a)Rs70,Rs30 b)Rs85,Rsl5 out how many oranges he bought in all?
c) Rs 80, Rs 20 d) Data inadequate a) 240 oranges b) 120 oranges
Answers c) 180 oranges d) Cann't possible
1. d 3. A person bought some oranges at the rate of 6 per ru-
2. a; Hint: Here ' X ' = gain = Rs 44625 - Rs 37500 = Rs 7125 pee. He bought the same number of oranges at the rate
Now apply the above rule and get the answer. of 5 per rupee. He mixes both the types and sells at 10 for
3. a rupees 2. In this business he bears a loss of Rs 4. Find
4. a; Hint: By the formula we calculate price of one table out how many oranges he bought in all.
and one chair ie Rs 200 and Rs 150 respectively. a) 240 oranges b) 680 oranges
.-. required answer = the price of 3 tables c) 480 oranges d) Cann't possible
= 3 x200 = Rs600 4. A person bought some oranges at the rate of 12 per
and the price of 12 chairs = 12 x 150 = Rs 1800. rupee. He bought the same number of oranges at the
5. c rate of 8 per rupee. He mixes both the types and sells at
20 for rupees 2. In this business he bears a loss of Rs 8.
Rule 54 Find out how many oranges he bought in all?
Ex.: A person bought some oranges at the rate of 5 per a) 1680 b)1820 c)1920 d) 1290
rupee. He bought the same number of oranges at the Answers
rate of 4 per rupee. He mixes both the types and sells l.a 2.b
at 9 for rupees 2. In this business he bears a loss of Rs
3. d; Hint: Applying the given formula, we get no. of or-
3. Find out how many oranges he bought in all?
anges = -240, that is not possible.
Soln: Detail Method: Suppose he bought x oranges of each
4. c
quality.
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246 P R A C T I C E B O O K ON Q U I C K E R MATHS
Rule 55 l O x - 1 0 0 - x = 100
Theorem: If a tradesman marks his goods atx% above his
• x= = 22 —%
cost price and allows purchasers a discount ofy% for cash, • 9 9
( k_l Exercise
1. A shopkeeper labels the price of articles 20% above the
then there is \~y~ J % profit or loss according to cost price. If he allows Rs 31.20 off on a bill of Rs 312;
find his profit per cent on the article.
+ve or —ve sign respectively. }BSRBMumbaiPQ, )999}
x
100 2
-ve sign
note: wnen x = y, tnen lormuia oecomes 1 „2 lD
8 8 ' 10
4. A tradesman's charges are 20 per cent over cost price. If
.-. gain per cent = 109 J - 1 0 0 = 9 ^ % he allows his customers 10 per cent off their bills for
8 8
cash payment, what is his gain per cent?
Quicker Method: Applying the above theorem, we
|RRB Exam 1999]
have
a) 4% b)8% c)10% d) 12%
5. A tradesman marks his goods at 30 per cent above the
x = 25%,y= 1 2 - %
2 cost price. I f he allows a discount of 3 paise in a Re off
the marked price, what percentage of profit does he make 0
J. c 4.b Exercise
5. d; Hint: Here x =30% and y = discount = 3 paise in 1 Re 1. A man buys two chairs for Rs 1250. He sells one so as to
lose 5% and the other so as to gain 20%. On the whole
ie x ' 00 = 3% . Now apply the given formula and he neither gains nor loses. What does each chair cost?
a)Rsl000,Rs250 b)Rs 1100, Rs 150
get the answer. c)Rs900,Rs350 d) Rs 950, Rs 300
x 10x 2. A man buys two tables for Rs 1750. He sells one so as to
6. b; Hint: ^ - 1 0 - ^ ^ - = 26 lose 10% and the other so as to gain 15%. On the whole
he neither gains nor loses. What does each table cost?
.-. x = 40%
a) Rs 1000, Rs 750 b) Rs 1050, Rs 700
7. d; Hint: See 'Note" given in the formula
c) Rs 950, Rs 800 d) Can't be determined
3. A man buys two oxen for Rs 3000. He sells one so as to
loss%= ^ - = 1% lose 5% and the other so as to gain 25%. On the whole
100
he neither gains nor loses. What does each ox cost?
Rule 56 a)Rs2500,Rs500 b)Rs2100,Rs900
c)Rs 2400, Rs 600 d) Rs 2700, Rs 300
Theorem: If a man buys two items A and B for Rs P, and
4. A man buys two goats for Rs 440. He sells one so as to
sells one item A so as to losex% and the other item B so as
lose 12% and the other so as to gain 28%. On the whole
to gain y%, and on the whole he neither gains nor loses,
he neither gains nor loses. What does each goat cost?
Py x
a)Rs306,Rsl34 b) Rs300, Rs 140
then (i) the cost of the item A is and
x+ y c) Rs 308, Rs 132 d) Can't be determined
5. A man buys two horses for Rs 1550. He sells one so as
Px
(ii) the cost of the item B is to lose 23% and the other so as to gain 27%. On the
yj whole he neither gains nor loses. What does each horse
Illustrative Example cost?
Ex.: A man buys two horses for Rs 1350. He sells one so a)Rs807,Rs743 b)Rs817,Rs733
as to lose 6% and the other so as to gain 7.5%. On the c)Rs827,Rs723 d)Rs837,Rs713
whole he neither gains nor loses. What does each
Answers
horse cost?
l.a 2.b 3.a 4.c 5.d
Soln: Detail Method: Loss on one hors e= gain on the other
.-. 6% of the cost of first horse = 7.5% of the cost of
Rule 57
the second.
