How do you calculate profit and loss on an article?

Formula: Loss = Cost price (C.P.) – Selling Price (S.P.) Profit or Loss is always calculated on the cost price. Marked price: This is the price marked as the selling price on an article, also known as the listed price.

How much profit was made on the sale of 120 chairs?

Sol: 120 chairs were sold at a profit of Rs. 50 each. Profit on these 120 chairs = 6000. But these 320 chairs were sold at a profit of 20 \%. S. P. = 1.2 × C.P ⇒ 320 × 1.2 × C.P = 120 × C. P. + 39600 ⇒ 384 C.P = 120 C.P + 39600 ⇒ C. P. = 150.

What is the difference between profit and loss in accounting?

Profit or Gain: If the selling price is more than the cost price, the difference between them is the profit incurred. Loss: If the selling price is less than the cost price, the difference between them is the loss incurred. Profit or Loss is always calculated on the cost price.

What is the decrease in profit percentage if the cost increases?

If the cost further increases by 20\% but the selling price remains the same, how much is the decrease in profit percentage? Let us assume CP = Rs. 100. Then Profit = Rs. 80 and selling price = Rs. 180. The cost increases by 20\% → New CP = Rs. 120, SP = Rs. 180. Profit \% = 60/120 * 100 = 50\%. Therefore, Profit decreases by 30\%.

How do you calculate profit decrease by 30\%?

Let us assume CP = Rs. 100. Then Profit = Rs. 80 and selling price = Rs. 180. The cost increases by 20\% → New CP = Rs. 120, SP = Rs. 180. Profit \% = 60/120 * 100 = 50\%. Therefore, Profit decreases by 30\%. Question 4: A man bought some toys at the rate of 10 for Rs. 40 and sold them at 8 for Rs.

What is the cost price of 10 articles = selling price?

The cost price of 10 articles is equal to the selling price of 9 articles. Find the profit percent. We know that the cost price of 10 article = selling price of 9 article 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.

How much profit does a shopkeeper make if he makes 35\%?

Hence, if he makes a profit of 35\% on the second, it comes to a total of 20\% profit on the whole. Question 8: A shopkeeper allows a discount of 10\% on the marked price and still gains 17\% on the whole. Find at what percent above the cost price did he mark his goods.

What is the gain and loss of selling two articles?

If two articles are sold for the same selling price. On selling the first article, a man gains x\% and on selling the other article he lose x\%, in such cases there will be always loss, and Loss\% = x2/100 or (Common gain and loss)2/100 1) A TV manufacturer sells two televisions at Rs.9900 each.

What is the profit/loss percentage of selling 25\% of sugar?

By selling 25\% of a quantity of sugar a person earns 40\% profit, While on the remaining quantity he incurs a loss of 20\%. Find the overall profit/loss percentage. If You Have Any Queries, Feel Free to Ask us in the below Comment Section.

What is the net percent profit if two articles are sold?

If two articles are sold for the same selling price. On selling the first, the gain is x\% and on selling the second the gain is y\%, then net \% profit 1) A man sold two articles for Rs.600 each. On selling first, he gains 20\%, and on the other, he gains 30\%.

What is the profit obtained by selling an article for 56?

1. The profit obtained by selling an article for Rs. 56 is the same as the loss obtained by selling it for Rs. 42. What is the cost price of the article? a. Rs. 40

How much profit does a retailer make by selling two articles?

A retailer sold two articles at a profit percentage of 10\% each. The cost price of one article is three – fourth that of the other. Find the ratio of the selling price of the dearer article to that of the cheaper one

Why is there a loss on sale of goods?

Since total selling price is less than total cost price, so there is a loss. ∴ Santosh suffered a loss of Rs 50 in this transaction. Abraham bought goods worth Rs 50000 and spent Rs 7000 on transport and octroi. If he sold the goods for Rs 65000, did he make a profit or a loss? How much?

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