What is Profit & Loss
If the selling price is less than the cost price, there is loss.
Loss = Cost Price – Selling Price
If selling is more than the cost price then there is Profit
Profit = Selling Price – Cost Price
a) 1%
b) 2%
c) 3%
d) 4%
Answer: Option D
Explanation:
So we have C.P. = 27.50
S.P. = 28.60
Gain = 28.60 – 27.50 = Rs. 1.10
a) 100
b) 250
c) 200
d) 124
Ans : C
Explanation:
He bought bananas for rupees 1000
Hence,
Cost Price = 1000
Selling Price = 800
Cost Price is Greater than selling price. Therefore, Suraj suffer a loss.
Loss = Cost Price – Selling Price
Loss = 1000 – 8000
= 200
hence Suraj suffered loss of Rs. 200 in this transaction.
a) 2100
b) 1900
c) 2020
d) 2000
Ans: D
Explanation:
The cost price of 500 kg rice is Rs.22000.
Selling Price of 500 kg of rice is = 500 * 48 = Rs. 24000
Selling priceis greater than cost price.
Therefor, there is a profit.
Profit = Selling Price – Cost Price
24000 – 22000
=2000
In This Transaction, Ran made a profit of Rs. 2000.
a) 100
b) 450
c) 100
d) 500
Answer: d
Explanation:
Hence,
Cost Price= 2000, Selling Price = 2500
Selling price is the greater than the Cost Price.
Therefore, there is profit.
Profit = Selling Price – Cost Price
= 2500 – 2000
= 500
a) 10000
b) 12600
c) 12800
d) 11458
Answer: c
Explanation:
Total expenses while buying the machine
= Cost of machine + Octroi + Transport + Porterage
= 75000 + 1500 + 600 + 100
= Rs. 77200
That is Total cost price is Rs. 77200
Profit = Selling Price – Total Cost Price
=90000 – 77200
= Rs. 12800
Sudha Made Profit of 12800 in this transaction