Find Profit & Cost 6
Q. Find the cost price of an article sold for âš1470 at a profit of 16 2/3%. āĻāĻ āĻŦāϏā§āϤ⧠⧧ā§Ŧ 2/3% āϞāĻžāĻāϤ âš1470āϤ āĻŦāĻŋāĻā§ā§°ā§ āĻā§°āĻž āĻšā§āĻāĻŋāϞ, āĻāϝāĻŧāĻžā§° āĻā§ā§°āϝāĻŧ āĻŽā§āϞā§āϝ āĻāĻŋāĻŽāĻžāύ ?
Soln
1st : Convert Profit % into Fraction / % → Fraction
- 16 2/3% = 50/3 % = 16.666…%
2nd : Use Unit Method / āĻāĻāĻ āĻĒāĻĻā§āϧāϤāĻŋ
- Assume CP = 100 units → SP = 100 + Profit%
- SP = 100 + 16 2/3 = 116 2/3 units = 350/3 units
- Ratio → CP : SP = 100 : 116 2/3 = 300 : 350 units
3rd : Find Value of 1 unit / ā§§ āĻāĻāĻā§° āĻŽā§āϞā§āϝ
SP = âš1470 → 350 units = 1470
- 1 unit = 1470 ÷ 350 = âš4.2
4th : Find CP / āĻā§ā§°āϝāĻŧ āĻŽā§āϞā§āϝ āĻāϞāĻŋāĻā§ąāĻž
CP = 300 units → 300 × 4.2 = âš1260
Ans / āĻāϤā§āϤ⧰: Cost Price = âš1260, āĻā§ā§°āϝāĻŧ āĻŽā§āϞā§āϝ = âš1260
Trick 1: Always convert fractional % into improper fraction → easier unit calculation.āĻāĻžāĻ % āĻā§āĻ improper fractionāϤ ā§°ā§āĻĒāĻžāύā§āϤ⧰ āĻā§°āĻ → āĻāĻāĻ āĻĒāĻĻā§āϧāϤāĻŋāϤ āϏ⧰āϞ āĻāĻŖāύāĻž āĻšāϝāĻŧāĨ¤
Trick 2: Always scale units proportionally → fast CP calculation.āĻā§ā§°āĻŋāĻ: āĻāĻāĻ āĻ āύā§āϝāĻžā§ā§ proportion āĻā§°āĻŋ CP ā§°ā§āĻ āϏ⧰āϞāĻāĻžā§ąā§ āĻāϞāĻŋāĻā§ąāĻž āϝāĻžā§āĨ¤
Short Trick Formula / āĻā§ā§°āĻŋāĻ āĻĢā§°ā§āĻŽā§āϞāĻž
CP = 1470×100 / 1162/3 = 1260
Trick 3: Use the CP = SP × 100 / (100 + Profit%) formula directly for all fractional % → saves time in exams. āĻā§ā§°āĻŋāĻ: āϝāĻŋāĻā§āύ⧠fraction āϞāĻžāĻ % āϤ āĻāĻ formula āϏ⧰āϞāĻāĻžā§ąā§ āĻŦā§āĻ¯ā§ąāĻšāĻžā§° āĻā§°āĻŋāĻŦ āĻĒāĻžā§°āĻŋāĨ¤
Q. A shopkeeper sells an article at 16 2/3% profit on Selling Price (SP). Find the actual profit percentage on the Cost Price (CP). āĻāĻāĻāύ āĻĻā§āĻāĻžāύāĻĻāĻžā§°ā§ āĻŦāĻŋāĻā§ā§°āϝāĻŧ āĻŽā§āϞā§āϝāϤ 16 2/3% āϞāĻžāĻ āĻĻā§āĻāĻžāĻ āĻŦāϏā§āϤā§āĻā§ āĻŦāĻŋāĻā§ā§°ā§ āĻā§°āĻŋāϞā§, āϏāĻāĻāĻž āϞāĻžāĻ āĻļāϤāĻžāĻāĻļ āĻāĻŋāĻŽāĻžāύ ?
āϏāĻŽāĻžāϧāĻžāύ
16 2/3% = 16.666…% = 50/3%
SP āĻāĻŋāϤā§āϤāĻŋāϤ āϞāĻžāĻ = 16.666…% = 1/6 (one-sixth)
āϧ⧰āĻŋ āϞāĻāĻ:
- SP = 6 āĻ āĻāĻļ
- Profit = 1 āĻ āĻāĻļ
- CP = SP - Profit = 6 - 1 = 5 āĻ āĻāĻļ
Real Profit % = (Profit / CP) × 100
= (1/5) × 100
= 20% āϞāĻžāĻ
Soln
16 2/3% = 16.666…% = 1/6
Let:
- SP = 6 units
- Profit = 1 unit
- CP = SP - Profit = 6 − 1 = 5 units
Actual Profit % = (Profit/CP) × 100
= (1/5) × 100
= 20%
Quick Trick / āϏ⧰⧠āĻā§ā§°āĻŋāĻ
If profit is given on SP → Convert to CP profit:
=16 2/3/100−16 2/3×100 = 20% Ans / āĻāϤā§āϤ⧰
20% āϏāĻāĻāĻž āϞāĻžāĻ (Real Profit)
Q. If the Cost Price (CP) and Selling Price (SP) of an article are in the ratio 20 : 17, find the loss percentage.
Options: (a) 15% (b) 12% (c) 17% (d) 21%
Soln
CP : SP = 20 : 17
Loss = 20 − 17 = 3
Loss % = Loss / CP×100 = 3/20×100 = 15%
Ans: (a) 15%
Exam Trick : When CP : SP = a : b and a > b,
Loss % = a−b/aâ×100
Here: (20 - 17)/20 × 100 = 15%
Q. 3 pencils and 5 pens together cost Rs.101, whereas 5 pencils and 3 pens together cost Rs.91. The cost of 2 pencils and 2 pens together is:
Option : - (a) Rs.45 (b) Rs.36 Ich Rs.48 (d) Rs.32
Soln
Here, P = cost of 1 pencilQ = cost of 1 pen
Given two equations:
Add them: (3P + 5P) + (5Q + 3Q) = 101 + 91
8P + 8Q = 192
2P + 2Q = 48 (Because 8P + 8Q is 4 times bigger than 2P + 2Q, so divide by 4.)
Ans : 2 pencils + 2 pens cost = Rs.48