Profit and Loss Problems and Solutions - GMAT Maths Tutorial - MBA Crystal Ball

Profit and Loss Problems and Solutions | GMAT Maths Tutorial | MBA Crystal Ball http://www.mbacrystalball.
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Profit and Loss problems are directly relevant for not only entrance exams (like GMAT, GRE, best MBA programs
CAT), but also for the MBA syllabus like Accounting, Financial Statements and more. In this in the world
article we cover the basic definitions, formulas, solved examples and wrap it up with some
practice questions. Masters in Financial
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Profit and Loss | Definitions, Formulas, Solved Problems in Singapore
Basic Definitions and Formulas

Guide to Masters
Cost price (C.P.): This is the price at which an article is purchased. Degree programs
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Profit and Loss Problems and Solutions | GMAT Maths Tutorial | MBA Crystal Ball http://www.mbacrystalball.com/blog/2015/09/11/profit-and-loss-problems-solutions/
Selling price (S.P.): This is the price at which an article is sold.
Profit or Gain: If the selling price is more than the cost price, the difference between them
is the profit incurred. Best MBA Books
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Formula: Profit or Gain = S.P. – C.P.
Loss: If the selling price is less than the cost price, the difference between them is the loss Get the best-selling
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Formula: Loss = Cost price (C.P.) – Selling Price (S.P.)
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Profit or Loss is always calculated on the cost price. shattered the hype.
Read more.
Marked price: This is the price marked as the selling price on an article, also known as the
listed price.
Business Doctors
Discount or Rebate: This is the reduction in price offered on the marked or listed price.
Below is the list of some basic formulas used in solving questions on profit and loss: What happens when the
Management Consulting
Gain % = (Gain / CP) * 100 world meets the
Loss % = (Loss / CP) * 100 Underworld? Read more
SP = [(100 + Gain%) / 100] * CP
SP = [(100 – Loss %) / 100]*CP

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E-book
The above two formulas can be stated as,
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If an article is sold at a gain of 10%, then SP = 110% of CP. MBA TIPS

FOR TOP B-SCHOOLS
If an article is sold at a loss of 10%, then SP = 90% of CP.

Go to the Free ebook
CP = [100 / (100 + Gain%)] * SP download page.
CP = [100 / (100 – Loss%)] * SP
Profit and Loss: Solved Examples Our Flagship Products
Question 1: An article is purchased for Rs. 450 and sold for Rs. 500. Find the gain percent. MBA MAP
Solution:
What are your chances
Gain = SP – CP = 500 – 450 = 50. of getting into the best
Gain% = (50/450)*100 = 100/9 % MBA programs? Also,
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Question 2: A man sold a fan for Rs. 465. Find the cost price if he incurred a loss of 7%.
Solution: Career Counselling

CP = [100 / (100 – Loss %)] * SP
Take charge of your
Therefore, the cost price of the fan = (100/93)*465 = Rs. 500
professional life. Find
out what's holding you
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Question 3: In a transaction, the profit percentage is 80% of the cost. If the cost further do about it. Read more
increases by 20% but the selling price remains the same, how much is the decrease in profit
3 of 35 6/11/2017, 9:19 PM
percentage? Freebies for you
Solution: Free GMAT Practice

Test
Let us assume CP = Rs. 100.
Then Profit = Rs. 80 and selling price = Rs. 180. Free Profile
Evaluation
The cost increases by 20% → New CP = Rs. 120, SP = Rs. 180.
Profit % = 60/120 * 100 = 50%. Free Career

Counselling
Therefore, Profit decreases by 30%.
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Question 4: A man bought some toys at the rate of 10 for Rs. 40 and sold them at 8 for Rs. 35.
Find his gain or loss percent. Free Career
Guidance Tool
Solution:
Cost price of 10 toys = Rs. 40 → CP of 1 toy = Rs. 4.
Selling price of 8 toys = Rs. 35 → SP of 1 toy = Rs. 35/8 Blog Topics
Therefore, Gain = 35/8 – 4 = 3/8. GMAT Preparation
Gain percent = (3/8)/4 * 100 = 9.375%

