Term 2 Bill, Profit, and Loss

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Questions:

Generic 5

4 x 5 = 20

Complete the following table.

Sl. No	C.P. in Rs.	M.P. in Rs	S.P. in Rs.	Discount in Rs.	Profit in Rs.	Loss in Rs.
i	110	130		5
ii	110	130		20
iii		130		15	30
iv		130		Nil		25
v		125		Nil	Nil	Nil
vi			350	50	100	Nil

Wheat is being sold at Rs. 1550 per bag of 25 kg at a profit of Rs. 150. Find the cost price of the wheat bag.

Fill up the appropriate boxes in the following table:

	C.P.	S.P.	Profit	Loss
(i)	Rs. 50	Rs. 60
(ii)	Rs. 70	Rs. 60
(iii)	Rs. 100		Rs. 20
(iv)	Rs. 80			Rs.15
(v)		Rs. 70	Rs. 25
(vi)		Rs. 100		Rs. 30

Ramya purchases some make-up items and gets the following bill.

CASH BILL SHANTHI FANCY STORE
Bill No. 100 Date: 15.05.2018
Sl. No.	Items	Rate (in Rs)	Quantity	Amount (in Rs.)
1.	Hair clip	15 each	6	90
2.	Hair pin	10 each	4	40
3.	Ribbon	12 per m	3	36
4.	Handkerchief	25 each	2	50
	Total			216

Observe the bill and answer the following questions.
(i) What is the bill number?
(ii) Mention the date of the bill.
(iii) How many different items were purchased?
(iv) What is the cost of an hair clip?
(v) What is the total cost of the ribbon?

Generic 2

6 x 2 = 12

A vegetable vendor buys 10 kg of tomatoes per day at Rs. 10 per kg, for the first three days of a week. 1 kg of tomatoes got smashed on everyday for those 3 days. For the remaining 4 days of the week he buys 15 kg of tomatoes daily at Rs. 8 per kg. If for entire week he sells tomatoes at Rs. 20 per kg, then find his profit or loss for the week.

A store purchased pens at Rs. 216 per dozen. He paid Rs. 58 for conveyance and sold the pens at the discount of Rs. 2 per pen and made a overall profit of Rs. 50. Find the M.P. of each pen.

Mangai bought a cell phone for Rs. 12585. It fell down. She spent Rs. 500 on its repair. She sold it for Rs. 7500. Find her profit or loss.

Valavan bought 24 eggs for Rs. 96. Four of them were broken and also he had a loss of Rs. 36 on selling them. What is the selling price of one egg?

A fruit seller bought a dozen apples for Rs. 84. 2 apples got rotten. If he has to get a profit of Rs. 16, find the S.P. of each apple.

10.

A fruit seller bought a basket of fruits for Rs. 500. During the transit some fruits were damaged. So, he was able to sell the remaining fruits for Rs. 480. Find the profit or loss in his business.

Generic 3

5 x 3 = 15

11.

Valarmathi sold her pearl set for Rs. 30,000 at profit of Rs. 5000. Find the cost price of the pearl set.

12.

Muthu has a car worth Rs. 8,50,000 and he wants to sell it at a profit of Rs. 25,000. What should be the selling price of the car?

13.

Prepare a bill for the following books of biographies purchased from Maruthu Book Store, Chidambaram on 12.04.2018 bearing the bill number 507. 10 copies of Subramanya Bharathiar @ Rs. 55 each, 15 copies of Thiruvalluvar @ Rs. 75 each, 12 copies of Veeramamunivar @ Rs. 60 each and 12 copies of Thiru.Vi.Ka @ Rs. 70 each.

14.

Raghu buys a chair for Rs. 3000. He wants to sell it at a profit of Rs. 500 after making a discount of Rs. 300. What is the M.P. of the chair?

15.

Barathan offers his customers a discount of Rs. 50 on each shirt and still makes a profit of Rs. 100 per shirt. What is the actual cost price of the shirt that is marked @ Rs. 800?

Multiple Choice Question

3 x 1 = 3

16.

There is no profit or loss when

(a)

C.P. = S.P.

(b)

C.P > S.P.

(c)

C.P < S.P.

(d)

M.P. = Discount

17.

'Overhead expenses' is always included in _______________

(a)

S.P.

(b)

C.P.

(c)

Profit

(d)

Loss

18.

