Q. 1: Suppose a shopkeeper has bought 1 kg of apples for 100 rs. And sold it for Rs. 120 per kg. How much is the profit gained by him?
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Solution:
Cost Price for apples is 100 rs.
Selling Price for apples is 120 rs.
Then profit gained by shopkeeper is ;
P = SP โ CP
P = 120 โ 100
P = Rs. 20/-
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Q.2: For the above example calculate the percentage of the profit gained by the shopkeeper.
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Solution:
We know,
Profit percentage = (Profit /Cost Price) x 100
Therefore,
Profit percentage = (20/100) x 100
Profit Percentage = 20%.
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Q.3:ย A man buys a fan for Rs. 1000 and sells it at a loss of 15%. What is the selling price of the fan?
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Solution:ย
Cost Price of the fan is Rs.1000
Loss percentage is 15%
As we know,
Loss percentage = (Loss/Cost Price) x 100
15 = (Loss/1000) x 100
Therefore,
Loss = 150 Rs.
As we know,
Loss = Cost Price โ Selling Price
So, Selling Price = Cost Price โ Loss
= 1000 โ 150
Selling Price = R.850/-
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Q.4: If a pen cost Rs.50 after 10% discount, then what is the actual price or marked price (MP) of the pen?
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Solution:
Since, we know;
MP โ D = SP
where MP is marked price, D is discount, SP is selling price.
Percentage discount, D% =ย D/MP xย 100
โย D = (D% xย MP)/100
Substitute the value of D in the above formula.
MP โ (D% xย MP)/100ย = SP
MP xย (100-D%)/100ย = SP
Putting the given values in the formula
MP x (100 โ 10) /100 = 50
MP x (90/100) = 50
MP = (50 x 100)/90
MP = Rs. 55.55/-