Profit and Loss Examples 2
In this class, We discuss Profit and Loss Examples 2.
The reader should have prior knowledge of profit and loss formulae. Click Here.
Example 1:
A dishonest dealer sells the goods at a 6 1/4% loss on cost price but uses 12 1/2% less weight.
What is his percentage profit or loss?
Solution:
Assume 1000 grams = 100 rupees
6 1/4% loss in selling
= 6.25 Rs loss in selling
Selling Price = 93.75
12 1/2% less weight = 25/2% of 1000
= 875 grams
875 grams sold for 93.75 Rs
1000 grams = x
x = (93.75 * 1000)/875
x = 107.14
Gain% = 7.14%
Example 2:
By mixing two tea brands and selling the mixture at the rate of Rs 177 per Kg, a shopkeeper makes a profit of 18%.
For every 2 KG of one brand costs, Rs 200 per KG mixed with 3 KG of another brand.
How much per KG does another brand cost?
Solution:
Let the cost of other brand is x per KG
CP of 5KG mixture = (2*200 + 3*x)
= 400+3x
Gain% = (SP – CP)/CP *100
18 = (885 – 400 + 3x)/(400+3x) *100
x = 350/3
x= 116 2/3