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Published on: 04/10/2019
Term 2 Bill, Profit and Loss
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Questions + Answers key
Take MCQ Maths Test1.
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 |
2.
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.
3.
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 |
4.
Prepare a bill for the following purchases at Aavin sales counter in Coimbatore on 25-06-2018 bearing the Bill number 160.
1. 5 packets Milk Khoa of 100 gm @ Rs. 40 each
2. 5 packets of Butter Milk @ Rs. 8 each
3. 6 packets Milk of 500ml @ Rs. 25 each
4. 5 packets Ghee of 100gm @ Rs. 40 each
5.
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?
6.
Valarmathi sold her pearl set for Rs. 30,000 at profit of Rs. 5000. Find the cost price of the pearl set.
7.
Fill up the appropriate boxes in the following table.
| C.P. in Rs | S.P. in Rs | Profit in Rs | Loss in Rs | |
| (i) | 100 | 120 | ||
| (ii) | 110 | 120 | ||
| (iii) | 120 | 20 | ||
| (iv) | 100 | 90 | ||
| (v) | 120 | 25 |
8.
Mani buys a gift article for Rs. 1500. He wants to sell it at a profit of Rs. 150 on sales and he marks @ Rs.1800. What is the discount that he will give to his customers?
9.
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?
10.
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?
1.
(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
2.
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
3.
(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
4.
| 1. | Milk Khoa \(\Rightarrow\) 5 \(\times\) Rs. 40 | = Rs. 200 |
| 2. | Butter Milk \(\Rightarrow\) 5 \(\times\) Rs. 8 | = Rs. 40 |
| 3. | Milk \(\Rightarrow\) 6 \(\times\) Rs. 25 | = Rs. 150 |
| 4. | Ghee \(\Rightarrow\) 5 \(\times\) Rs 40 | = Rs. 200 |
| Total | = Rs. 590 |
| CASH BILL AAVIN PARLOUR, COIMBATORE |
||||
|---|---|---|---|---|
| Bill No. 160 Date : 25.06.2018 | ||||
| Sl. No. | Items | Rate (in Rs.) | Quantity (packets) | Amount (in Rs.) |
| 1. | Milk Khoa | 40/packet | 5 | 200 |
| 2. | Butter milk | 8/packet | 5 | 40 |
| 3. | Milk | 25/packet | 6 | 150 |
| 4. | Ghee | 40/packet | 5 | 200 |
| Total | 590 | |||
5.
(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.
6.
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
7.
(i) c.p = Rs.100
s.p = Rs.120
Here, s.p > c.p
Profit = s.p - c.p = 120 - 100
= Rs. 20
(ii) Given
c.p = Rs. 110
s.p = Rs. 120
Here, s.p > c.p
Profit = s.p - c.p = 120 - 110
= Rs. 10
(iii) Given
c.p = Rs. 120
profit = Rs. 20
Here; s.p = c.p + profit
= 120 + 20
= Rs. 140
(iv) Given
c.p = Rs. 100
s.p = Rs. 90
Here, c.p > s.p
Loss = c.p - s.p = 100 - 90
= 10
(v) Given
c.p = Rs. 120
profit = Rs. 25
Here, s.p = c.p + profit
= 120 + 25
= Rs. 145
8.
C.P. = Rs. 1500; Profi t = Rs. 150; M.P. = Rs. 1800
S.P. = M.P. - Discount = Rs. 1800 - Discount
Profit = S.P. - C.P. \(\Rightarrow\) Rs. 150 = Rs. 1800 - Discount - Rs. 1500
Discount = Rs. 1800 - Rs. 1500 - Rs. 150 = Rs. 150
9.
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
10.
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
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