Theorem: By selling a certain item at the rate of 'X' items a
Cost of first horse _ 7.5% _ 15 _ 5 rupee, a man loses x%. If he wants to gain y%, then the
" Cost of second horse 6% 12 4 number of items should be sold for a rupee is
Dividing Rs 1350 in the ratio of 5 :4,
^100-x^
Cost of first horse = Rs 750
100+v
Cost of the second = Rs 600
Quicker Method: The above rule may be written as Illustrative Example
given below. Ex: By selling oranges at 32 a rupee, a man loses 40%.
Cost of first horse How many for a rupee should he sell in order to gain
CP of both x % loss or gain on 2nd 20%?
% loss or gain on 1 st + % loss or gain on 2nd Soln: Applying the above formula, we have,
Cost of second horse /100-40 | N 32x60
the required answer = 32i 16
U 0 0 + 20 120
CP of both x % loss or gain on 1 st
% loss or gain on 1 st + % loss or gain on 2nd Exercise
1. By selling bananas at 21 a rupee, a man loses 30%. How
Now, applying the formula, we have the
many for a rupee should he sell in order to gain 5%?
1350x7.5 a) 15 b) 12 c)14 d) 16
cost of 1 st horse = — — — r ~ = Rs 750 and the
6 + 7.5 2. By selling apples at 46 a rupee, a man loses 15%. How
1350x6 many for a rupee should he sell in order to gain 15%?
cost of 2nd hose = — — r - r = Rs 600. a) 17 b)34 c)27 d)24
6 + 7.5
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248 P R A C T I C E B O O K ON Q U I C K E R MATHS
y- 100 + ^ 6 3 247.50
should increase his selling price by Rs and 4. b; Hint:
100 + x 100 + 5 J12 50
• y = - 1 % [-ve sign shows loss]
100+y .-. required answer = 1% loss
the selling price is given by Rs xA
100 + x
100+y ?
5. c; Hint: 77 = 63
Illustrative Example 100 + 10
Ex.: By selling an article for Rs 19.50 a dealer makes a
profit of 30%. By how much should he increase his [* = ^ o f o u t l a y = 100 = 10%]
selling price so as to make a profit of 40%. Find the
selling price also. .-. y = -10% .-. there is a loss of 10%.
Soln: Applying the above formula, we have
Rule 59
40-30 Theorem: By selling an article for Rs A, a dealer makes a
increase in selling price 19.50 = Rs 1.5
100 + 30 loss of x%. If he wants to make a profit of y%, then he
and
x+ y
should increase his selling price by Rs and
100 + 40 lOO-x
the selling price :
19.50= Rs 21
100 + 30
'(100 + y
Exercise the selling price is given by Rs
100
1. By selling wheat at Rs 2.34 a kg a grocer gained 17%. At
what price should he have sold it to gain 20%? Illustrative Examples
a)Rsl.40 b)Rs2.40 c)Rs3.40 d)Rs3.50 Ex. 1: By selling an article for Rs 160 a dealer makes a loss of
2. A machine is sold for Rs 5060 at a gain of 10%. What 20%. By how much should he increase his selling
would have been gained or lost per cent i f it had been price so as to make a profit of 25%. Also find the
sold for Rs4370? selling price.
a) 5% loss b) 5% gain c) 22% gain d) 22% loss Soln: Following the above theorem, we have
3. A time piece is sold for Rs 64 at a gain of 28%. What
would be gained or lost per cent by selling it for Rs 47.50 25 + 20
P?
a) 4% profit b!5%loss c) 4% loss d) 5% profit increase in selling price = —— x 160 = Rs 90 and
4. By selling 12 kg of onions for Rs 63,1 gain 5%. What do the selling price : xl60 = Rs250
1 gain or lose per cent by selling 50 kg of the same on- 100-20
100 + 25
ions for Rs 247.50? Ex. 2: A man bought a certain quantity of rice at the rate of
a) 20% loss b) 1 % loss c) 5% loss d) 1% profit Rs 150 per quintal. 10% of the rice was spoiled. At
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Profit and Loss https://telegram.me/pdf4exams 249
... V = — = 6 - % gain
100 + 20
Rs 150 R s l 5 0 x ^ ° - = Rs200 7. a
100-10 90
f \
Exercise 100+y
1. By selling salt at Rs 55.80 per quintal a dealer lost 7 per 8. c; Hint: x "60 = 77
100
cent. At what price should he have sold it to gain 7 per 100
cent?
a)Rs64 b)Rs 64.02 c)Rs 64.20 d)Rs 64.25
2. By selling a carriage for Rs 570,1 would lose 5%. At what x = I of outlay = - x 100 = — %
7 7 7
price must I sell it to gain 5%?
a)Rs630 b)Rs840 c)Rs420 d)Rs730 .-. y = 10% .-. required answer = 10% gain.
3. By selling a book for Rs 14 a book seller would lose 9.c
Illustrative Example
5. I f 6 — per cent is lost by selling an article for Rs 9.35, for
Ex: A dealer bought a horse at 20% discount on its origi-
what price should it be sold to gain 13%? nal price. He sold it at 40% increase on the original
a)Rsll b)Rs 12.30 c)Rs 11.30 d)Rs 13.30 price. What percentage profit did he get?
