Professional Documents
Culture Documents
This section is quite interesting. Concepts are simple but Questions are
logical.
Now, lets answer these quick simple questions based on the above information.
Ques: What is the Cost price of this Novel?
Ans: 400Rs
Ques: What is the Marked Price of this Novel?
Ans: 500Rs
Ques: How much is the Markup?
Ans: Markup is the extra price which is added to the cost price. Markup = 500 - 400
= 100Rs
Ques: What is the discount % on this Novel?
Ans: 10%
www.bankersadda.com
www.careerpower.in
www.careeradda.co.in
www.careeradda.co.in
Page 1
Lets now deduce some formulae (note all these down in your copy)
CP = Cost Price
SP = Selling Price
When SP < CP Loss = CP - SP
When SP > CP Profit = SP - CP
Note:Loss% and Profit% both are calculated upon CP
Profit% = [Profit/CP] * 100
Loss% = [Loss/CP] * 100
www.bankersadda.com
www.careerpower.in
www.careeradda.co.in
www.careeradda.co.in
Page 2
www.bankersadda.com
www.careerpower.in
www.careeradda.co.in
www.careeradda.co.in
Page 3
General Notes:
Like SP and CP relation, SP and MP relations is also calculated using the same
approach.
I.e. if 10% discount is there, then SP becomes [100-discount%] of MP, means SP =
90% of MP, means SP = 0.9*MP
So, if MP is given, we can calculate SP and if SP is given, then MP is calculated (MP
= SP/0.9)
Needless to tell you to note it down as this also helps in solving questions
quickly!
More Notes:
(1) If markup is there and after discount, there is a profit, then: CP < SP < MP
(2) If markup is there and after discount, there is no profit no loss, then: CP =
SP < MP
(3) If markup is there and after discount, there is a loss, then, SP < CP < MP
Quiz Ques 1:
Using
CP = 400Rs
Markup% = 20%
Profit% = 7.5%
Find these values:
(a) Markup,
(b) Market Price,
(c) Profit,
(d) Selling Price,
(e) Discount Price,
(f) Discount%
Solve this question before going any further.
(Answer to this Question after 1 hour)
www.bankersadda.com
www.careerpower.in
www.careeradda.co.in
www.careeradda.co.in
Page 4
Now lets see a few quick ones that comes many a times in exams.
Ques2: By selling 8 bananas a fruit seller gains the selling price of 1 banana.
Calculate his profit percent.
Ans: Let SP of 1 banana = 1 Rs
Means SP of 8 banana will be 8 Rs
Profit on SP of 8 Rs is 1 Rs CP would be 8-1 = 7 Rs
On 7 Rs, 1 Rs profit is there profit% = 1/7 * 100 = 14.2857% profit
Note:Profit or loss is always calculated on Cost price!!
Ques3: A trader sells all his books at the cost price but gives 15% less books as
he should give. Find his profit percentage?
Ans: let 100 books are there.
Books left = 15% = 15 books
So, books sold = 100-15 = 85
On 85 books sold, he gets 15 books as profit
Profit % = [books left / books sold]* 100 = [15/85]*100 = 17.64%
Ques 4: A person bought 3 Oranges for 2 Rs and sold 2 Oranges for 3 Rs.
Calculate his Profit percentage?
www.bankersadda.com
www.careerpower.in
www.careeradda.co.in
www.careeradda.co.in
Page 5
Enough learning. Now solve these questions and you completes the concepts of
Profit and Loss!!
Quiz Ques2:Two articles are sold at the same Selling Price. One at a profit of 75%,
and other at loss of 30%. What is the overall profit or loss?
Quiz Ques 3:The percentage profits on three articles A, B, and C is 10%, 20% and
25% and the ratio of their cost price is 1:2:4. Also, the ratio of the number of
articles sold of A, B and C is 2:5:2.The overall percentage is how much?
Quiz Ques 4:CP of 12 articles is equal to SP of 9 articles. Profit on 5 articles is
equal to the discount on 10 articles. Find the Markup% and Discount%
(Answers to Quiz Questions after 1 hour)
www.bankersadda.com
www.careerpower.in
www.careeradda.co.in
www.careeradda.co.in
Page 6
Thank You!!