Questions to Practice Profit and Loss for CLAT 2020
Questions to Practice Profit and Loss for CLAT 2020
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Questions to Practice Profit and Loss for CLAT 2020If Archie has invested Rs. 7543 in a recycling business from the Rs. 10000 received from his father. He invested the rest of money in the textile business. If he incurred the profit of 35% in the textile business and loss of 25% in the recycling business, calculate the total loss/ profit value? Pandey wooden shop marked a wooden table at Rs. 5500 and sold it at a discount of 30%. At the same price, the same table was sold at Sharma Wooden shop where it is marked at Rs. 7500. Find the discount percentage at Sharma wooden shop. To avail the profit of 45%, the fridge which is bought at Rs.56000 and Rs 7800 is incurred on its repair, should be sold at what price? The shopkeeper mixed 50 Litres of Sanitizer A which is bought at Rs. 800 per litre with the70 Litres of sanitizer B which is bought at Rs. 500 per Litre and sold the final mixture at Rs. 600 per litre. Calculate the Profit/ Loss percentage? The 30 m. Curtain cloth bought at Rs. 70 per metre is sold at the profit of 78%. Calculate the selling price? Kalpana bought 12 eggs at 24 and sells 24 eggs for Rs. 36. Find the profit/ loss on 5 dozens. On a designer dress marked at Rs. 7900, flipkart offers 30% discount and amazon offers 50% discount. Calculate the difference in selling price. At store A, HP Laptop is sold at the 80% of the marked Price and sold at same price as Store B. If the same laptop is sold at 40% discount at Rs. 10000 marked at Store B, calculate the marked price at Store A. Ashima bought a pair of sunglasses at Rs. 5000. If the shopkeeper made a profit of 35%, calculate the cost price. DO IT YOURSELF!One dozen spoons is sold Rs. 1000 and dozen plates is sold Rs. 2000. If spoon is sold at 20% profit and plates are sold at 30% profit, calculate the cost price of both? Solution:Loss from recycling business = (25/100) * 7543 = Rs. 1885.75Profit from textile business = (35/100) * 2457 = Rs. 859.95Total money invested = Rs. 10000Total money received = 10000+ 1885.75 – 859.95 = 11025.8 = 11026(approx.) Selling Price at Pandey Wooden shop = 5500 – (30/100)*5500 = 5500 – 1650 = Rs. 3850Selling Price at Sharma Wood shop = Marked Price – discount3850 = 7500 – (x/100)*75003850 = 7500 – 75xx = 48.6% Total Cost Price of Fridge = 56000+ 7800 = 63800Selling Price = 63800 +(45/100)*63800 = 63800 + 28710 = Rs. 92510 Total Cost Price = (50* 800) + (70*500) = 40000 + 35000 = 75000Selling Price = 120* 600 = Rs. 72000 Loss Percentage = (3000/75000)*100 = 4% Cost Price of Curtain Cloth = 30 * 70 = Rs. 2100 Selling price = 2100 + (78/100)* 2100 = 2100 + 1638 = Rs. 3738 C.P. of one egg = 24/12 = Rs. 2S.P. of one egg = 36/24 = 3/2 = Rs. 1.5C.P of 5 dozen eggs = 60* 2 = Rs. 120S.P. of 5 dozen eggs = 60* 1.5 = Rs. 90Loss = 120 – 90 = Rs. 30 Selling Price on Flipkart = 7900 - (30/100)*7900 = 7900 – 2370 = Rs. 5530Selling Price on Amazon = 7900 – (50/100)*7900 = 7900 – 3950 = 3950Difference = 5530 – 3950 = Rs. 1580 Selling Price at Store B = 10000 – (40/100)*10000 = 10000- 4000 = Rs. 6000Selling Price at store A = x – (20/100)*x6000 = x – x/56000 = 4x/5x = (6000*5)/4 = 30000/4 = Rs. 7500Let the cost price be x 5000 = x + (35/100)*x5000 = x + 7x/205000 = 27x/20x = (5000*20)/ 27 = Rs. 3703.7 = Rs. 3704 (approx.) (function( $ ) {
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Aditya Anand
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