Discount is subtracted from ____________ to get S.P.

(a)

M.P.

(b)

C.P.

(c)

Loss

(d)

Profit

Visit QB365-SLMS - https://www.qb365.in/slms/

Answers Key:

Generic 5

4 x 5 = 20

(i) C.P. = Rs. 110
M.P. = Rs. 130
Discount = Rs. 5
S.P. = M.P. - Discount
= Rs. 130 - Rs. 5
=Rs. 125
Profit = S.P. - C.P.
=Rs. 125 - Rs. 110
=Rs. 15
(ii) C.P. = Rs. 110
M.P. = Rs. 130
Discount = Rs. 20
S.P. = M.P. - Discount
= Rs. 130 - Rs. 20
= Rs.110
C.P. = S.P. \(\Rightarrow\) No profit or No loss.
(iii) M.P. = Rs. 130
Discount = Rs. 15
S.P. = M.P. - Discount
= Rs. 130 - Rs15
=Rs. 115
Profit = Rs. 30
Profit = S.P. - C.P.
Rs. 30 = Rs. 115 - C.P.
C.P. = Rs. 115 - Rs. 30
= Rs. 85
(iv) M.P. = Rs.130
Loss = Rs. 25
S.P. = M.P. - Discount
= Rs. 130 - Rs. 0
= Rs. 130
Loss = C.P. - S.P.
Rs. 25 = C.P. - Rs. 130
C.P. = Rs. 25 + Rs. 130
= Rs. 155
(v) M.P. = Rs. 125
Discount = Rs. 0
S.P. = M.P. - Discount
= Rs.125 - Rs. 0
= Rs. 125
No profit / No loss
C.P. = S.P.
C.P. = Rs. 125
(vi) S.P. = Rs. 350
Discount = Rs. 50
Profit = Rs. 100
M.P. = S.P.+ Discount
= Rs. 350+ Rs. 50 = Rs. 400
Profit = S.P. - C.P.
Rs 100 = Rs. 350 - C.P.
C.P. = Rs. 350 - Rs. 100
= Rs. 250

Selling price = Rs. 1550
Profit = Rs. 150
Profit = S.P. - C.P.
\(\Rightarrow\) Rs. 150 = Rs. 1550 - C.P.
\(\Rightarrow\) Cost price = Rs.1550 - Rs. 150 = Rs. 1400

(i) C.P. < S.P. \(\Rightarrow\) Profit = S.P. - C.P. = Rs. 60 - Rs. 50 = Rs. 10
(ii) C.P. > S.P. \(\Rightarrow\) Loss = C.P. - S.P. = Rs. 70 - Rs. 60 = Rs. 10
(iii) Profit = S.P. - C.P.
\(\Rightarrow\) Rs. 20 = S.P. - Rs. 100
\(\Rightarrow\) S.P. = Rs 20 + Rs. 100 = Rs. 120
(iv) Loss = C.P. - S.P.
\(\Rightarrow\) Rs. 15 = Rs. 80 - S.P.
\(\Rightarrow\) S.P. = Rs. 80 - Rs. 15 = Rs. 65
(v) Profit = S.P. - C.P.
\(\Rightarrow\) Rs. 25 = Rs. 70 - C.P.
\(\Rightarrow\) C.P. = Rs. 70 - Rs. 25 = Rs. 45
(vi) Loss = C.P. - S.P.
\(\Rightarrow\) Rs. 30 = C.P. - Rs. 100
\(\Rightarrow\) C.P. = Rs. 30 + Rs. 100 = Rs. 130

(i) The bill number is 100.
(ii) The date of the bill is 15.05.2018.
(iii) There were four different items purchased.
(iv) The cost of 1 hair clip is Rs. 15.
(v) The total cost for the ribbon is Rs. 36.

