Profit and Loss Part-2
Rule : If a businessman marks his
goods at x % above his cost prie and allowed purchasers a discount of y %
for cash, then % proft or % loss according to + ve or - ve sign is will
be
Ex. A grocer allows a discount of 8 % . How much % above cost price he must mark his goods to make a profit of 12 % ?
Solution :
Rule : Goods Passing through successive hands
:- If A sells a good to B at profit of x %, B sells it to C at a profit
of y %. If P Rs. is paid by C then what was the cost price for A?
Ex. If A sells a good to B at profit
of 15 %, B sells it to C at a profit of 20 %. If 300 Rs. is paid by C
then what was the cost price for A?
Rule : If A takes a profit of x % by
selling it to B and B takes a profit of y % by selling it to C then the
resultant profit percentage is given by -
Rule : If A takes a profit of x % by
selling it to B and B takes a loss of y % by selling it to C then the
resultant profit percentage is given by -
Ex. If A sells a good to B at profit of 15 %, B sells it to C at a profit of 20 %. What is the resultant profit and loss ?
Ex. By selling a shirt at price 500 a trader get loss of 10 %. At what price he must sell the shirt in order to get 5 % of profit ?
Solution : Use the formula of Goods Passing through successive hands, here for loss x will be -10 %
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