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Consultants
Question 5: The cost price of 10 pens is the same as the selling price of n pens. If there is a
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loss of 40%, approximately what is the value of n? MBA Admissions
Solution:
MBA Financing
Let the price of each pen be Re. 1.
MBA General
Then the cost price of n pens is Rs. n and
the selling price of n pens is Rs. 10. MBA Interviews
Loss = n-10.
MBA Jobs & Careers
Loss of 40% → (loss/CP)*100 = 40
Masters Degree
Therefore, [(n-10)/n]*100 = 40 → n = 17 (approx)
Question 6: A dishonest merchant sells his grocery using weights 15% less than the true
weights and makes a profit of 20%. Find his total gain percentage.
Solution:
Let us consider 1 kg of grocery bag. Its actual weight is 85% of 1000 gm = 850 gm.
Let the cost price of each gram be Re. 1. Then the CP of each bag = Rs. 850.
SP of 1 kg of bag = 120% of the true CP
Therefore, SP = 120/100 * 1000 = Rs. 1200
Gain = 1200 – 850 = 350
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Hence Gain % = 350/850 * 100 = 41.17%
Question 7: A man bought two bicycles for Rs. 2500 each. If he sells one at a profit of 5%,
then how much should he sell the other so that he makes a profit of 20% on the whole?
Solution:
Before we start, it’s important to note here that it is not 15% to be added to 5% to make it a total
of 20%.
Let the other profit percent be x.
Then, our equation looks like this.
105/100 * 2500 + [(100+x)/100] * 2500 = 120/100 * 5000 → x= 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.
Solution:
Let the cost price be 100. Then SP = 117.
Let the marked price be x.
So, 90% of x = 117 → x = 130.
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Therefore, he marked his goods 30% above the cost price.
Question 9: A shopkeeper offers a discount of 20% on the selling price. On a special sale day,
he offers an extra 25% off coupon after the first discount. If the article was sold for Rs. 3600,
find
1. The marked price of the article and
2. The cost price if the shopkeeper still makes a profit of 80% on the whole after all discounts
are applied.
Solution:
Let the marked price of the article be x.
First a 20% discount was offered, on which another 25% discount was offered.
So, 75% of 80% of x = 3600
75/100 * 80/100 * x = 3600 → x = 6000.
So the article was marked at Rs. 6000.
Cost price of the article = [100/(100+80)]*3600 = Rs. 2000.
It is important to note here that this DOES NOT equal to a 45% discount on the whole. When
different discounts are applied successively, they CANNOT be added.
Profit and Loss Quiz: Practice Questions
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68 Comments
Babban says: Reply
February 5, 2016 at 9:52 am
one person sold his radio at 10% loss. if he had sold for rs 45 more he would
9 of 35 6/11/2017, 9:19 PM
have made 5% profit. for how much did he sell the radio?
ans with explanation plz.
rakesh kumar urwasha says: Reply
May 3, 2016 at 8:41 pm
x/90 = (x+45)/105
x= 270
U M SUDHAKAR BABU says: Reply
May 23, 2016 at 10:02 pm
In this problem, always asked for to find CP.because there

are to SPs in the problem
Formula
CP- (more gain/diff in %’s)*100
sujit halder says: Reply
May 27, 2017 at 11:53 am
let cp=100
then sp=90
therefore (90+45)-100=5%
10 of 35 6/11/2017, 9:19 PM
then 100%=700(cp)
to gain 5% profit he would sell at 700+(700*5/100)=735
sidharth says: Reply
May 25, 2016 at 6:11 pm
If profit% of A and B are same on selling the articles at 2400 each ,

but A calculate his profit on s.p. while B calculate it on c.p. This
profit is equal to 25% each . what is the difference between their
profit?
Plssss rply fassst
Shriyanka says: Reply
September 2, 2016 at 8:22 pm
i guess it shud be rs 120
saby says: Reply
July 26, 2017 at 1:28 am
Let Cost price of A and B are a , b respectively.

Now for A ,
2400-a/2400 = 25/100
11 of 35 6/11/2017, 9:19 PM
After calculating a = 1800
Again for B,
2400-b/b = 25/100
after calculation b = 1920
So profit of A = 600(2400 – 1800)

and Profit of B = 480(2400-1920)
Hence difference between their profit = 120
Hope this will help
Kanika says: Reply
January 13, 2017 at 6:17 pm
A incurred loss of 600 while B earned a profit of 480. So

over all difference is 1080. however difference in
magnitude is 120
Musa Ezaz says: Reply
October 8, 2016 at 12:38 am
300 is answer (I think)
12 of 35 6/11/2017, 9:19 PM
shikha soni says: Reply
there is an formula for the rs. more…

