types of basic questions of profit and loss? ? ? ? ? ? ?
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Selling Price (SP) : The price at which the shopkeeper sells the goods is called the selling price (SP) of the goods sold by the shopkeeper.
Profit : If the selling price of an article is more than its cost price, then the dealer (or shopkeeper) makes a profit (or gain)
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Explanation:
I have given some questions
Question 1:
An article is sold at a loss of 10%. Had it been sold for Rs. 9 more, there would have been a gain of 25/2% on it. The cost price of the article is :
(a) Rs. 40
(b) Rs. 45
(c) Rs. 50
(d) Rs. 35
Question 2:
A man sold an article at a loss of 20%. If he has sold that article for Rs. 12 more he would have gained 10%. Find the cost price of that article :
(a) Rs. 60
(b) Rs. 40
(c) Rs. 30
(d) Rs. 22
question 3:
If an article is sold for Rs. 178 at a loss of 11%, what should be its selling price in order to earn a profit of 11%?
(a) Rs. 222.50
(b) Rs. 267
(c) Rs. 222
(d) Rs. 220
Question 4:
A businessman sells a commodity at 10% profit. If he had bought it at 10% less and sold it for Rs. 2 less, then he would have gained 50/3%. The cost price of the commodity is
(a) Rs. 32
(b) Rs. 36
(c) Rs. 40
(d) Rs. 48
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