Q1 of 35 Page 175

Let us fill up the following table:

Formula used.


Loss/profit percent = × 100


Profit = Selling price – Cost price


Loss = Cost price – Selling price


(1). Cost price = Rs. 500 Profit %= 25


Loss/profit percent


25 = ×100


Profit = 25×5= Rs. 125


Selling price = Cost price + Profit


Selling price = Rs. 500 + Rs. 125 = Rs. 625


(2). Cost price = Rs. 300 Loss %= 7


Loss/profit percent = × 100


7 = ×100


Loss = 7×3= Rs. 21


Selling price = Cost price – Loss


Selling price = Rs. 300 – Rs. 21 = Rs. 279


(3). Cost price = Rs. 1250 Loss %= 8


Loss/profit percent = × 100


8 = ×100


Loss = 2×50= Rs. 100


Selling price = Cost price – Loss


Selling price = Rs. 1250 – Rs. 100 = Rs. 1150


(4). Selling price = Rs. 23000 Profit %= 15


Loss/profit percent = × 100


15 = ×100


Profit = Rs.


Selling price = Cost price + Profit


Rs. 23000 = Rs. x + Rs. = Rs.


x = 20000


Profit = = 3000


More from this chapter

All 35 →