(sell more/profit-(-loss) )*100
45/15 *100
rs.300
Pankaj pandey says: Reply
May 8, 2017 at 9:05 pm
Profit % – loss % = 45/-

5% -(-10 %) = 45/-
15% is equivalent to 45/-
So 100% is equivalent to 300/-
So he sell the radio at 10% loss = 270/-
Gaurav Sapkota says: Reply
June 29, 2017 at 11:41 am
Soln, Here,
In first Case,
Let the Sp be Rs. x
13 of 35 6/11/2017, 9:19 PM
Loss percent(L%)= 10%
C.P1= 100/100-L%*sp
=100/100-10*x
=10/9x
In second case,
Sp=Rs.(45+x)
P%=5%
Cp2=100/100+5*(45+x)
=100/105*45+x)
=4500+100x/105
We know that, In both cases the cp is equal ,

so, 10/9x=4500+100x/105
or,1050x=40500+900x
or,1050x-900x=40500
or,150x=40500
or,x=40500/150
or,x=Rs.270
Thus, The Selling price is Rs. 270.
Mani says: Reply
February 5, 2016 at 5:02 pm
14 of 35 6/11/2017, 9:19 PM
Let C.P be X , S.P is 0.9 X . To have profit of 5% New S.P should be 1.05X.
This should be equal to 0.9X+45=1.05X. Solving this the value of X=300.
he sold his radio for = 0.9*300= Rs. 270
KHAN says: Reply
April 20, 2017 at 3:17 pm
Q) one person sold his radio at 10% loss. if he had sold for rs 45
more he would have made 5% profit. for how much did he sell the
radio?
ans with explanation plz.
Answers:
1) x/90 = (x+45)/105
x= 270
2) there is an formula for the rs. more…

(sell more/profit-(-loss) )*100
45/15 *100
rs.300
MY ANSWER IS 300 SAMAE AS THE SECOND SOLUTION. NOT

SURE WHICH ONE IS CORRECT
would some one help me with this please
15 of 35 6/11/2017, 9:19 PM
fenny says: Reply
February 22, 2016 at 3:51 pm
A VCR is sold at a profit of 20%. If CP & SP each be less by 1000 there would
be an increase in profit by 5/3%. Find CP of VCR?
akriti sood says: Reply
April 18, 2016 at 3:42 pm
let c.p be x then sp =1.2x

let new cp be x-1000 and new sp be 1.2x-1000 and new profit is
20+5/3 = 65/3%
so,1.2x-1000=(100+65/3)/1000*(x-1000)
from which x comes out to be 13000
Shauqeen says: Reply
March 13, 2016 at 3:14 pm
A man sells his product ata loss of 8%. If his SP is Rs.27600, what is his
actual loss and his cost price?
Kalai says: Reply
16 of 35 6/11/2017, 9:19 PM
June 15, 2016 at 6:53 pm
CP=30000, he lost 2400 rs..
rajat srivastava says: Reply
May 18, 2016 at 1:02 am
On the basis of selling price of an article, the loss is calculated to be 2%. The
percentage of loss on the basis of cost price is
Shriyanka says: Reply
it will be 1.96%
Pankaj says: Reply
September 22, 2016 at 10:15 am
cp of two article is 4200 if one article is sold at 15% profit

and other at 10% loss then what would be cp of first article
kapil gahatraz says: Reply
17 of 35 6/11/2017, 9:19 PM
June 11, 2016 at 6:52 pm
An article when sold at a profit of 5% yields Rs 15 more than when sold at a

loss of 5%. Find The Cost Price?
k says: Reply
July 5, 2016 at 9:05 am
let cp=x so sp=1.05x for 5% profit

sp=0.95x for 5% loss
profit sp=loss sp + 15
1.05x = 0.95x + 15
so x = 150
Babi says: Reply
June 14, 2016 at 11:34 am
A goes to nasik to buy an article costing 15%less than that in Bombay. He

spends Rs. 150 on travelling and gains Rs. 150 after its sale in bombay. His
profit % is.???
Radar says: Reply
18 of 35 6/11/2017, 9:19 PM
July 6, 2016 at 6:55 pm
A shopkeeper buys a thing at 10 % more and sells it at 10% less. Find hits
profit percent
Aastha says: Reply
June 24, 2017 at 1:03 am
Lets say that he purchased at a price of 110, considering actual price

