Find Profit & Cost 6


Q. Find the cost price of an article sold for ₹1470 at a profit of 16 2/3%. āĻāĻ• āĻŦāĻ¸ā§āϤ⧁ ā§§ā§Ŧ 2/3% āϞāĻžāĻ­āϤ ₹1470āϤ āĻŦāĻŋāĻ•ā§ā§°ā§€ āϕ⧰āĻž āĻšā§ˆāĻ›āĻŋāϞ, āχāϝāĻŧāĻžā§° āĻ•ā§ā§°āϝāĻŧ āĻŽā§‚āĻ˛ā§āϝ āĻ•āĻŋāĻŽāĻžāύ ?


Soln


1st : Convert Profit % into Fraction / % → Fraction



  • 16 2/3% = 50/3 % = 16.666…%


2nd : Use Unit Method / āĻāĻ•āĻ• 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§§ āĻāĻ•āϕ⧰ āĻŽā§‚āĻ˛ā§āϝ


SP = ₹1470 → 350 units = 1470



  • 1 unit = 1470 ÷ 350 = ₹4.2


4th : Find CP / āĻ•ā§ā§°āϝāĻŧ āĻŽā§‚āĻ˛ā§āϝ āωāϞāĻŋāĻ“ā§ąāĻž


CP = 300 units → 300 × 4.2 = ₹1260


Ans / āωāĻ¤ā§āϤ⧰: Cost Price = ₹1260, āĻ•ā§ā§°āϝāĻŧ āĻŽā§‚āĻ˛ā§āϝ = ₹1260


Trick 1: Always convert fractional % into improper fraction → easier unit calculation.āĻ­āĻžāĻ— % āϕ⧇āχ improper fractionāϤ ā§°ā§‚āĻĒāĻžāĻ¨ā§āϤ⧰ āϕ⧰āĻ• → āĻāĻ•āĻ• āĻĒāĻĻā§āϧāϤāĻŋāϤ āϏ⧰āϞ āĻ—āĻŖāύāĻž āĻšāϝāĻŧāĨ¤


Trick 2: Always scale units proportionally → fast CP calculation.āĻŸā§ā§°āĻŋāĻ•: āĻāĻ•āĻ• āĻ…āύ⧁āϝāĻžā§Ÿā§€ proportion āϕ⧰āĻŋ CP ⧰⧇āϟ āϏ⧰āϞāĻ­āĻžā§ąā§‡ āωāϞāĻŋāĻ“ā§ąāĻž āϝāĻžā§ŸāĨ¤


Short Trick Formula / āĻŸā§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. āĻŸā§ā§°āĻŋāĻ•: āϝāĻŋāϕ⧋āύ⧋ fraction āϞāĻžāĻ­ % āϤ āĻāχ formula āϏ⧰āϞāĻ­āĻžā§ąā§‡ āĻŦā§āĻ¯ā§ąāĻšāĻžā§° āϕ⧰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). āĻāĻ•āϜāύ āĻĻā§‹āĻ•āĻžāύāĻĻāĻžā§°ā§‡ āĻŦāĻŋāĻ•ā§ā§°āϝāĻŧ āĻŽā§‚āĻ˛ā§āϝāϤ 16 2/3% āϞāĻžāĻ­ āĻĻ⧇āĻ–āĻžāχ āĻŦāĻ¸ā§āϤ⧁āĻŸā§‹ āĻŦāĻŋāĻ•ā§ā§°ā§€ āϕ⧰āĻŋāϞ⧇, āϏāρāϚāĻž āϞāĻžāĻ­ āĻļāϤāĻžāĻ‚āĻļ āĻ•āĻŋāĻŽāĻžāύ ?


āϏāĻŽāĻžāϧāĻžāύ


16 2/3% = 16.666…% = 50/3%


SP āĻ­āĻŋāĻ¤ā§āϤāĻŋāϤ āϞāĻžāĻ­ = 16.666…% = 1/6 (one-sixth)


āϧ⧰āĻŋ āϞāĻ“āρ:



  • SP = 6 āĻ…āĻ‚āĻļ

  • Profit = 1 āĻ…āĻ‚āĻļ

  • CP = SP - Profit = 6 - 1 = 5 āĻ…āĻ‚āĻļ


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⧰⧁ āĻŸā§ā§°āĻŋāĻ•


If profit is given on SP → Convert to CP profit:


=16 2/3/100−16 2/3×100 = 20% Ans / āωāĻ¤ā§āϤ⧰


20% āϏāρāϚāĻž 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/a​×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