6. A horse is sold for Rs 1230 at a loss of 18%. What would Soln: Following the above theorem, we have
have been gained or lost per cent i f it had been sold for
Rsl600? dealer's profit per cent = ^ q ^ o x 1 0 0 = 7 5 % •
Exercise
a) y % loss
6 b) 6 y % gain
1. A dealer bought a horse at 10% discount on its original
price. He sold it at 20% increase on the original price.
c) 6—% gain d) Can't be determined What percentage profit did he get?
7. I f 13% is lost by selling goods for Rs 295.80, what would 3)33^% b)9^-% c)ll|% d)9j-%
be gained or lost per cent by selling them for Rs 323?
a) 5% loss b) 5% gain c) 3% loss d) 10% gain 2. A dealer bought a horse at 5% discount on its original
price. He sold it at 10% increase on the original price.
B E r ^ A U * w « > a itmj v$L\m<- 1 What percentage profit did he get?
S. If by selling an article for Rs 60, a person loses — of his
outlay. What would he have gained or lost per cent by c) 7 — % d) 5—%
a) 5 f % b ) 5 f ' 19 19
selling it for Rs 77? ;
a) 20% gain b) 20% loss c) 10% gain d) 10% loss 3. A dealer bought a horse at 25% discount on its original
9. On selling an article for Rs 240, a trader loses 4%. In price. He sold it at 45% increase on the original price.
order to gain 10%, he must sell that article for What percentage profit did he get?
[NDA Exam, 1990] 1 2 1
a)Rs264.00 b)Rs273.20 c)Rs275.00 d)Rs280.00 a) 2 6 - % b) 1 6 - % C ) 9 3 - % d) Data inadequate
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250 P R A C T I C E B O O K ON Q U I C K E R MATHS
Rule 61
Theorem: If a trader buys an article atx% discount on its B gains Rs 810 (the same as A loses) and his invest-
original price and sells it at y% increase on the price he ment in this transaction is Rs 8100.
buys it, then the percentage of profit he makes on the origi-
.-. B's % gain = 100 = 10%
8100
nal price is y-x- Quicker Maths (direct formula): In such case,
100
the first buyer bears loss and his % of loss is given
Illustrative Example
% gain ( 1 0 0 - % loss)
Ex: A trader bought a car at 20% discount on its original by
100
price. He sold it at 40% increase on the price he bought
it. What percentage of profit did he make on the origi- 10(100-10)
nal price? In this case, A's loss% 9%
100
Soln: Applying the above theorem, we have
40 x 20 9 ^
% profit = 4 0 - 2 0 — = 12%. and loss amount = 9000 [j^j =R 1 '
Exercise Exercise
1. A trader bought a car at 15% discount on its original 1. A horse worth Rs 16000 is sold by A to B at 5% loss. B
price. He sold it at 30% increase on the price he bought sells the horse back to A at 5% gain. Find the value of
it. What percentage of profit did he make on the original loss amount.
price? a)Rs860 b)Rs760 c)Rsl260 d)Rs960
a) 11.5% b) 10.5% c)ll% d) 10% 2. A horse worth Rs 12000 is sold by A to B at 15% loss. B
2. A trader bought a car at 10% discount on its original sells the horse back to A at 15% gain. Find the value of
price. He sold it at 20% increase on the price he bought loss amount.
it. What percentage of profit did he make on the original a)Rsl530 b)Rsl630 c)Rsl350 d)Rsl550
price? 3. A horse worth Rs 8000 is sold by A to B at 20% loss. B
a) 8% b)6% c)10% d) 12% sells the horse back to A at 20% gain. Find the value of
3. A trader bought a car at 5% discount on its original loss amount.
price. He sold it at 10% increase on the price he bought a)Rsl380 b)Rsl480 c ) R s l l 8 0 d)Rsl280
it. What percentage of profit did he make on the original 4. A horse worth Rs 5000 is sold by A to B at 25% loss. B
price? sells the horse back to A at 25% gain. Find the value of
a) 5.5% b)6.5% c)4.5% d)3.5% loss amount.
a) Rs 937.5 b)Rs938
Answers
c)Rs 938.5 d) Can't be determined
l.b 2.a 3.c
Answers
Rule 62 l.b 2. a 3.d 4. a
Ex: A horse worth Rs 9000 is sold by A to B at 10% loss.
B sells the horse back to A at 10% gain. Who gains Rule 63
and who loses? Find also the values. Theorem: A person marks his goods x% above the cost
Soln: Detail Method: price but allows y% discount for cash payment. If he sells
the article for Rs X, then the cost price is
(90)
A sells to B for Rs 9000 I T T T J =RS8100 100 100
100 + x 100- yj
110
Again, B sells to A for Rs 8100 = Rs8910 Illustrative Example
100
Ex: Satish marks his goods 25% above the cost price but
Thus, A loses Rs (8910 - 8100) = Rs 810.
allows 12.5% discount for cash payment. If he sells
In this whole transaction, A's investment is only Rs
the article for Rs 875, find his cost price.
