Profit and Loss

Assume that you are going to a shop to buy a dress. You find the dress on the mannequin very attractive and wish to buy it. The tag price of the dress is Rs. 5400. You buy that dress at a special discount of 20%. When you show that dress to your friend, he reveals that he was the one who designed that dress and had sold it to the shop for Rs. 1080. From the shop owners point of view, i) How is the amount Rs. 1080 called? __________ ii) How is the amount Rs. 5400 called? __________ iii) What is the discount given? iv) What is the profit/loss incurred by the shopkeeper? __________ v) What is the profit/loss %? __________

Ram sells 2 flats for Rs. 198 lakhs each. On one transaction he loses 10% and on the other he gains 10%. What is his net profit or loss percentage?

A dishonest shopkeeper professes to sell his goods at cost price, but he gives only 800 g instead of 1000 g. What is his profit %?

If the S.P. of 10 articles is the same as the C.P. of 11 articles, find the gain percentage.

The price of sugar is raised by 10%. By how much percent must a man reduce his consumption of sugar so as to not increase his expenditure?

An article worth Rs. 120 is sold for Rs. 145. What is the profit percent?

A man purchased a scooter for Rs. 20000 and got it insured for 80% of its value. The scooter was totally destroyed in an accident and the insurance company compensated him for only 80% of the claim. What was the loss suffered (in %)?

If an article is sold for Rs. X, the profit is 10% and if the price is reduced by Rs. 88, the loss is 10%. Find the cost price of the article.

Two articles are sold at Rs. 199 each such that a profit of 10% is made on the first while a loss of 10% is incurred on the other. What would be the net profit/loss on the two transactions?

A man bought oranges at the rate of 4 for a rupee and sold them at a profit of 40%. How many oranges would a customer get for seven rupees?