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Sample Question Paper On P&L and Discount

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62 views24 pages

Sample Question Paper On P&L and Discount

Uploaded by

neevbatra1
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 24

MATHS BASICS

PROFIT , LOSS &


DISCOUNT
FOR MAHB-CET 24
WHAT IS PROFIT ?
Profit is the financial gain that a business or individual achieves when the revenue earned
from selling goods, providing services, or other activities exceeds the expenses incurred
in generating that revenue.

Here's a breakdown:
Cost Price (CP): The amount a seller pays to acquire an item.
Selling Price (SP): The price at which the seller sells the item to a customer.
Profit: When SP > CP (Selling Price is greater than Cost Price), the difference is
considered profit.

Here's the formula to calculate profit:


Profit = Selling Price (SP) - Cost Price (CP)
WHAT IS LOSS ?
In simple terms, loss in business happens when a company spends more money than it
earns. It's like when you spend $20 to make a product, but you can only sell it for $15. So,
you end up losing $5 for each product you sell.

Here's a breakdown:
Loss = Cost Price (C.P.) - Selling Price (S.P.)
This formula applies when C.P. is greater than S.P., indicating a loss situation.

Here's a breakdown of the symbols:


Loss: The amount of money lost in the transaction (always a positive value).
C.P.: The cost price at which the item was bought.
S.P.: The selling price at which the item was sold (lower than C.P. in a loss scenario).
WHAT IS DISCOUNT ?
In simple terms, a discount in business is like a price cut. It's when a seller reduces the
price of a product or service for various reasons. It could be to attract more customers,
clear out old stock, reward loyal buyers, or encourage bulk purchases.
Here's a breakdown:
Marked Price (M.P.): The initial price set by the seller, before any discounts are
applied.
Discount (%): A percentage of the marked price that is deducted as a reduction.
Selling Price (S.P.): The final price the customer pays after the discount is applied.

There are two main formulas used for calculating discount:


1. Finding the Discount Amount % :
Discount (Rs.) = Marked Price (Rs.) x Discount (%) / 100
2. Finding the Selling Price:
Selling Price (Rs.) = Marked Price (Rs.) - Discount (Rs.)
LET’S SOLVE
1. Rohan bought bike for Rs. 75000. He wants to sell it by making 20% profit.
What is the selling price of bike?

a) Rs.50000

b) Rs.60000

c) Rs.80000

d) Rs.90000
LET’S SOLVE
1. Rohan bought bike for Rs. 75000. He wants to sell it by making 20% profit.
What is the selling price of bike?

a) Rs.50000

b) Rs.60000

c) Rs.80000

d) Rs.90000

Explanation: Price of bike is Rs. 75000. The price increased by 20%.


Profit = 20/100×75000=15000
Selling price = Buying price + profit = 75000 + 15000 = 90000.
LET’S SOLVE
The price of bike is Rs. 75000. The seller offered discount of 20% this year.
What is the discounted price of bike?

a) Rs.50000

b) Rs.60000

c) Rs.80000

d) Rs.90000
LET’S SOLVE
The price of bike is Rs. 75000. The seller offered discount of 20% this year.
What is the discounted price of bike?

a) Rs.50000

b) Rs.60000

c) Rs.80000

d) Rs.90000

Explanation: Price of bike is Rs. 75000. The discount offered is 20%.


Discount in price = 20/100×75000=15000
Selling price = Buying price – discount = 75000 – 15000 = 60000.
LET’S SOLVE
An item is marked as Rs. 8000. There is a 25% discount on the item. What is the
amount of discount received on the item?

a) Rs.6000

b) Rs.1000

c) Rs.1500

d) Rs.2000
LET’S SOLVE
An item is marked as Rs. 8000. There is a 25% discount on the item. What is the
amount of discount received on the item?

a) Rs.6000

b) Rs.1000

c) Rs.1500

d) Rs.2000

Explanation: Marked price of item Rs. 8000. Discount of item is 25%.


Discount = 25/100×8000=2000.
LET’S SOLVE
An item is marked as Rs. 6000. There is a 40% discount on the item. What is the
discounted price of an item?

a) Rs.6000

b) Rs.3600

c) Rs.1500

d) Rs.2500
LET’S SOLVE
An item is marked as Rs. 6000. There is a 40% discount on the item. What is the
discounted price of an item?

a) Rs.6000

b) Rs.3600

c) Rs.1500

d) Rs.2500

Explanation: Marked price of item is Rs. 6000. Discount on item is 25%.


