Profit & Loss Mastery Class
📚 Quick Revision Formulas
Level 1: Basic & Foundational
Q1: A man buys a cycle for 1400 and sells it at a loss of 15%. What is the selling price? [cite: 11, 12]
Q2: If an article is sold for 178 at a loss of 11%, what should be its selling price in order to earn a profit of 11%? [cite: 15]
Q3: On selling an article for 651, there is a loss of 7%. The cost price of that article is: [cite: 17]
Q4: A man bought an old typewriter for 1200 and spent 200 on its repair. He sold it for 1680. His profit per cent is: [cite: 20, 21]
Q5: If the cost price is 95% of the selling price, what is the profit percent? [cite: 24]
Level 2: Concepts & Logic
Q6: Krishnan bought a camera and paid 20% less than its original price. He sold it at 40% profit on the price he had paid. The percentage of profit earned on original price was: [cite: 26, 27, 28]
Q7: The cost price of 15 articles is same as the selling price of 10 articles. The profit percent is: [cite: 30]
Q8: A profit earned when an item is sold for ₹4,000 is ten times the loss incurred when it is sold for ₹2,790. At what price should it be sold to make a profit of 20%? [cite: 42, 43]
Q9: Kamala bought a bicycle for ₹1,650. She had to sell it at a loss of 8%. She sold it for: [cite: 71, 72]
Level 3: Advanced Exams
Q10: Tarun sold a book at a loss of 30%. If he had sold it for Rs. 140 more, he would have made a profit of 40%. The cost price is? [cite: 55, 56]
Q11: A shopkeeper marks items 20% above CP but offers a 15% discount. Calculate his profit percentage. [cite: 74, 75, 76]
Q12: A dishonest dealer claims to sell at 24% loss but uses 100g weight instead of 200g. His profit % is: [cite: 84, 85]