If he sells the scooter for Rs. If selling price is doubled, the profit triples. A vendor bought toffees at 6 for a rupee. Download: IndiaBIX Android App ! Profit and Loss problems are frequently used in competitive entrance exams and aptitude tests like GMAT, CAT etc. Here are some solved examples.

MBA syllabus like Accounting, Financial Statements and more. In this article we cover the basic definitions, formulas, solved examples and wrap it up with some practice questions. This is the price at which an article is purchased. This is the price at which an article is sold. Profit or Gain: If the selling price is more than the cost price, the difference between them is the profit incurred. Loss: If the selling price is less than the cost price, the difference between them is the loss incurred.

Profit or Loss is always calculated on the cost price. Marked price: This is the price marked as the selling price on an article, also known as the listed price. Discount or Rebate: This is the reduction in price offered on the marked or listed price. An article is purchased for Rs. 450 and sold for Rs. A man sold a fan for Rs. A man bought some toys at the rate of 10 for Rs.

40 and sold them at 8 for Rs. Find his gain or loss percent. The cost price of 10 pens is the same as the selling price of n pens. Let the price of each pen be Re. Then the cost price of n pens is Rs. Find his total gain percentage.

Let us consider 1 kg of grocery bag. Let the cost price of each gram be Re. A man bought two bicycles for Rs. Let the other profit percent be x. Then, our equation looks like this. Find at what percent above the cost price did he mark his goods. Let the cost price be 100.

Let the marked price be x. If the article was sold for Rs. Let the marked price of the article be x. So the article was marked at Rs. When different discounts are applied successively, they CANNOT be added. Let the selling price be x. Find the marked price of the article.

A sells a set of books to B for Rs. What was the original price paid by A? What was the price paid by C to B? Join us on social media for regular updates. Hire us to improve your chances of getting into the top international universities. In this problem, always asked for to find CP. A and B are same on selling the articles at 2400 each , but A calculate his profit on s. B calculate it on c. Let Cost price of A and B are a , b respectively. A incurred loss of 600 while B earned a profit of 480. So over all difference is 1080. Let the Sp be Rs. Thus, The Selling price is Rs. P be X , S. This should be equal to 0.