Discount = 40/100×6000=2400
Discounted price = Marked price – Discount = 6000 – 2400 = 3600.
LET’S SOLVE
An item was marked for Rs. 5000 but sold for Rs. 3500. What is the % loss on
the product?

a) 5

b) 10

c) 30

d) 20
LET’S SOLVE
An item was marked for Rs. 5000 but sold for Rs. 3500. What is the % loss on
the product?

a) 5

b) 10

c) 30

d) 20

Explanation: Marked price of item is Rs. 5000. Selling price of item is Rs. 3500.
Discount = Marked price – Selling price = 5000 – 3500 = 1500
% discount=discountmarkedprice=1500/5000×100=30.
LET’S SOLVE
The cost price of shirt is Rs. 2500. The shopkeeper sold 10 shirts at 15% profit.
What is the total profit made?

a) Rs.3750

b) Rs.4500

c) Rs.1500

d) Rs.2500
LET’S SOLVE
The cost price of shirt is Rs. 2500. The shopkeeper sold 10 shirts at 15% profit.
What is the total profit made?

a) Rs.3750

b) Rs.4500

c) Rs.1500

d) Rs.2500

Explanation: Cost price of shirt is Rs. 2500. The shopkeeper sold 10 shirts. Thus,
total cost price is Rs. 25000.
Profit = 15/100×25000=3750
Total profit made by shopkeeper is Rs. 3750.
7. The cost price of house is Rs. 2500000. The house r
LET’S SOLVE
7. The cost price of house is Rs. 2500000. The house repair costed Raj Rs.
150000. The house was sole for 20% profit. What is the selling price of house?

a) Rs.318000

b) Rs.2580000

c) Rs.2500000

d) Rs.3180000
LET’S SOLVE
The cost price of house is Rs. 2500000. The house repair costed Raj Rs.
150000. The house was sole for 20% profit. What is the selling price of house?

a) Rs.318000

b) Rs.2580000

c) Rs.2500000

d) Rs.3180000

Explanation: Cost price of house is Rs. 2500000. Cost of repair is Rs. 150000.
Thus, total cost price of house is Rs. 2650000.
Profit = 20/100×2650000=530000.
Selling price = Cost price + profit = 3180000.
LET’S SOLVE
Zayn bought tickets to concert for Rs. 1700. He wants to sell them at a profit of
22%. What is the selling price of tickets?

a) Rs.1750

b) Rs.2074

c) Rs.1700

d) Rs.1800
LET’S SOLVE
Zayn bought tickets to concert for Rs. 1700. He wants to sell them at a profit of
22%. What is the selling price of tickets?

a) Rs.1750

b) Rs.2074

c) Rs.1700

d) Rs.1800

Explanation: Buying price of tickets is Rs. 1700. Premium on tickets is 22%


Profit = 22/100×1700=374
Selling price = Buying price + Profit = 1700 + 374 = 2074.
LET’S SOLVE
Rehan bought bulbs for Rs. 25. He wants to sell them at a discount of 15%. What
is the selling price of bulbs?

a) Rs.22.95

b) Rs.21.25

c) Rs.27

d) Rs.31.46
LET’S SOLVE
Rehan bought bulbs for Rs. 25. He wants to sell them at a discount of 15%. What
is the selling price of bulbs?

a) Rs.22.95

b) Rs.21.25

c) Rs.27

d) Rs.31.46

Explanation: Buying price of bulbs is Rs. 25. Discount on tickets is 15%


Discount = 15/100×25=3.75
Selling price = Buying price – Discount = 25 – 3.75 = 21.25.
LET’S SOLVE
Riya bought apples for Rs. 350. She sold them for Rs. 400. Find the percentage
of profit made by Riya.

a) 14.29%

b) 15.23%

c) 5.25%

d) 10.50%
LET’S SOLVE
Riya bought apples for Rs. 350. She sold them for Rs. 400. Find the percentage
of profit made by Riya.

a) 14.29%

b) 15.23%

c) 5.25%

d) 10.50%

Explanation: Cost price of apples is Rs. 350. Selling price of apples is Rs. 400.
Profit = Selling price – Cost price = 400 – 350 = 50
%Profit = 50/350×100=14.29.

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