9000 (the cost of the horse) because the horse re-
Profit and Loss 251
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Soln: Applying the above formula, we have the 3. A milkman buys some milk. If he sells it at Rs 8 a litre, he
100 Y 100 N
loses Rs 233, but when he sells it at Rs 9 a litre, he gains
cost price = 875 100 + 25 A 100-12.5 = Rs 800 Rs 317. How much milk did he purchase?
a) 550 litres b) 450 litres c) 600 litres d)_/>0liri
Exercise
Answers
1. Ramesh marks his goods 20% above the cost price but
l.c 2.b 3.a
allows 20% discount for cash payment. If he sells the
article for Rs 960, find his cost price. Rule 65
a)Rs800 b)Rs900
Ex: A fruit merchant makes a profit of 25% by selling
c) Rs 1000 d) Data inadequate
mangoes at a certain price. If he charges Re 1 more on
2. Rakesh marks his goods 10% above the cost price but
each mango, he would gain 50%. Find what price per
allows 10% discount for cash payment. I f he sells the
mango did he sell at first. Also find the cost price per
article for Rs 1980, find his cost price.
mango.
a)Rs3000 b)Rs2400 c)Rs2500 d)Rs2000
Soln: Detail Method: Suppose the cost price of a mango be
3. Ritesh marks his goods 15% above the cost price but
Rsx.
allows 25% discount for cash payment. If he sells the
article for Rs 3450, find his cost price. 100 + 25 5x
a)Rs4000 b)Rs4200 c)Rs4300 d)Rs4125 Then, first selling price = Rs x Rs
100
4. Rishav marks his goods 30% above the cost price but
If he charges Re 1 more and gets 50% profit then
allows 30% discount for cash payment. If he sells the
there exists a relationship.
article for Rs 2730, find his cost price.
a)Rs3500 b)Rs2800 c)Rs2950 d)Rs3000 5x , (100 + 50^1 3x
— +\ x\ —
Answers 4 I 100 J 2
2.d 3.a 4.d
3x 5x .
Rule 64 <*> Y " T = 1
252 P R A C T I C E B O O K ON Q U I C K E R MATHS
at first. Also find the cost price per apple, Soln: Applying the above formula, we have
a) Rs 8.4, Rs 6 b) Rs 8, Rs 6.4 12.5x9x14x2x11
c) Rs 8.4, Rs 8 d) None of these the required answer = Rs 462.
2.5x4x1.5x5
3. A fruit merchant makes a profit of 10% by selling ba-
nanas at a certain price. If he charges Re 1 more on each
Exercise
banana, he would gain 20%. Find what price per banana 1. 5 chairs cost as much as 12 stools, 7 stools as much as 2
did he sell at first. Also find the cost price per mango. tables, 3 tables as much as 2 sofas, if the cost of 5 sofas
a)Rs24,Rs20 b)Rsl2,Rsl0 be Rs 8750, find that of a chair.
c)Rs24,Rsl2 d)Rs20,RslO a)Rs800 b)Rs875
4. A fruit merchant makes a profit of 10% by selling man- c)Rs950 d) Can't be determined
goes at a certain price. I f he charges Re 1 more on each 2. I f 2 horses are worth 3 camels, and 9 camels are worth 10
mango, he would gain 25%. Find what price per mango bicycles and 100 bicycles are worth 3 motor cars, what is
did he sell at first. Also find the cost price per mango. the price of a horse, if a motor car costs Rs 192000?
a)Rs960 b)Rs9600 c)Rs320 d)Rs3200
1 2 3. If 3 cups cost as much as 2 plates and 9 plates as much
a)Rs 8 - , R s 6- b)Rs 8 - R S 6-
3 3 ' 3 3 as 2 kettles and one kettle as much as 3 dishes, what is
the price of a cup, if a dish costs Rs 13.50?
c)Rs 6 y , R S 5- d) Can't be determined a)Rs6 b)Rs3 c)Rs9 d)Rsl2
4. A gets Rs 3 as often as B gets Rs 4, B gets Rs 5 as often
Answers as C gets Rs 6, C gets Rs 8 as often as D gets Rs 15, if A
gets Rs 3.25, what will D get?
l.a 2.c 3.b 4. a
a)Rs9.50 b)Rs9.25
Rule 66 c)Rs9.75 d) Can't be determined
Theorem: The rule of column: x kg of milk costs as much as 5. 10 kg of rice costs as much as 20 kg of wheat, 25 kg of
y kg of rice, z kg of rice costs as much as p kg ofpulse, w kg wheat costs as much as 2 kg of tea, 5 kg of tea costs as
of pulse costs as much as t kg of wheat, u kg of wheat costs much as 25 kg of sugar. Find the cost of 6 kg of sugar if
as much as v kg of edible oil. Ifn kg of milk costs Rs A, then 4 kg of rice costs Rs 32.
a)Rs60 b)Rs50 c)Rs65 d)Rs45
Axxxzxwxuxm
the cost of m kg of edible oil is Rs 6. 20 kg of potato costs as much as 5 kg of tomato, 12 kg of
nxyxpxtxv tomato costs as much as 30 kg of onion, 15 kg of onion
Note: 1 x kg of milk costs as much as y kg of rice, z kg of costs as much as 18 kg of cabbage. I f 10 kg of cabbage
rice costs as much as p kg of pulse, w kg ofpulse costs Rs 50. Find the cost of 24 kg of potato.
