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Profit and Loss | Profit and Loss Exercise 10B

Question 4

A cellphone was marked at 40% above the cost price and a discount of 30% was given on its marked price. Find the gain or loss percent made by the shopkeeper

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let us consider the CP of goods as x

The market price of the goods when goods marked above the 40% CP is

Market price = x + (40x/100) = 140x/100 = 1.4x

So the Discount = 30%

Discount amount = 30% of 1.40x = 0.42x

∴ The SP = Market price – Discount

= 1.4x – 0.42x= 0.98x

Since SP is less than CP it’s a loss

We know that, Loss = CP – SP

= x – 0.98x = 0.02x

∴ Loss % = (Loss × 100)/ CP

= (0.02x × 100)/ x

= 2%

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Our top 5% students will be awarded a special scholarship to Lido.

subject-cta

Question 4

A cellphone was marked at 40% above the cost price and a discount of 30% was given on its marked price. Find the gain or loss percent made by the shopkeeper

Looking to do well in your science exam ? Learn from an expert tutor. Book a free class!

let us consider the CP of goods as x

The market price of the goods when goods marked above the 40% CP is

Market price = x + (40x/100) = 140x/100 = 1.4x

So the Discount = 30%

Discount amount = 30% of 1.40x = 0.42x

∴ The SP = Market price – Discount

= 1.4x – 0.42x= 0.98x

Since SP is less than CP it’s a loss

We know that, Loss = CP – SP

= x – 0.98x = 0.02x

∴ Loss % = (Loss × 100)/ CP

= (0.02x × 100)/ x

= 2%

Our top 5% students will be awarded a special scholarship to Lido.

subject-cta
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