Profit and Loss Practice Test 2

Question : 33 of 40

Marks: +1, -0

A salesman expects a gain of 13% on his cost price. If in a month his sale was Rs 7,91,000, what was his profit?

Solution:

\table CP ,SP, \Profit %;x,7 91 000 ,13%

CP=100/{100+\gain%} ×SP

=100/{100+13}×7,91,000

= Rs 6,99,999.9 = Rs 7,00,000
Profit = SP - CP = 7,91,000 - 7,00,000 = Rs 91,000

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