Profit or Loss

➢ Cost Price: The price paid by the purchaser for buying the article is called cost price of the article.
➢ Selling Price: The price at which article is sold by the seller is called selling price of the article.
➢ Profit: The article is said to be sold at profit, if its selling price more than its cost Price.
Profit = Selling price – Cost price
➢ Loss: The article is said to be sold at loss, if its selling price is less than its cost price.
Loss = Cost price – Selling price
𝑃𝑟𝑜𝑓𝑖𝑡 𝐿𝑜𝑠𝑠
➢ Percentage: 𝑃𝑟𝑜𝑓𝑖𝑡 % = × 100 , 𝐿𝑜𝑠𝑠 % = × 100
𝐶𝑜𝑠𝑡 𝑝𝑟𝑖𝑐𝑒 𝐶𝑜𝑠𝑡 𝑝𝑟𝑖𝑐𝑒
➢ Relation between Selling price and Cost price
100 + 𝑃𝑟𝑜𝑓𝑖𝑡 𝑃𝑒𝑟𝑐𝑒𝑛𝑡𝑎𝑔𝑒
𝑆𝑒𝑙𝑙𝑖𝑛𝑔 𝑝𝑟𝑖𝑐𝑒 = 𝐶𝑜𝑠𝑡𝑝𝑟𝑖𝑐𝑒 ×
100
100 − 𝐿𝑜𝑠𝑠 𝑃𝑒𝑟𝑐𝑒𝑛𝑡𝑎𝑔𝑒
𝑆𝑒𝑙𝑙𝑖𝑛𝑔 𝑝𝑟𝑖𝑐𝑒 = 𝐶𝑜𝑠𝑡𝑝𝑟𝑖𝑐𝑒 ×
100
➢ Mark up and Discount:
𝑀𝑎𝑟𝑘𝑒𝑡 𝑃𝑟𝑖𝑐𝑒 = 𝐶𝑜𝑠𝑡𝑝𝑟𝑖𝑐𝑒 + 𝑀𝑎𝑟𝑘𝑢𝑝
𝑆𝑒𝑙𝑙𝑖𝑛𝑔 𝑃𝑟𝑖𝑐𝑒 = 𝑀𝑎𝑟𝑘𝑒𝑡 𝑝𝑟𝑖𝑐𝑒 − 𝐷𝑖𝑠𝑐𝑜𝑢𝑛𝑡
1. A man buys an article for ₹2500 and sells it for ₹3000. Find the gain percentage?
a) 20% b) 25% c) 33.33% d) 50%
2. Sanjay bought a bicycle for ₹8000. He sold it for ₹400 less after 2 years. Find the loss percentage.
a) 10% b) 4% c) 5% d) 6%
3. A Mobile costing ₹7500 is sold at 25% Profit. Find its Selling price?
a) ₹10000 b) ₹9500 c) ₹9375 d) ₹10775
4. By selling a book for ₹1000, 25% Profit was earned. What is the Cost price of book?
a) ₹750 b) ₹800 c) ₹775 d) None of these
5. An article is sold for ₹1800 and hence loss 10% of the cost price. Find the cost Price.
a) ₹1600 b) ₹1620 c) ₹1980 d) ₹2000
6. A man bought an old Mobile for ₹12500. He spent ₹2500 on its repairs. He then sold it for
₹14000. Find his gain or loss percentage.
a) Loss 6.67% b) Gain 6.67% c) Loss 10% d) Gain 10%
th
7. If the selling of a book is 4/3 of its Cost price, then Profit percentage in the transaction is?
a) 20% b) 16.67% c) 25% d) 33.33%
8. The cost price of 25 wrist watches is equal to the selling price of 20 wrist watches. Find the loss or
gain percent.
a) loss 20% b) gain 20% c) loss 25% d) gain 25%
9. If the Cost price of 20 items equal Selling price of 25 items then what is Profit or Loss percent?
a) loss 20% b) gain 20% c) loss 25% d) gain 25%
10. Some article was bought at 10 articles for ₹11 and sold at 11 articles for ₹10. Find Loss percent?
a) 30% b) 17.35% c) 22% d) 18.65%
11. A man sells two wrist watches at 600 each on one he gains 20% and on the other he losses 20%
find his gain or loss percent on the whole
a)4% loss b)4.16% loss c)4% profit d) No Loss, No Profit
12. A man bought a house for ₹150000 and sold it to B at 20% profit and B sold it to C at 20% loss.
Find the amount paid by C.
a) ₹144000 b) 150000 c) 140000 d) None of these
13. A washing machine was sold at ₹15,480 after giving successive discounts of 14% and 25%
respectively. What was the marked price
a) ₹25,000 b) ₹23,000 c) ₹20,000 d) ₹24,000
14. An article is Sold at 10% loss. Had been sold for Rs30 more, the loss would have been 5% only.
What is the cost Price of the article?
 a) ₹400 b) ₹300 c) ₹200 d) ₹100
15. A shopkeeper buys articles at 10% discount and sells them at 35% higher than the marked price.
What is his Profit percentage?
a) 50% b) 35% c) 25% d) 45%

Practice question:
1. An article is sold for ₹990 and hence gain 10% of the Selling price. Find the cost Price.
a) ₹891 b) ₹910 c) ₹900 d) ₹1000
2. The cost price of 24 notebooks is equal to the selling price of 18 notebooks. Find the gain percent
a)24% b)33 1/3 % c)16% d)12%
3. A man sells eggs @ 10 eggs for ₹7, gaining 40%. How many eggs did he buy for ₹7?
a) 10 b) 12 c) 13 d) 14
4. Two discounts of 40% and 20% equal to a single discount of?
a) 60% b) 48% c) 52% d) None of these
5. A trader buys an article for ₹1200 and marks it 30% above the C.P. He then sells it after allowing
a discount of 20%. Find the profit percentage.
1
a) 5% b) 4% c) 4 % d) 6%
2
Answer key

1.A 2.C 3.C 4.B 5.B 6.A 7.D 8.D 9.A 10.B

11.B 12.A 13.D 14.C 15.A

Practice Questions

1.A 2.B 3.D 4.C 5.B