of the thing is 100 rs.
He sold it at a discount of 10%= 100×0.9= 90rs.
So, He incurred a loss of 20 rs.
Loss %tage= (20/110)*100=Approx. 20%
else
He sold it at a discount of 10%= 110×0.9= 99rs.
Loss %tage= (11/110)*100=10%
komal says: Reply
30% profit on sp is what % on cp ?
19 of 35 6/11/2017, 9:19 PM
veerababu says: Reply
let sp=100 and profit=30 then cp=70 so p%={30/70}*100=42.85%
Shashi says: Reply
A man made a loss of 4% on an article he had sold for RS.240 more he had
made a profit of 8% find the cost price of the article. Pls solve
shamera says: Reply
assume cost price as x

c.p=100x
s.p=1oo-4=96x,s.p=100+8=108x
108x-96x=240
12x=240
x=240/12
x=20
therefore c.p=100*20
c.p=2000
20 of 35 6/11/2017, 9:19 PM
dharmit says: Reply
A man sold his bicycle for Rs 810; losing one-ninth of its selling price, find:
(i) The loss (ii) the cost price of the bicycle (iii) the loss percent
Aastha says: Reply
June 24, 2017 at 1:21 am
S.P= 810 Rs.

S.P+Loss= C.P
Loss=(1/9)*S.P= 90 Rs.
hence, C.P= 900 Rs.
Loss %tage= (90/900)*100= 10%
Richa says: Reply
If an article is sold at 5% discount then he earns 25% profit. What profit will
he earn if he gives no discount?
Aastha says: Reply
21 of 35 6/11/2017, 9:19 PM
June 24, 2017 at 1:32 am
Consider the article has an original C.P= 100 Rs.

for 25% Profit, S.P= 125
Marked price= (S.P/ 95%)= approx 131 rs.
Ofcourse, when no discount is given, the profit he earns is 31 rs. i.e.

6 Rs. more.
sefat says: Reply
October 6, 2016 at 10:23 pm
“A certain suits price was reduced by 25% in the first week and 20% in the
next week . In the third week, the shop owner decided to offer additional 10%
discount on the suit. What percent of the regular price was the final price of
the suit after the two reductions?”
Aastha says: Reply
June 24, 2017 at 1:48 am
75%*80%=60%
60% discount was offered at regular price. Which means Final Price
= 60% discount on Regular.
NOTE: this result is at the end of 2 reductions.
60%*90%=54%
22 of 35 6/11/2017, 9:19 PM
54% discount is offered after 3rd reduction.
nagendra says: Reply
October 16, 2016 at 6:15 pm
A sum of Rs 40,000 annual simple interest rate of 10 percent at the end of 5

years the total amount is given. Rs 92 960 by the end of the 5th Vsn gives So
tell your full repay the amount he had at the end of 2 years.
Bianca917 says: Reply
November 3, 2016 at 6:28 pm
the cost price of a book is $450 if the book is sold at a discount of 10%on its
marked price then the profit per cent is 20%fin the marked price of the book
Aastha says: Reply
June 24, 2017 at 1:55 am
We Know, S.P= (1+profit%)*C.P

hence, S.P= 1.2*450= 540 Rs.
Also, 90% Marked Price= S.P

Marked Price= 540/90% = 600
23 of 35 6/11/2017, 9:19 PM
Hence Marked Price= Rs. 600
Antim patidar says: Reply
December 6, 2016 at 2:02 pm
If a person purchase two cows at a cost of rs 4200,then he sold one at a profit

of 15% and other at a loss of 10%,but in this business he did not get any profit
and loss…what will be the cost price of each cow?
24 of 35 6/11/2017, 9:19 PM
Aastha says: Reply
June 24, 2017 at 2:11 am
Let’s Say the C.P1 of one cow= Rs. X

Its, S.P1= (1.15*x) Rs.
Also, C.P2 of the other cow= Rs. (4200-x) … as total C.P= Rs. 4200
Its, S.P2= (0.9*(4200-x)) Rs.
But, as NO Loss or Profit incurred.