costs as much as t kg of wheat, u kg of wheat costs a)Rs90 b)Rs72 c)Rsl08 d)Rs96
as much as v kg of edible oil. If k kg of edible oil Answers
costs Rs B, then the cost of n kg of milk is Rs 1. a; Hint: See Note:
Bxvxtxpxyxn x rupees = 1 chair
kxuxwxzxx 5 chairs = 12 stools
7 stools = 2 tables
Ex.: 9 kg of rice costs as much as 4 kg of sugar, 14 kg of
3 tables = 2 sofas
sugar costs as much as 1.5 kg of tea, 2 kg of tea costs
5 sofas = Rs 8750
as much as 5 kg of coffee. Find the cost of 2.5 kg of
rice, i f 11 kg of coffee costs Rs 462. 1x12x2x2x875 o n n
creases by 25% and he decides to save 20% of his in- value is given as
come, by what per cent has his saving increased? 100
2. When each of the two commodities is sold at the
ja)66-% b) 66^-% c) 33~% d) 3 3 ^ % same price Rs A, and a profit of P % is made on the
first and a profit of L % is made on the second, then
\00(P + L)+2PL
the percentage gain is
i 2.c j.a (IOO + />)+(IOO+Z,)'
Rule 68 Ex: A man sells two articles, each for the same price Rs
500. He earns 25% profit on the first and 15% profit
trim: When each of the two commodities is sold at the
on the second. Find his overall per cent profit.
trice RsA, and a profit of P% is made on thefirst and
Soln: Applying the above theorem, we have
of L % is made on the second, then the percentage
% profit
]Q0(P-L)-2PL
r loss is (]00 + />) + (l00-Z,) a c c o r d i " S to the+ve or 100(25 + 1 5 ) + 2 x 2 5 x l 5 _ 4750
•19.79%
(l00 + 25) + (l00 + 15) ~ 240
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254 P R A C T I C E B O O K ON Q U I C K E R MATH
Rule 70
or, = 100
20 Theorem: A man sells two items for Rs A. The cost price of
thefirst is equal to the selling price of the second. If the first
.-. x = Rs2000
is sold atx% loss and the second aty% gain, then the total
Thus selling price = Rs 2000
Quicker Method: Applying the above rule, we have
100 2
3. A man sells two horses for Rs 1475. The cost price of the a)Rs4000 b)Rs2000 c)Rs4500 d)Rs2500
first is equal to the selling price of the second. If the first 2. A dealer sells a horse for Rs 460, making a profit of 15° c
is sold at 20% loss and the second at 25% gain, what is He sells another horse at a loss of 5%, and on the whole
his total gain or loss (in rupees)? he makes neither profit nor loss. What did the secon;
a) Rs 60 loss b) Rs 60 gain horse cost him?
c) Rs 80 gain d) Neither gain nor loss a)Rsl200 b)Rsl250
4. A man sells two horses for Rs 11900. The cost price of c)Rsll00 d) None of these
the first is equal to the selling price of the second. If the 3. A dealer sells an ox for Rs 1260, making a profit of 2 0 V
first is sold at 30% loss and the second at 25% gain, He sells another ox at a loss of 10%, and on the whole he
what is his total gain or loss (in rupees)? makes neither profit nor loss. What did the second ox
a) Rs 600 loss b) Rs 700 loss cost him?
c) Rs 750 gain d) Rs 700 gain a)Rs2000 b)Rs2200
5. A man sells two horses for Rs 1760. The cost price of the c) Rs 2100 d) Data inadequate
first is equal to the selling price of the second. If the first 4. A dealer sells a goat for Rs 260, makjng a profit of 30 > c
is sold at 24% loss and the second at 25% gain, what is He sells another goat at a loss of 20%, and on the whole
his total gain or loss (in rupees)? he makes neither profit nor loss. What did the second
a) Rs 40 gain b) Rs 40 loss goat cost him?
c) Rs 60 loss d) Neither loss nor gain a)Rs300 b)Rs360 c)Rs350 d)Rs290
5. A dealer sells a table for Rs 405, making a profit o f ?
Answers ;
Now, at 20% discount, the selling price = Rs (100 - 20) individual cost price of the cow and the calf.
= Rs80 Soln: Quicker Method: (i) For cost of cow:
Thus his % profit Cow Calf
(1) 110%+ 125% = 760
80-75 500 20
XlOO: (2) 125%+ 110% = 767.5
75 75 3
Quicker Method: Applying the above rule 125% of 767.5 -110% of 760
Cost of cow
(l25%) -(l!0%)
2 2
the required % profit = (l 00 + 20^ ' ' ' ' ' ' •100
1 2
100-10
5-x 767.5 - — x 760
320 20 4 10
-100 = -100 = — = 6 - %
1.90 3 3 3 ' (1.25) -(L1)
2 2
Exercise
1. I f a discount of 15% is given on the marked price of an
959.375-836 123.375
article, the shopkeeper gets a profit of 30%. Find his % Rs350.
profit if he offers a discount of 30% on the same article. (l.25 + l . l X l . 2 5 - l . l ) 2.35x0.15
(ii) For cost of calf:
a) 7 — % c) 1 7 - % d) 17-9Vo Cow Calf
' 17 (1) SP 110%+ 125% = 760
(2) SP 125%+110% 767.5
If a discount of 12—% is given on the marked price of
125% of 760 -110% of 767.5
an article, the shopkeeper gets a profit of 25%. Find his Cost of calf=
(125%) -(110)
2 2
•>
vidual cost price of the horse and the mule.
