Profit and Loss | Profit and Loss Exercise 10B

Question

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

Accepted Answer

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%

Profit and Loss | Profit and Loss Exercise 10B

Chapters in Mathematics class 8th RS Aggarwal

Exercises in Profit and Loss

Question 4