S.P1+ S.P2= C.P
4830-1.15x+0.9x= 4200
0.25x= 630
x= (630/0.25)= 2520
Hence, the C.P of 1st cow is Rs. 2520 and the 2nd cow is 1680 Rs.
Prix says: Reply
Find the selling price of the cost price is rs 1200 and loss percent is 25%
25 of 35 6/11/2017, 9:19 PM
kranthi kumar says: Reply
March 8, 2017 at 11:46 am
s.p=900
Aastha says: Reply
June 24, 2017 at 1:57 am
S.P= C.P* 75%= 900Rs.
Manaa says: Reply
Mr chowdhary purchased a house for Rs 6.1 lac and spent by Rs 30000 on its
repairs.He then sold it for Rs 8 lac.Find his gain percentage??
Aastha says: Reply
June 24, 2017 at 2:02 am
Total Expenditure on the House= C.P= 6.1 Lac+30, 000= 6.4 lac
S.P= 8 Lac
Profit= S.P- C.P= 1.6 Lac
Profit Percentage= (1.6Lac/6.4 Lac)*100= (1/4)*100= 25%
26 of 35 6/11/2017, 9:19 PM
Gain %tage= 25%
Aarshna says: Reply
a man sold a camerafor rs2570 and made a loss of 180.?at what price did he
purchase a camera?
vidyA says: Reply
2570+180=2750
Madhavarao says: Reply
An electric item is sold at a profit of 16℅.if it were sold for 20rs more, there
would have been a profit of 20℅.the cost price of the item is?
Aastha says: Reply
June 24, 2017 at 2:17 am
27 of 35 6/11/2017, 9:19 PM
Say C.P of the electric item= Rs. x

Hence, S.P = 1.16x
Now, when S.P+20, profit is 20%

Thus, 1.16x+20= 1.2x
20= 0.04x
x=500 Rs.
Cost Price of the item is Rs. 500. And to gain 16%, S.P= 580 Rs.
whereas for 20%= 580+20=600.. As suggested.
Anil tanwar says: Reply
December 23, 2016 at 7:39 am
If a man buys a book for ₹36,which is available on 40% discount off the
original price.what is the original price of the book?
Please tell me
Aastha says: Reply
June 24, 2017 at 2:20 am
C.P for Man= 36 Rs.

Price after discount of 40% is 36.
Say the Marked Price= x
x= 36/0.6= 60Rs.
28 of 35 6/11/2017, 9:19 PM
The original Price of the book is 60 Rs.
Abhay kumar says: Reply
January 13, 2017 at 11:56 am
PlSe solve this if c.p of an item is 115 and s.p is 120 then find gain% and Ans
is 12 1/2
Mohammad gaush says: Reply
January 17, 2017 at 5:06 am
Answer is incorrect
kranthi kumar says: Reply
March 8, 2017 at 11:42 am
ans is :100/23
Aastha says: Reply
June 24, 2017 at 2:26 am
Profit Margin= S.P-C.P
29 of 35 6/11/2017, 9:19 PM
= 120-115
=5
Thus, %Profit= (5/C.P)= (5/115)*100= 4.3% or Approx 4%
anil says: Reply
January 14, 2017 at 11:33 am
a man sells a car to his friend at a loss of 2.5% who again sells it for Rs 40950
making a profit of 5% what was initial value of the car
shrashti says: Reply
March 7, 2017 at 3:08 pm
CP1= 100/97.5 X SP1

SP1=CP2
CP2= 100/105 X 40950 = 39000
SO, CP1= 100/97.5 X 39000 = 40000
rahul says: Reply
a person sells 15 things in 30 Rs and earn 10% profit. if he sells similar 10
30 of 35 6/11/2017, 9:19 PM
things in Rs 25, then what will be his percentage loss or gain ?
March 7, 2017 at 2:58 pm
SP is rs 30 & p% is 10%
Thus, CP= 30X100/110 = 300/11
Now, SP is rs 25
So, P= SP-CP=300/11 – 25=25/11
P%=25/11 X 11/300 X100 = 25/3%
baba says: Reply
January 21, 2017 at 11:30 am
An article is sold at a discount of 5% on the list price. If no discount was

given on the list price the profit would have been 20%. What is the profit
percent in transaction? Please solve it.
Aastha says: Reply
June 24, 2017 at 2:54 am
Say C.P originally of the Article is Rs. 100

To achieve a profit of 20% , List Price= Rs. 120
31 of 35 6/11/2017, 9:19 PM
Now, 95% of List Price= S.P.

Hence, S.P= 120*0.95= 114 Rs.
Profit Percentage in transaction= (14/100)*100= 14%
March 7, 2017 at 2:46 pm
An article is marked 17% above its CP. The profit gets increased by Rs288,
when SP of this article is increased by 20%. If the marked price of the article
is Rs1404, what is the original SP of the article?
Anil says: Reply
May 16, 2017 at 11:40 pm
By selling 33 books, a shopkeeper get profit equals to cost price of 11 books.