a) 4 — % b) 4 - % z) 4 — % a) Rs 590.74, Rs 540.74 b) Rs 590.84, Rs 540.84
; 19 ; 19 4
c) Rs 580.74, Rs 550.74 d) Can't be determined
If a discount of 15% is given on the marked price of an
2. A farmer sold a cow and a ox for Rs 800 and got a profit
article, the shopkeeper gets a profit of 25%. Find his %
of 20% on the cow and 25% on the ox. If he sells the cow
profit if he offers a discount of 20% on the same article.
and the ox for Rs 820 and gets a profit of 25% on the cow
0/
1 0 0 0/
3 0 0 o/ 3 0 0 and 20% on the ox, find the individual cost price of the
a) b) %
7 % d) 17 %
W
17 c) 7 % _ / cow and the ox.
If a discount of 20% is given on the marked price of an a) Rs 530.6, Rs 130.6 (Approx)
article, the shopkeeper gets a profit of 30%. Find his % b) Rs531.5,Rsl35.5(Approx)
profit if he offers a discount of 25% on the same article. c) Rs 515.6, Rs 115.6 (Approx)
d) Cannot be determined
a) 2 1 - % b)ll-% c) 2l -% 7
d)ll-% Answers
l.a 2.a
\nswers
i. a 2.c 3.d 4.d 5.c Rule 74
Theorem: An article is sold at a certain price. If there is a
Rule 73 1
Ex: A farmer sold a cow and a calf for Rs 760 and got a
profit of 10% on the cow and 25% on the calf. I f he loss of x% when the article is sold at — of the previous
sells the cow and the calf for Rs 767.50 and gets a selling price, then the percentage profit is [n(\0 - x) -100]
profit of 25% on the cow and 10% on the calf, find the
or [«(l 00 - % loss)-100].
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deceives the seller by x% and on selling, he deceives the pen by 2 times. Initial gain per cent is given as 5%. Find
customer byy%, then the overall per cent gain in the whole out the new gain per cent.
"(l00 + ;r)(l00 + y ) a) 10% b) 110% c)170% d) 140%
transaction is -100 2. A shopkeeper increases the original selling price of a
100
pen by 2 times. Initial gain per cent is given as 15%. Find
Illustrative Example out the new gain per cent.
Ev: A shopkeeper, on purchasing, deceives the seller by a) 130% b)30% c)140% d)40%
20% and on selling, deceives the customer by 30%. 3. A shopkeeper increases the original selling price of a
What is the overall per cent gain in the whole trans-
action? pen by 3 times. Initial gain per cent is given as 2—% .
- 'In:
Applying the above theorem, we have
Find out the new gain per cent.
(100 + 20X100 + 30)--100 = 56% a) 192°, b)207.5% c) 193.5% d) 194.5%
7o gain :
100 4. A shopkeeper increases the original selling price of a
Exercise pen by 2 times. Initial gain per cent is given as 20%. Find
out the new gain per cent,
1. A shopkeeper, on purchasing, deceives the seller by
a) 120% b)20% c)140% d)40%
10% and on selling, deceives the customer by 5%. What
is the overall per cent gain in the whole transaction? Answers
a) 15.5% b) 15% l.b 2.a 3.b 4.c
c) 25.5% d) Neither lose nor gain
E A shopkeeper, on purchasing, deceives the seller by Rule 78
15% and on selling, deceives the customer by 10%. What Theorem: If a person sells ri\ of the property at Xi %
is the overall per cent gain in the whole transaction?
a) 26.25% b)26.6% c)26.5% d)26% gain, n partof the property at x
2 2 % gain and the remain-
? A shopkeeper, on purchasing, deceives the seller by
ing part at x % loss, then the over all gain or loss per cent
3
Exercise
1. A merchant buys 1260 kg of corn, — of which he sells at
I A shopkeeper increases the original selling price of a
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260 P R A C T I C E B O O K ON Q U I C K E R MATHS
Answers
a)20% b) 3 3 y % C ) 16_|% d)25%
t 1 „ 1 5 107
l.a; Hint: % profit = 5 X 4 + 8 X 3 + 1 2 x ] 2 ~ ~KT
= 2. I f a merchant estimates his profit as 15% of the selling
price, what is his real profit per cent?
From the question,
107 a) 1 7 — % b) 1 1 — % c)17—% d)7—%
10% - % = Rs 27.30 ; 17 ; 17 ; 17 ; 17
12 3. I f a merchant estimates his profit as 5% of the selling
price, what is his real profit per cent?
or, — % = Rs 27.30
12
a) 5—% M 6—%
2730x12 >
a 1 9 u> 1 9
c ) 5 ii % d ) l 9 j9 %
2. b; Hint: % profit = y * 5 + ^ - x l 0 + ^-x 12 + ^ x 1 6 5. I f a merchant estimates his profit as 30% of the selling
price, what is his real profit per cent?
103
% a)42|% b) 43-|% C ) « | % d)43^-%
To"
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Profit and Loss
Rule 80 Exercise
Theorem: If a merchant, by selling his goods, has a loss of 1. By selling 15 metres of cloth, I gain the selling price of 7
x%, of the selling price, then his real loss per cent on the metres. Find the gain per cent.
a) 77.5% b)87.5% c)37.5% d) None of these
xlOO 2. By selling 75 metres of cloth, I gain the selling price of 25
cost price is
100 + ; metres. Find the gain per cent.
