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Profit, Loss and Discount

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Introduction: The cost price, at which value an item is bought, is called the purchase price of that item.

 

Selling Price: The price at which an item is sold is called the sale-value of that item.

 

Profit: If the sale price of an item is higher than its purchasing value, then there is profit.


 

Loss: If the purchase price of an item is higher than its sales price, then there is a loss.

 

Profit Percent: Profit Percentage Per 100 Rupees Percent is called.

 

Loss Percent: A loss percentage is a percentage loss per 100 rupees.

 

Overrun Expense: In order to bring the goods to the proper place, the expenditure on the sale of the goods to the seller, on the basis of freight, train rent, porter-hire, rickshaw-hire, shop rent, shop staff salary etc. They have to do, they are all overhead. Unless otherwise stated in the question, the overhead is included in the purchase price of the object.
Note: Profit or loss is always drawn to the purchasing value of the item

 

Discount: The discount given by the seller on the face value of an item is called discount.

 

Successive Discount: After giving a r1% discount on the face value of an item, the remaining amount of R2% is waived, then after deducting r2%, the remaining amount is r3% Exempt, then r1%, r2% and r3% are called sequential discount

 

FORMULA :

 

Example – 1. Manoj bought 20 kg of rice at the rate of 8.50 per kg and 30 kg of rice at the rate of 10.50 per kg. He sold both the rice together at a rate of Rs. 11.50 per Kg. How much money did it get?
Tricky Solution:
Purchase-Price = (20 × 8.50 + 30 × 10.50) Rs  = Rs 485
Sales-value = (50 × 11.50) Rs  = 575
Profit = (575 – 485) Rs = 90 Rs. Answer.

 

Example – 2. A shopkeeper buys 25 kg of apples at a rate of 4 rupees per kg. If it sells 11 kg of apple at Rs 5 per kg and the remaining 3 rupees per kg, then how much money does it cost?
Tricky Solution:
Purchase-Price = (25 × 4) Rs = 100 Rs
Sales-value = (11 × 5 + 14 × 3) Rs = 97
Loss = (100-97) Rs = 3 Rs Answer.

 

 

Example-4. A person buys an item for Rs 80, but it marks its value at Rs 120. If he sells it at 40% discount, then what is his profit or loss percentage?
Tricky Solution:
Purchase-Price = Rs 80
Sales-value = (60% of 120) Rs = (120 × 60/100 ) Rs = 72
Loss = (80 – 72) rupees = 8 rupees
Loss% = ( 8/80 × 100)% = 10% Answer.

 

Example – 5. What would be the purchase price of that horse which would have earned a profit of Rs 235 for selling in 1785?
Tricky solution:
Purchase-price = sales-value – profit
= (1785 – 235) Rs = 1550 Rs.Answer.

 

Example – 6. A table was sold for Rs. 180 at a loss of Rs. 20. What was the price of that table?
Tricky solution: Purchase-price = sales-value + loss
= (180 + 20) Rs = 200 Rs Answer

 

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Objective type Questions, Notes for Govt Exams, current affairs, general knowledge, hindi objective questions, English objective questions, Mathematics objective Questions, Reasoning Objective Questions, study material for IBPS, study material for banks, study material for SSC, study material for DSSSB, Aptitude objective type Questions, Solved Question papers, Notes, Study Material, general knowledge questions and answers, gk questions and answers, hindi questions and answers, English questions and answers , mathematics questions and answers, reasoning questions and answers, current affairs questions and answers, general knowledge questions and answers for competitive Exams, gk questions and answers for competitive Exams, hindi questions and answers for competitive Exams, English questions and answers for competitive Exams, Mathematics questions and answers for competitive Exams, reasoning questions and answers for competitive Exams, current affairs questions and answers for competitive Exams, Railway jobs, banking job, corporate jobs, government jobs, govt jobs, private jobs, CPO, PCS, RRB, CDS, UPSC,Notes, Online Tests, practice sets, questions and answers with explanation for competitive examination, entrance test, Railway, IBPS, SSC, DSSSB, PCS, Banking for hindi, english, mathematics, reasoning, gk, current affairs and many more.





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