Find his profit/loss%?
Aastha says: Reply
June 24, 2017 at 3:11 am
Say C.P of 1 book= 1 Re.

C.P of 11 books= Rs. 11 and similarly C.P of 33 books= rs. 33
32 of 35 6/11/2017, 9:19 PM
Now, Profit= S.P- C.P

=x-33= 11
S.P of 33 books= 44 Rs.
Profit %tage= (11/33)*100= 1/3%
arindam says: Reply
May 23, 2017 at 9:41 pm
Rohit marks his goods at 40% above the cost price but allows a discount of
5% for cash payment to his customers.what actual profit does he make if he
receives Rs 1064 after allowing the discount
pl solve this problem
Aastha says: Reply
June 24, 2017 at 3:19 am
Here, Rohit Sold his goods at a final price of 1064, i.e S.P
Now, 95% of Marked Price= S.P
Marked Price= (S.P/0.95)= 1064/0.95= Rs. 1120.
Now, For customer, 1120 Rs. was the actual seen Price over which
5% discount was offered.
Given that Marked Price= 40% more than C.P
Hence, C.P= 1120/1.4= 800Rs.
33 of 35 6/11/2017, 9:19 PM
Profit= (264/800)*100= 33%
dilip says: Reply
July 6, 2017 at 8:40 pm
10 मोमबती को बेचने पर 1 आदमी 3 पेनो के बकय मूलय के बराबर लाभ कमाता है आैर
10 पेन को वेचने पर उसे 4 मोमबती के वकय मूल के वरावर हाान होती है लाभ पतशत
आैर हाान पतशत का सखया मान सामान है मोमवती का कय मूलय पेन के कय मूलय का
आधा हो तब मोमबती तथा pen के वकय मूलय का अनुपात "ात #किजय
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Profit and Loss Problems and Solutions | Featured Articles

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Basic Definitions and Formulas

Selling price (S.P.): This is the price at which an article is sold.

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SP = [(100 + Gain%) / 100] * CP

SP = [(100 – Loss %) / 100]*CP

If an article is sold at a gain of 10%, then SP = 110% of CP. MBA TIPS

If an article is sold at a loss of 10%, then SP = 90% of CP.

CP = [100 / (100 – Loss%)] * SP

Profit and Loss: Solved Examples Our Flagship Products

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Profit % = 60/120 * 100 = 50%. Free Career

Cost price of 10 toys = Rs. 40 → CP of 1 toy = Rs. 4.

Selling price of 8 toys = Rs. 35 → SP of 1 toy = Rs. 35/8 Blog Topics

Therefore, Gain = 35/8 – 4 = 3/8. GMAT Preparation

Gain percent = (3/8)/4 * 100 = 9.375%

loss of 40%, approximately what is the value of n? MBA Admissions

the selling price of n pens is Rs. 10. MBA Interviews

SP of 1 kg of bag = 120% of the true CP

Therefore, SP = 120/100 * 1000 = Rs. 1200

Gain = 1200 – 850 = 350

Hence Gain % = 350/850 * 100 = 41.17%

Let the other profit percent be x.

Then, our equation looks like this.

105/100 * 2500 + [(100+x)/100] * 2500 = 120/100 * 5000 → x= 35.

Let the cost price be 100. Then SP = 117.

Let the marked price be x.

So, 90% of x = 117 → x = 130.

Therefore, he marked his goods 30% above the cost price.

1. The marked price of the article and

Let the marked price of the article be x.

So, 75% of 80% of x = 3600

75/100 * 80/100 * x = 3600 → x = 6000.

So the article was marked at Rs. 6000.

Cost price of the article = [100/(100+80)]*3600 = Rs. 2000.

Profit and Loss Quiz: Practice Questions

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Babban says: Reply

February 5, 2016 at 9:52 am

ans with explanation plz.

rakesh kumar urwasha says: Reply

May 3, 2016 at 8:41 pm

U M SUDHAKAR BABU says: Reply

May 23, 2016 at 10:02 pm

In this problem, always asked for to find CP.because there

sujit halder says: Reply

May 27, 2017 at 11:53 am

sidharth says: Reply

May 25, 2016 at 6:11 pm

If profit% of A and B are same on selling the articles at 2400 each ,

Plssss rply fassst

Shriyanka says: Reply

September 2, 2016 at 8:22 pm

i guess it shud be rs 120

saby says: Reply