262 P R A C T I C E B O O K ON Q U I C K E R MATHS
100
a) 24% b)20% c)25% d) Can't be determined (Marked Price - Selling Price = Customer's saving on
marked price due to discount) = Rs 80, given)
Answers
A(\00-x)
l.c 2.b 3.a 4.b A-- Rs 80
100
Rule 83 or, A = Rs500
Theorem: If a merchant, by selling N articles, gains or loses 500(100-16)
.-. Selling Price = 1 =Rs420.
the cost price ofn articles, the gain or loss per cent is given
have (lOO-xXlOO + y )
20 + 30
Illustrative Example
the required per cent profit = I j QQ - •20 xlOO
Ex: A shopkeeper sold certain articles at Rs 425 each af-
ter giving 15% discount on labelled price. Had he not
= - x l 0 0 = 62.5% given the discount, he would have earned a profit of
8 25% on the cost price. What was the cost price of
i
each article?
Exercise
Soln: Detail Method:
1. Jeevan bought an article with 30 per cent discount on
the labelled price. He sold the article with 12 per cent 425x100
profit on the labelled price. What was his per cent profit Labelled price of the article = • Rs 500
85
on the price he bought? [Bankof BarodaPO 1999] Let the cost price be Rs x
a) 40 b)50 c)60 d) Data inadequate Now, according to the question,
264 P R A C T I C E B O O K ON Q U I C K E R MATHS
a)Rs500 b)Rs520 c)Rs480 d)Rs490 proximate total selling price? [Guwahati PO 1999]
4. A shopkeeper sold almirahs at Rs 166 each after giving a) Rs 28000 b)Rs 29000 c)Rs31000 d)Rs 28500
17% discount on labelled price. Had he not given the 2. A garment company declared 12% discount for whole-
discount, he would have earned a profit of 25% on the sale buyers. Mr Mohan bought garments from the com-
cost price. What was the cost price of each almirah? pany for Rs 8800 after getting discount. He fixed up the
a)Rsl65 b)Rsl55 c)Rsl60 d)Rsl64 selling price of garments in such a way that he earned a
5. A shopkeeper sold beds at Rs 1134 each after giving profit of 4% on original company price. What is the ap-
19% discount on labelled price. Had he not given the proximate total selling price?
discount, he would have earned a profit of 40% on the a) Rs 10400 b)Rs 14000
cost price. What was the cost price of each bed? c) Rs 10800 d) Data inadequate
a)Rsll00 b)Rsl000 c)Rsl050 d)Rs900 3. A garment company declared 17% discount for whole-
sale buyers. Mr Sameer bought garments from the com-
Answers
pany for Rs 1660 after getting discount. He fixed up the
l.d 2.c 3.a 4.c 5.b
selling price of garments in such a way that he earned a
Rule 87 profit of 7% on original company price. What is the ap-
proximate total selling price?
A certain company declares x per cent discount for whole-
sale buyers. If a person buys articles from the company for a)Rs2130 b)Rs2140 c)Rs2410 d)Rs2310
Rs A after getting discount. He fixed up the selling price of 4. A garment company declared 14% discount for whole-
the articles in such a way that he earned a profit y% on sale buyers. Mr Sujeet bought garments from the com-
original company price. Then the total selling price is given pany for Rs 860 after getting discount. He fixed up the
selling price of garments in such a way that he earned a
100 + y profit of 6% on original company price. What is the ap-
byRs proximate total selling price?
100-x
a)Rsl060 b)Rsll60
Illustrative Example c)Rs960 d) Can't be determined
Ex: A garment company declared 15% discount for whole-
Answers
sale buyers. Mr Sushil bought garments from the com-
l.c 2.a 3.b 4. a
pany for Rs 8500 after getting discount. He fixed up
selling price of garments in such a way that he earned
Rule 88
a profit of 10% on original company price. What is
A shopkeeper sold an article for Rs A after giving x% dis-
the total selling price?
count on the labelled price and madey% profit on the cost
Soln: Detail Method:
price. Had he not given the discount, the percentage profit
8500x100
Original company price = JQQ _ 15 = R s lu 000. x+ y
xlOO per cent.
would have been
100-x
Let the total selling price be Rs x.
Now, according to the question, Illustrative Example
Ex: A shopkeeper sold an article for Rs 400 after giving
^ 9 0 x 1 0 0 = 10 20% discount on the labelled price and made 30%
10000
profit on the cost price. What would have been the
or, lOOx-1000000 =100000
percentage profit, had he not given the discount?
or, x = Rs 11000.
Soln: Detail Method:
.-. total selling price = Rs 11000.
