Chapter 10: Profit and Loss

Page number: 134

Exercise 10A

Question 1:
(i)
Solution:
CP = Rs. 620
SP = Rs.713
Gain = SP – CP = Rs.(713 – 620) = Rs. 93
gain 93
gain%  100  100  15%

A
CP 620
(ii)
Solution:
CP = Rs.675, SP = Rs. 630
Loss = CP - SP = Rs.(675 – 630) = Rs. 45
 Loss   45 
Loss %    100     100   6.67%
 CP   675 
(iii)
Solution:
L
CP = Rs.345, SP = Rs. 372.60
Gain = SP - CP = Rs.(372.60 – 345) = Rs. 27.6
 Gain   27.6 
Gain%    100     100   8%
 CP   345 
(iv)
Solution:
CP = Rs.80, SP = Rs. 76.80
Loss = CP - SP = Rs.(80 – 76.80) = Rs. 3.2
Q
 Loss   3.2 
Loss %    100     100   4%
 CP   80 

Question 2:
(i)
Solution:
CP = Rs. 1650
Gain = 4%

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

 100  gain% 
SP    CP 
 100 
 100  4  
  1650 
 100 
104
  1650
100
 Rs.1716
(ii)
Solution:
CP = Rs. 915

A
2
Gain = 6 %
3
100  gain% 
SP    CP 
 100 
 20  
 100  3  
    915

 100 
 
320
  915
L
300
 Rs.976
(iii)
Solution:
CP = Rs. 875
Loss = 12%
100  loss % 
SP    CP 
 100 
Q
 100  12  
  875
 100 
82
  875
100
 Rs.717.5
(iv)
Solution:
CP = Rs. 645
1
Loss = 13 %
3

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

 100  loss % 
SP    CP 
 100 
 40  
 100  3  
    645

 100 
 
340
  645
300
 Rs.731

A
Question 3:
(i)
Solution:
 100 
CP    SP 
 100  Gain%  
 100 
  1596 
 100  12  
159600

112
L
 Rs.1425
(ii)
Solution:
 100 
CP    SP 
 100  loss %  
 
 100 
  2431
Q
  100  13  
  2 
243100
 2
187
 Rs.2600

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

(iii)
Solution:
 100 
CP    SP 
 100  loss %  
 100 
  657.60 
 100  4  
65760

96
 Rs.685
(iv)

A
Solution:
 100 
CP    SP 
 100  Gain%  
 
 100 
  34.40 
 100  15  
  2 
3440
 2
L
215
 Rs.32

Question 4:
Solution: CP = Rs. 12160
Transportation cost = Rs.340
Therefore total CP = 12160 + 340 = 12500
SP = Rs.12875
Q
Gain = SP – CP = Rs.(12875 – 12500) = Rs. 375
gain 375
gain%  100   100  3%
CP 12500

Question 5:
Solution: Cost price of old car = Rs. 73500
Repair cost = Rs.10300
Insurance cost = Rs.2600
Total cost price = Rs.(73500 + 10300 + 2600) = Rs. 86400
SP = Rs.84240
Now, SP ˂ CP
Loss = CP – SP = (86400 – 84240) = Rs.2160

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

  Loss   2160 
Loss %    100     100   2.5%
 CP   86400 

Question 6:
Solution:
CP of 20 kg rice = Rs. 36 × 20 = Rs.720
CP of 25 kg rice = Rs.32  25  Rs.800
Total quantity = 20 + 25 = 45 kg
Total CP = 720 + 800 = Rs.1520
SP of 45 kg rice = Rs.38 × 45 = Rs.1710
Gain = SP – CP = (1710 – 1520) = Rs.190

A
 gain 
Gain%   100 
 CP 
 190 
 100 
 1520 
 12.5%

Question 7:
Solution: Let 5 kg of coffee be mixed with 2 kg of chicory.
CP of 5 kg coffee = Rs. 250 × 5 = Rs.1250
L
CP of 2 kg rice = Rs.75 2  Rs.150
Total quantity = 5 + 2 = 7 kg
Total CP = 1250 + 150 = Rs.1400
SP of 7 kg mixture = Rs.230 × 7 = Rs.1610
Gain = SP – CP = (1610 – 1400) = Rs.210
 gain 
Gain%   100 
 CP 
Q
 210 
 100 
 1400 
 15%

