CP= ?
SP= $572
Profit = $72
Loss = ?
Profit % = ?
Loss % = ?
Answers
Step-by-step explanation:
CP=500$
SP=572$
PROFIT=72$
LOSS= no loss
PROFIT %=14.4%
LOSS%=No loss =No loss %
PLEASE MARK BRAINLIEST
Cost price (CP) The amount for which an article is bought is called its cost price.
Selling price (SP) The amount for which an article is sold is called its selling price.
Profit or gain When (SP) > (CP) then there is a gain.
Gain = (SP) - (CP)
Loss When (SP) < (CP) then there is a loss.
Loss = (CP) - (SP).
Notes:
The gain or loss is always reckoned on the cost price
Calculating Profit Percent and Loss Percent
Profit and loss formulas for calculating profit% and loss%:
I. Gain = (SP) - (CP)
II. Loss = (CP) - (SP)
III. Gain% = (gain / CP × 100)%
IV. Loss % = (loss/ CP × 100)%
V. To find SP when CP and gain% or loss% are given:
● SP = [(100 + gain %) / 100] × CP
● SP = {(100 - loss %) /100} × CP
VI. To find CP when SP and gain% or loss% are given:
● CP = {100/(100 + gain %)} × SP
● CP = {100 /(100 - loss %)} × SP
Calculating Profit Percent and Loss Percent
1. Mike bought a DVD for $ 750 and sold it for $ 875. Find Mike's gain per cent.
Solution:
CP = $ 750 and SP = $ 875.
Since (SP) > (CP), Mike makes a gain.
Gain = $ (875 - 750)
= $ 125.
Gain% = {(gain/CP) × 100} %
= {(125/750) × 100} %
= (50/3) %
= 16 (2/3) %
2. Ron purchased a table for $ 1260 and due to some scratches on its top he had to sell it for $ 1197. Find his loss per cent.
Solution:
CP Rs.1260 and SP = $ 1197.
Since (SP) < (CP), Ron makes a loss.
Loss = $ (1260 - 1197)
= $ 63.
Loss % = [(loss / CP) × 100] %
= [(63 / 1260) × 100] %
= 5%
In calculating profit percent and loss percent, sometimes after purchasing an article, we have to pay some more money for things like transportation, repairing charges, local taxes, These extra expenses are called overheads.
For calculating the total cost price, we add overheads to the purchase price.
3. Maddy purchased an old scooter for $ 12000 and spent $ 2850 on its overhauling. Then, he sold it to his friend Sam for $ 13860. How much per cent did he gain or lose?
Solution:
Cost price of the scooter = $ 12000, overheads = $ 2850.
Total cost price = $ (12000 + 2850) = $ 14850.
Selling price = $ 13860.
Since (SP) < (CP), Maddy makes a loss.
Loss = $ (14850 - 13860) = $ 990.
Loss = [(loss / total CP) × 100] %
= [(990 / 14850) × 100] %
= 6
4. Ron ought an almirah for $ 6250 and spent $ 375 on its repairs. Then, he sold it for $ 6890. Find his gain or loss per cent.
Solution:
CP of the almirah = $ 6250,
Overheads = $ 375.
Total cost price = $ (6250 + 375)
= $ 6625.
Selling price = $ 6890.
Since, (SP) > (CP), Ron gains.
Gain% = $ (6890 - 6625)
= $ 265.
Gain% = [(gain / total CP) × 100] %
= [(265 / 6625) × 100] %
= 4 %
5. A vendor bought oranges at 20 for $ 56 and sold them at $ 35 per dozen. Find his gain or loss per cent.
Solution:
LCM of 20 and 12 = (4 × 5 × 3) = 60.
Let the number of oranges bought be 60.
CP of 20 oranges = $ 56
CP of 1 orange = $ (56 / 20)
CP of 60 oranges = $ [(56 / 20) × 60] = $ 168
SP of 12 oranges = $ 35
SP of 1 orange = $ [(35 / 12) × 60] = $ 175
Therefore, CP = $ 168 and SP = $ 175.
Since, (SP) > (CP), the vendor gains.
Gain = $ (175 - 168) = $ 7.
Gain % = [(gain / CP) × 100] %
= [(7 / 168) × 100] %
= 25 / 6 %
= 4 ¹/₆ %