Quicker Method: Applying the above rule, we have 400x100
Labelled price = = Rs500
100 + 10 80
the total selling price : x 8500 = R 11000.S
Exercise Exercise
1. A shopkeeper sold an article for Rs 720 after giving 10% 1. I f bananas are bought at the rate of 24 for a rupee, how
discount on the labelled price and made 20% profit on many must be sold for a rupee in order to gain 20%?
the cost price. What would have been the percentage a)20 b) 18 c)22 d) 16
profit, had he not given the discount? 2. If apples are bought at the rate of 39 for a rupee, how
[GuwahatiPO!999] many must be sold for a rupee in order to gain 30%?
a) 33 b)36 c)30 d) None of these
a) 25% b)23% c) 3 3 y % d)28%
3. If mangoes are bought at the rate of 56 for a rupee, how
A shopkeeper sold an article for Rs 750 after giving 20% many must be sold for a njpee in order to gain 40%?
discount on the labelled price and made 40% profit on a) 44 b)42 c)43 d)40
the cost price. What would have been the percentage 4. I f oranges are bought at the rate of 27 for a rupee, how
profit, had he not given the discount? many must be sold for a rupee in order to gain 35%?
a) 75% b)85% c)60% d)70% a) 26 b)25 c)20 d)24
A shopkeeper sold an article for Rs 880 after giving 12% 5. I f bananas are bought at the rate of 46 for a rupee, how
discount on the labelled price and made 32% profit on many must be sold for a rupee in order to gain 15% 9
the cost price. What would have been the percentage a) 40 b)30 c)35 d)45
profit, had he not given the discount? Answers
a) 25% b)35% c)40% d)50%
l.a 2.c 3d 4.c 5. a
A shopkeeper sold an article for Rs 860 after giving 14%
discount on the labelled price and made 29% profit on Miscellaneous
the cost price. What would have been the percentage 1. An article when sold for Rs 200 fetches 25 per cent profit.
profit, had he not given the discount? What would be the percentage profit/loss i f 6 such ar-
a) 50% b)60% c)45% d)55% ticles are sold for Rs 1056? [BSRB Calcutta PO, 1999)
A shopkeeper sold an article for Rs 210 after giving 16% a) 10 per cent loss b) 10 per cent profit
discount on the labelled price and made 5% profit on the c) 5 per cent loss d) 5 per cent profit
cost price. What would have been the percentage profit, e) None of these
had he not given the discount?
2. A shopkeeper gave an additional 20 per cent conces-
a) 50% b)25% c)30% d)20%
sion on the reduced price after giving 30 per cent stan-
A shopkeeper sells a TV set for Rs 16560 at 10% dis-
dard concession on an article. I f Arun bought that ar-
count on its marked price and earns 15% profit. I f no
ticle for Rs 1120, what was the original price?
discount is offered, then what will be his present per
[BSRB Calcutta PO, 1999]
cent profit? [BSRB Patna PO 2001 ]
a)Rs3000 b)Rs4000 c)Rs2400
d) Rs 2000 e) None of these
a) ?j
2 b)22| c) 25 — d) Data inadequate 3. A shopkeeper bought 150 calculators at the rate of Rs
250 per calculator. He spent Rs 2500 on transportation
Answers and packing. I f the marked price of calculator is Rs 320
be 2. a 3.d 4. a 5.b 6. a per calculator and the shopkeeper gives a discount of
5% on the marked price then what will be the percentage
Rule 89 profit gained by the shopkeeper?
Theorem: If an item is bought at the rate of X items for a [BSRB Hyderabad PO, 1999[
-upee, then the number of items sold for a rupee in order to a) 20% b) 14% c) 15%
d) 16% e) None of these
100
gain x% is X 4. An article when sold for Rs 960 fetches 20% profit. What
100 + x would be the per cent profit or loss i f 5 such articles are
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268 P R A C T I C E B O O K ON Q U I C K E R MATHS
17*
= ( * - 1 5 % o f JC) = RS
20 IfSPisRs 100,MP = Rs [^ xl00 J =Rsl25.
400 20 375 25
Discount received by retailer = (15% of Rs 2000) Diff. between two SP = Rs i o o ~ -
v J = R s _
= Rs300.
18. b; Let original price = Rs 100. 25
Price after 1 st discount = Rs 90. I f diff. is Rs — ,SP = Rsl00
i 8 0 n n )
Price after 2nd discount = Rs | "J^Q" I = Rs 72. Ifdiff.isRs500, SP = Rs 100x — x500 = Rs8000.
x 9 0
V 25
22. a; Suppose the price of 1 mango be x paise
Price after 3rd discount = Rs [ x 7 2 J = Rs 43.20
1500
Number of mangoes for Rs 15
.-. Single discount = (100 -43.20) = 56.8%.
19. d; Let the marked price be Rs x.
4*
Then, (7% of x) -15 = (5% of x) New price of one mango = (80% of x) = — paise.
Ix 5x ..
or 'Too Tcw _ = 1 5 o r x = 7 5 0 - 1500x5
Number of mangoes for Rs ' ^ -
20. a; Let the printed price of the book be Rs 100. 4x
After a discount of 10%, SP = Rs 90.
7500 1500 ,„
Profit earned = 12%.
.-. — = 12orx = 31.25
4* *
, ioo n n 1125
Rs
.-. CP of the book = Rs I yyy * 90 14 .-. Cost of 16 mangoes before reduction
1125 f 31.25x16^1
Hence, (CP): (Printed price) = — — : 100 or 45 : 56
= R s { ioo J = R s 5 -
21. d; Let SP of TV (by trader) = Rs 100. 23. a; Let CP per kg be Rsx. Then,
IfSP isRs80, MP = Rs 100. x- 10% of* = 5.40 or* = 6.
.-. SP = Rs [6 + 20% of 6] = Rs 7.20