SS MATHS ACADEMY – 9894703201 / 7904389447

TNSET 2024 – PART A

PROFIT AND LOSS

IMPORTANT TERMS

• Cost Price (C.P.) - Price when purchased

• Selling Price (S.P.) - Price when sold
• Profit or Gain - If S.P. > C.P.
• Loss - If S.P. < C.P.

FORMULAS
DATA 1 DATA 2 QUESTION ANSWER
C.P. S.P. Profit Profit = S.P. – C.P.
C.P. S.P. Loss Loss = C.P. – S.P.
C.P. Profit S.P. S.P. = C.P. + Profit
C.P. Loss S.P. S.P. = C.P. – Loss
S.P. Profit C.P. C.P. = S.P. – Profit
S.P. Loss C.P. C.P. = S.P. + Loss

1
 SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

FORMULAS

DATA 1 DATA 2 QUESTION ANSWER

𝐒. 𝐏. – 𝐂. 𝐏.
C.P. S.P. Profit % 𝐏𝐫𝐨𝐟𝐢𝐭 % = ( ) × 𝟏𝟎𝟎%
𝐂. 𝐏.

𝐂. 𝐏. – 𝐒. 𝐏.
C.P. S.P. Loss % 𝐋𝐨𝐬𝐬 % = ( ) × 𝟏𝟎𝟎%
𝐂. 𝐏.

C.P. Profit % S.P. 𝐒. 𝐏. = (𝟏𝟎𝟎 + 𝐏𝐫𝐨𝐟𝐢𝐭)% 𝐨𝐟 𝐂. 𝐏.

C.P. Loss % S.P. 𝐒. 𝐏. = (𝟏𝟎𝟎 − 𝐋𝐨𝐬𝐬)% 𝐨𝐟 𝐂. 𝐏.

𝟏𝟎𝟎
S.P. Profit % C.P. 𝐂. 𝐏. = × 𝐒. 𝐏.
𝟏𝟎𝟎 + 𝐏𝐫𝐨𝐟𝐢𝐭

𝟏𝟎𝟎
S.P. Loss % C.P. 𝐂. 𝐏. = × 𝐒. 𝐏.
𝟏𝟎𝟎 − 𝐋𝐨𝐬𝐬

2
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

EXAMPLES
1. A merchant had a loss of ₹ 250 on selling an item for
₹ 1000. At what price did the merchant bought that item?
a) 750 b) 1100 c) 1250 d) 1500
Solution:

2. A shopkeeper sold provisions to a customer and had a

gain of ₹ 1500. If the shopkeeper bought the provisions
for ₹ 15000, find the selling price of the provisions?
a) 3000 b) 1000 c) 16500 d) 13500
Solution:

3
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

3. Raju purchased a car for ₹ 2,50,000 and sold it for

₹ 348000. What is the percent profit he made on the car?
a) 39.2% b) 40% c) 39% d) 50%
Solution:

4. If the S.P. is ₹ 2272 and C.P. is ₹ 2516, find loss percent?

a) 9.69% b) 10% c) 9% d) 5%
Solution:

4
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

5. Find the Selling Price of an item if it is bought for ₹ 56.25

and sold at 20% profit.
a) ₹ 70 b) ₹ 69.5 c) ₹ 67.5 d) ₹ 90
Solution:

6. Find the Selling Price of an item if it is bought for ₹ 80.40

and sold at 15% loss.
a) ₹ 75 b) ₹ 68.34 c) ₹ 77.5 d) ₹ 70
Solution:

5
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

7. A gold bracelet is sold for ₹ 14500 at a loss of 20%. What

is the cost price of gold bracelet?
a) ₹ 20000 b) ₹ 16120 c) ₹ 15600 d) ₹ 18125
Solution:

8. The owner of a cell phone charges his customer 23% more

than the cost price. If a customer paid ₹ 7011 for a cell
phone, then what was the cost price of the cell phone?
a) ₹ 5700 b) ₹ 6000 c) ₹ 6200 d) ₹ 5800
Solution:

6
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

9. A television manufacturer earns 20% profit by selling each

T.V. set for ₹ 14400. If the production cost is increased by
15%, what should be the new selling price of a set so as to
gain 15%?
a) ₹ 17000 b) ₹ 15870 c) ₹ 15600 d) ₹ 16250
Solution:

7
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

10. A book was sold for ₹ 27.50 with a profit of 10%. If it were
sold for ₹ 25.75, what would have been the percentage of
profit or loss?
a) 1% b) 2% c) 3% d) 5%
Solution: