Q2 of 94 Page 12

Fill up the appropriate boxes and leave the rest.

1. Cost price = 320

Selling price = 384


Since selling price < Cost price


Profit = Selling Price - Cost price


= 384 – 320 = 64


Profit % =


=


= 20%


2. Cost price = 2500


Selling price = 2700


Since selling price < Cost price


Profit = Selling Price - Cost price


= 2700 – 2500 = 200


Profit % =


=


= 8%


3. Cost price = 380


Selling price = 361


Since selling price > Cost price


Loss = Cost price - Selling Price


= 380 – 361 = 19


loss % =


=


= 5%


4. Cost price = 40


Loss = 2


Loss = Cost price - Selling Price


Selling Price = Cost price – Loss


= 40 – 2 = 38


loss % =


=


= 5%


5. Cost price = 5000


Profit = 500


Profit = Selling Price - Cost price


Selling Price = Cost price + Profit


= 5,000 – 500 = 5,500


Profit % =


=


= 10%


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