(i) A shopkeeper bought an item for Rs. 200 and sold it for Rs. 250. What is the profit percentage?
(a) 20%
(b) 25%
(c) 30%
(d) 35%
(ii) If a product is marked at Rs. 500 and sold at a 10% discount, what is the selling price?
(a) Rs. 450
(b) Rs. 460
(c) Rs. 470
(d) Rs. 480
(iii) A shopkeeper sells a bicycle for Rs. 8000 and gains 20% profit. What was the cost price?
(a) Rs. 6000
(b) Rs. 6500
(c) Rs. 6600
(d) Rs. 6700
(iv) A man bought a TV for Rs. 25000 and sold it at a 5% loss. What was the selling price?
(a) Rs. 23500
(b) Rs. 24000
(c) Rs. 24750
(d) Rs. 25000
(v) A pen costs Rs. 60 after a 20% discount. What is the marked price?
(a) Rs. 70
(b) Rs. 72
(c) Rs. 75
(d) Rs. 80
(i) If the cost price is Rs. 100 and the selling price is Rs. 110, then the profit percentage is 10%.
(ii) Selling an item at a price lower than its cost price always results in a profit.
(iii) The discount percentage is calculated based on the selling price.
(iv) If a shopkeeper sells an item at a loss, then the selling price is less than the cost price.
(v) Marked price and selling price are always the same.
(i) Calculate the loss percentage if the cost price is Rs. 150 and the selling price is Rs. 120.
(ii) If a seller gains 15% profit on selling an article for Rs. 690, find the cost price.
(iii) A product is marked at Rs. 2000 and sold for Rs. 1800. What is the discount percentage?
(iv) What is the selling price if a shopkeeper wants to gain 25% profit on an item whose cost price is Rs. 400?
(v) A man buys a book for Rs. 300 and sells it for Rs. 270. Calculate the loss and loss percentage.
30 videos64 docs19 tests

1. What is the difference between gross profit and net profit? 
2. How can a business increase its profit margin? 
3. What are some common expenses that can impact a company's profit and loss statement? 
4. How does depreciation affect a company's profit and loss statement? 
5. What is the significance of analyzing a company's profit and loss statement? 

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