Generic 2

6 x 2 = 12

Total no. of days = 7
first 3 days (c.p) (10 Kgs)
1 kg = Rs. 10
1 kg of tomatoes got smashed everyday
1^st day = 9kg \(\times\) 10 = Rs. 90
2^nd day = 8kg \(\times\) 10 = Rs. 80
3^rd day = 7kg \(\times\) 10 = Rs. 70
Total = Rs. 240
Next 4 days (c.p) (15 kgs)
1 kg = Rs. 8
1^st day = 15 \(\times\) 8 = Rs. 120
2^nd day = 15 \(\times\) 8 = Rs. 120
3^rd day = 15 \(\times\) 8 = Rs. 120
4^th day = 15 \(\times\) 8 = Rs. 120
Total = Rs. 480
c.p of 1 week = Rs. 240 + Rs. 480 = Rs. 720
Next 3 days (s.p) (15 kgs)
1 kg = Rs. 20
1^st day = 9 \(\times\) 20 = Rs. 180
2^nd day = 8 \(\times\)20 = Rs. 160
3^rd day = 7 \(\times\) 20 = Rs. 140
Total = Rs. 480
Next 4 days (s.p) (15 kgs)
1^st day = 15 \(\times\) 20 = Rs. 300
2^nd day = 15 \(\times\) 20 = Rs. 300
3^rd day = 15 \(\times\) 20 = Rs. 300
4^th day = 15 \(\times\) 20 = Rs. 300
= Rs. 1200
s.p = Rs. 480 + Rs. 1,200
= Rs. 1680 - Rs. 720
= Rs. 960

Given
Profit = Rs. 50
1 dozen Pens Rs. 216
Therefore 12 pens = 216
He paid = 48
c.p = Rs. 274
s.p = c.p + profit
= Rs. 274 + Rs. 50
s.p = Rs. 324
Discount = Rs. 2
1 dozen = 2 \(\times\)12 = Rs. 24
m.p = s.p + discount
= Rs. 324 + Rs. 24
12 pens = Rs. 348
Therefore 1 pen = 348 / 12 = 29
Therefore the m.p of each pen = Rs. 29

Given
Mangai bought a cell phone = Rs. 12585
She spent = Rs. 500
Therefore c.p = Rs. 12585 + Rs. 500
= Rs.13,085
She sold = Rs. 7500
Therefore s.p = Rs. 7500
Here, c.p > s.p
Therefore, loss = Rs. 13,085 - Rs. 7,500
= Rs. 5,585.

Given
24 eggs (c.p) = Rs. 96
4 eggs were broken
Therefore 24 - 4 = 20 eggs
Loss = Rs. 36
s.p = c.p - loss
= Rs. 96 - Rs. 36
= Rs. 60
Therefore the selling price of one egg
= 60 / 20 = Rs. 3

Cost price of 12 apples = Rs. 84.
Since 2 apples got rotten, the number of remaining apples = 10
Since profit is Rs. 16, Selling price of 10 apples = C.P. + Profit = Rs. 84 + Rs. 16 = Rs. 100
\(\therefore\) Selling price of 1 apple = 100/10 = Rs. 10

10.

C.P. = Rs. 500
S.P. = Rs. 480
Here, C.P. > S.P. \(\Rightarrow\) Loss = C.P. - S.P. = Rs. 500 - Rs. 480 = Rs. 20

Generic 3

5 x 3 = 15

11.

Given
Valarmathi sold her pearl set
s.p = Rs. 30,000
profit = Rs. 5,000
c.p = s.p - profit
= 30,060 - 5,000
c.p = Rs. 25,000

12.

Given
Muthu has a car worth = Rs. 8,50,000
Profit = Rs. 25,000
s.p = c.p + profit
= 8,50,000 + 25,000
Therefore = Rs. 8,75,000

13.

Cash Bill
Maruthu Book Store, Chidambaram
Bill No. 570 Date: 12.04.2018
Sl. No.	Item	Quantity	Rate	Amount
1.	Subramanya Bharathiyar	10	55	550
2.	Thiruvalluvar	15	75	1125
3.	Veeramamunivar	12	60	720
4.	Thiru.Vi.Ka	12	70	840
Total				3235

14.

C.P. = Rs. 3000; Profit = Rs. 500; Discount = Rs. 300
S.P. = M.P. - Discount = M.P. - Rs. 300
Profit = S.P. - C.P.
Rs. 500 = M.P. - Rs. 300 - Rs. 3000
M.P. = Rs. 500 + Rs. 300 + Rs. 3000 = Rs. 3800

15.

Discount = Rs. 50
Profit = Rs. 100
M.P. = Rs. 800
S.P. = M.P. - Discount
= Rs. 800 - Rs. 50
= Rs. 750
Profit = S.P. - C.P.
Rs. 100 = Rs. 750 - C.P.
C.P. = Rs. 750 - Rs. 100
= Rs. 650

Multiple Choice Question

3 x 1 = 3

16.