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Aptitude::Profit and Loss

Home > Quantitative Aptitude > Profit and Loss > Subjective Solved Examples

Example 1 / 1

A man sells 5 articles for Rs. 15 and makes a profit of 20%. Find his gain or loss percent if he sells 8 articles for Rs. 18.40.
SP of 5 articles = Rs. 15
SP of 1 article = Rs. 3
Profit% = 20%
Therefore, CP = \(\frac{3}{120}\) x 100
= Rs. \(\frac{10}{4}\)
Now, SP of 8 articles = Rs. 18.40
SP of 1 article = Rs. \(\frac{23}{10}\)
Hence, loss = \(\frac{10}{4}\) - \(\frac{23}{10}\)
= Rs. \(\frac{8}{40}\)
And, loss% = \(\frac{8}{40}\) x \(\frac{4}{10}\) x 100
= 8% Ans.
CP = \(\frac{SP}{(100+Profit)}%\)
Loss= CP-SP
Loss%= \(\frac{LOSS}{CP}\)*100
NA
At first, find SP and CP of 1 article and find the loss%. Simply based on direct formula.
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