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8. A music system when sold for 10000 gave a profit of 2000 to the shopkeeper who sells it. Calculate his loss gain percent. 9. Jamuna live in old city and she is very fond of candies, while going to school every day waits for the candy vendor to come who will sell a unique variety of mango candy for Rs 200.
Use Unitary Method: If the profit or loss is given on a single item, you can use the unitary method to find the profit or loss on multiple items quickly. For example, if the profit on one item is $5, the profit on 6 items would be 6 times $5. Shortcut for 10%: To calculate 10% of any amount, simply move the decimal point one place to the left.
Question 8. Time: 00: 00: 00. 100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is : 14 2/7 % loss. 14 2/7 % gain. 15% loss. 15% gain.
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Formulas for Profit and Loss Questions. Important Formulas for Profit and Loss are given here on this page. Profit (P) – The amount gained by selling a product for more than its cost price. Loss (L) – The amount the seller incurs after selling the product less than its cost price is mentioned as a loss.
Questions on Profit & Loss. Number of Questions – 2-3 Questions. Difficulty Level – ★★★★. Average time to solve – 50 sec.
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AMCAT Profit and Loss Questions and Answers. Quiz. Preparation Resources.
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