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Published on: 21/09/2019
Term 2 Bill, Profit and Loss
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Questions + Answers key
Take MCQ Maths Test1.
An electrician buys a used T.V. for Rs. 12,000 and a used Fridge for Rs. 11,000. After spending Rs. 1000 on repairing the T.V. and Rs. 1500 on painting the Fridge, he fixes up the M.P. of T.V. as Rs. 15,000 and that of Fridge as Rs. 15,500. If he gives Rs. 1000 discount on each find his profit or loss.
2.
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.
3.
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.
4.
A man bought 400 metre of cloth for Rs. 60,000 and sold it at the rate of Rs. 400 per metre. Find his profit or loss.
5.
Nathan paid Rs. 800 and bought 10 bottles of honey from a village vendor. He sold them in a city for Rs. 100 per bottle. Find his profit or loss.
6.
A shopkeeper buys three articles for Rs. 325, Rs. 450 and Rs. 510. He is able to sell them for Rs. 350, Rs. 425 and Rs. 525 respectively. Find the gain or loss to the shopkeeper on the whole.
7.
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.
8.
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?
9.
Amutha marked her home product of pickle as Rs. 300 per pack. But she sold it for only Rs. 275 per pack. What was the discount offered by her per pack?
10.
A man bought 75 Mangoes for Rs. 300 and sold 50 Mangoes for Rs. 300. If he sold all the mangoes at the same price, find his profit or loss.
1.
c.p T.V. = Rs. 12,000
He spent = Rs. 1,000
= Rs. 13,000
m.p = Rs. 15,000
Discount = Rs. 1,000
c.p Fridge = Rs. 11,000
Painting Charges = Rs. 1,500
= Rs. 12,500
m.p = 15,500
Discount = Rs. 1,000
c.p of tv and fridge
= 13,000 + 12,500
c.p = Rs. 25,500
m.p = Rs. 15,000 + 15,500 = Rs. 30,500
Discount = Rs. 1,000 + Rs. 1,000 =
= Rs. 2000
Therefore s.p = m.p - Discount
= 30,500 - 2,000 = Rs. 28,500
s.p = Rs. 28,500
Here, s.p > c.p
Therefore profit = s.p - c.p
= 28,500 - 25,500
Therefore Profit = Rs. 3,000
2.
Total no. of days = 7
first 3 days (c.p) (10 Kgs)
1 kg = Rs. 10
1 kg of tomatoes got smashed everyday
1st day = 9kg \(\times\) 10 = Rs. 90
2nd day = 8kg \(\times\) 10 = Rs. 80
3rd day = 7kg \(\times\) 10 = Rs. 70
Total = Rs. 240
Next 4 days (c.p) (15 kgs)
1 kg = Rs. 8
1st day = 15 \(\times\) 8 = Rs. 120
2nd day = 15 \(\times\) 8 = Rs. 120
3rd day = 15 \(\times\) 8 = Rs. 120
4th 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
1st day = 9 \(\times\) 20 = Rs. 180
2nd day = 8 \(\times\)20 = Rs. 160
3rd day = 7 \(\times\) 20 = Rs. 140
Total = Rs. 480
Next 4 days (s.p) (15 kgs)
1st day = 15 \(\times\) 20 = Rs. 300
2nd day = 15 \(\times\) 20 = Rs. 300
3rd day = 15 \(\times\) 20 = Rs. 300
4th day = 15 \(\times\) 20 = Rs. 300
= Rs. 1200
s.p = Rs. 480 + Rs. 1,200
= Rs. 1680 - Rs. 720
= Rs. 960
3.
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
4.
Given
A man bought the 400 m cloth
c.p = Rs. 60,000
He sold it at the rate of Rs. 400 / metre.
Therefore 1 m = Rs. 400
Therefore 400 mm = Rs. 400 \(\times\) 400 m
s.p = Rs. 1,60,000
Here, s.p > c.p
Therefore profit = s.p - c.p
= Rs. 1,60,000 - Rs. 60,000
Therefore profit = Rs. 1,00,000
5.
Given
Nathan Paid = Rs. 800
10 Bottles = Rs. 800
c.p = Rs. 800
He sold them in a city for Rs. 100 per bottle.
1 bottle = Rs.100
Therefore 10 bottles = 10\(\times\)100
s.p = Rs.1000
Here, s.p > c.p
Therefore profit = s.p - c.p
= Rs. 1,000 - Rs. 800
Profit = Rs. 200
6.
Given
A shop keeper buys three articles for
Rs. 325, Rs. 450, Rs. 510,
Therefore = Rs. 325 + Rs. 450 + Rs. 510
= Rs. 1,285
He sold them
s.p = Rs. 350 + Rs. 425 + Rs. 525 = Rs. 1,300
Here, s.p > c.p
Therefore Gain = s.p - c.p
= Rs. 1,300 - Rs. 1,285
= Rs. 15.
7.
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.
8.
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
9.
Given
m.p = Rs. 300
s.p = Rs. 275
Discount = m.p - s.p
= Rs. 300 - Rs. 275 = Rs. 25
10.
If the man bought 75 Mangoes for Rs. 300 then, Cost Price of 1 Mango = 300/75 = Rs. 4
If 50 Mangoes were sold for Rs. 300 then, Selling Price of 1 Mango is 300/50 = Rs. 6
\(\therefore\) Selling price of 75 Mangoes at the rate of Rs 6 is 75 \(\times\) 6 = Rs. 450
Selling Price > Cost Price
\(\therefore\) Profit = Selling Price - Cost Price = 450 - 300 = Rs. 150
6th Standard Syllabus & Materials
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