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13. Profit, Loss, Discount and Value Added Tax (VAT)
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Q1 of 70 Page 13

A student buys a pen for Rs 90 and sells it for Rs 100. Find his gain and gain percent.

Cost price of pen = Rs. 90


Selling price of pen = Rs. 100


Hence,


Gain = selling price – cost price = 100 – 90 = Rs. 10


Gain% =


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2

Rekha bought a saree for Rs 1240 and sold it for Rs 1147. Find her loss and loss percent.

3

A boy buys 9 apples for Rs 9.60 and sells them at 11 for Rs 12. Find his gain or loss percent.

4

The cost price of 10 articles is equal to the selling price of 9 articles. Find the profit percent.

5

A retailer buys a radio for Rs 225. His overhead expenses are Rs 15. If he sells the radio for Rs 300, determine his profit percent.

Questions · 70
13. Profit, Loss, Discount and Value Added Tax (VAT)
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