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Chapter 2: Percentages, Profit and Loss

Refresher Material
Percentages:
A student gets 20 marks out of 30 in an examination, and then we express this information as follows. If the student got 20 marks
when the total marks were 30 what would he have got if the total marks were 100?
The amount to this question is = 66.66%.
The person of finding the answer to the question what is the value if total in 100 is what leads is to percentage. This if we say
student scored 66.66 percent it means if total is 100 then student got 66.66 marks.
Equivalence between fraction and percentage
Fraction
1
1/2
1/3
1/4
1/5
1/6
1/7
1/8
1/9
1/11

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Equivalence percentage
100%
50%
33.33%
25%
20%
16.67%
14.28%
12.5%
11.11%
9.09%

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Percentage Change
If a quantity A is increased by 'x' then percentage increase =

If a quantity is increased by a% then new value is given by

new

Value is given by

similar if a quantity is decreased by a% then

If a quantity is increased by a% and then further by b% these percent change given are equivalent to a single percent change given
by

%
Similarly if there is a successive decrease of a% followed by b% then effective percentage decrease is

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Selling Price, Marked Price and Cost Price

Selling price
(SP) is the price at which an article is sold cost price is the price at which an article is bought. If SP > CP then the difference SP
CP is known as the profit, P P = SP CP
and if SP < CP then the difference CP SP is known as loss, L L = CP SP

Profit Percentage P% =

Loss Percentage L% =

Marked price.
The price which is displayed on the tag of the article is known as marked price.
Generally the SP is less then the marked price (MP) the difference MP SP is known as discount D

Discount %, D% =

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Solved Example

Question
A shopkeeper sells sugar for Rs 25 per kg and makes a profit of 20%. If he sells the sugar for Rs 22.50 per Kg find his profit?
Solution
Let the cost price CP of sugar be Rs x per Kg then SP = CP + Profit

But Profit =

SP =
25 = CP (1.2)

CP =
Hence profit when SP is 22.50 Rs/ Kg
= 1.67 Rs/Kg

Profit % =

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Question
A men sells 2 pens Rs 100 each at a profit of 10% and another at a loss of 10% find his overall project or loss percentage.
Solution
If the cost price of the 2 pens be x an y respectively then using profit %

in case of project

CP =

And CP =

in case of loss

and y =

Hence x =

x=

we get

and y =

Total CP of both pens =

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Total loss =

Loss % =
= 1%
Note: In case 2 article are sold at same selling price one at a profit of a% another are at loss of a% then there is overall loss on the
whole out lay and loss percentage is given by

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