CHAPTER 2

PROFIT AND LOSS

(NOTE-2)
WORD PROBLEMS-GAIN % AND LOSS %

1) A book is published and the CP of the book is printed as ₹ 60. A

bookseller sold it for ₹ 78. Find his gain%.

CP of the book =
₹60 SP of the book =
₹ 78
Gain= SP-CP =₹ 78-₹ 60 = ₹ 18
𝑔𝑎𝑖𝑛
Gain % 𝐶𝑃
X100
=
18
= × 100 = 30%
60

2) Sheethal bought a dozen pencils ₹ 24 and sold each pencil at a rate

of ₹ 78. What is her gain%?

A dozen pencils=12
pencils 12 pencils rate =
₹24
24
So rate of one pencil = = ₹ 2
12

Therefore, CP= ₹ 2

SP= ₹ 2.50

PROFIT = SP-CP= 2.50-2=₹ 0.50

𝑔𝑎𝑖𝑛
Gain % = X100
𝐶𝑃
0.50
= × 100 = 25%
2

3) Deepak bought a table for ₹ 5000 and sold it for ₹ 4700. Find the
loss % CP = ₹ 5000
SP = ₹ 4700
 LOSS= CP-SP
=₹ 5000-₹ 4700=₹ 300
𝐿𝑂𝑆𝑆
LOSS 𝐶𝑃
× 100
%= 300 × 100 = 6%
=
5000

PRACTICE
WORK
EXERCISE:
2.3
QN.NO: 4 ,5

WORD PROBLEMS-FINDING CP

100
FINDING × 𝑆𝑃 (PROFIT GIVEN IN THE
100+𝑃𝑅𝑂𝐹𝐼𝑇 %
CP = QUESTION)

100
FINDIND CP= × SP (LOSS GIVEN IN THE QUESTION)
100−𝐿𝑂𝑆𝑆 %

1) A television was sold at a price of ₹ 6300; with a loss of 10%.

Find the cost price of the television?

100
CP= × SP
100−𝐿𝑂𝑆𝑆%

100
= × 6300
100−10

=100 × 6300
90

=₹ 7000
2) A cell phone was sold at a price of ₹ 5600; with a gain of 12%.
Find the cost price of the cell phone?

100
CP=
100+𝑃𝑅𝑂𝐹𝐼𝑇 %
× 𝑆𝑃

100
= × 5600
100+12

100
= ×5600
112

=₹ 5000

3) If the selling price of a motorbike was ₹ 51000 which was sold at

a loss of 15%, find the cost price of the motorbike?

100
CP= × SP
100−𝐿𝑂𝑆𝑆%

100
= × 51000
100−15

=100 × 51000
85

=₹ 60,000

PRACTICE WORK
EXERCISE:2.4
QN.NO:4, 5

WORD PROBLEMS-FINDING SP

1) Ajmal bought a box for ₹ 120 and sold it at a profit of 20%. Find
the selling price of the box.
CP= ₹ 120
PROFIT%=20%
 SP = CP(100+PROFIT%)
100
= 120(100+20)
100
=120 X 120
100
= 144

2) Joseph bought a fridge for ₹ 15650 and sold it at a loss of 20%.

Find the selling price of the fridge?

CP=₹ 15650
LOSS% =20%
SP = CP(100-LOSS%)
100
=15650(100-20)
100
= 15650 X 80
100
=12520

3) Rahul bought a dining table for ₹ 5400 and sold it at a loss of

16%. Find the SP of the dining table

CP=₹ 5400
LOSS % = 16%
SP = CP(100-LOSS%)
100
=5400(100-16)
100
=5400 X 84
100
=4536
PRACTICE WORK
EXERCISE:2.5
QN.NO:4, 5