Question 8:
Solution: Let the CP of one water bottle be Re.1
CP of 16 water bottles = Rs.16
SP of 16 water bottles = CP of 17 water bottles = Rs.17
Gain = SP – CP = Rs.(17 – 16) = Rs.1

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

  gain 
gain%    100 
 CP 
1 
  100 
 16 
 6.25%

Question 9:
Solution: Let the CP of one candle be Re.1
CP of 15 water bottles = Rs.15
SP of 15 candles = CP of 12 candles = Rs.12

A
loss = CP – SP = Rs.(15 – 12) = Rs.3
 loss 
loss %   100 
 CP 
 3 
  100 
 15 
 20%

Question 10:
Solution: Let x be the SP of one cassette.
L
SP of 5 cassettes = 5x
SP of 130 cassettes = 130x
Gain = 5x , when SP = 130x
Gain = SP – CP
CP = SP – Gain
 130 x  5 x
 125 x
 gain 
gain%    100 
Q
 CP 
 5x 
 100 
 125 x 
 4%

Question 11:
Solution: Let x be the SP of one lemon.
SP of 45 lemons = 45x
SP of 3 lemons= 3x
Gain = 3x , when SP = 45x
loss = CP – SP

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

CP = loss + SP
 45 x  3x
 48 x
 loss 
loss %   100 
 CP 
 3x 
 100 
 48 x 
 6.25%

Question 12:

A
Solution: CP of 6 oranges = Rs.20
20
CP of one orange = Rs.  3.33
6
SP of 4 oranges = Rs.18
18
SP of one orange = Rs.  4.5
4
Gain = SP – CP = 4.5 – 3.33 = Rs.1.17
 gain 
gain%    100 
 CP 
L
 1.17 
  100 
 3.33 
 35.13%

Question 13:
Solution: CP of 12 bananas = Rs.40
40
CP of one banana = Rs.  3.33
12
Q
SP of 10 bananas = Rs.36
36
SP of one banana = Rs.  3.6
10
Gain = SP – CP = 3.6 – 3.33 = Rs.0.27
 gain 
gain%    100 
 CP 
 0.27 
  100 
 3.33 
 8.1%

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

Question 14:
Solution:
CP of 10 apples = Rs.75
75
CP of one apple = Rs.  7.5
10
SP of 12 apples = Rs.75
75
SP of one apple = Rs.  6.25
12
loss = CP – SP = 7.5 – 6.25 = Rs.1.25
 loss 
loss %   100 
 CP 

A
 1.25 
 100 
 7.5 
 16.67%

Question 15:
Solution: Let the number of eggs bought be x .
 16  16 x
Then, CP  Rs.   x   Rs.
 3  3
 36 
L
36 x
SP  Rs.   x   Rs.
 5  5
Gain = Rs. 168
Gain = SP – CP
36 x 16 x
168  
5 3
108 x  96 x
168 
15
Q
12 x  2520
 x  210
Therefore, number of eggs bought = 210.

Question 16:
Solution:
SP of the camera = Rs.1080
Let x be the CP.
1
Gain = Rs. x ………..(i)
8
Also, gain = SP – CP = Rs.(1080 - x )……………(ii)
From (i) and (ii) we have,

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

1
x  1080  x
8
x  8640  8 x
9 x  8640
x  960
 CP  Rs.960
1 960
Now, gain = Rs. x   Rs.120
8 8
 120 
gain%    100  %
 960 

A
1
 12 %
2

Question 17:
Solution:
SP of pen = Rs.54
Let x be the CP of pen
x
Loss = Rs.
10
SP = CP – loss
L
x
 x
10
9x
 Rs.
10
9x
Now, we have  54
10
10
x  54 
Q
9
x  60
Therefore, CP of pen = Rs.60
x
Now, loss = Rs.
10
60
  Rs.6
10
 loss 
Loss% =   100 
 CP 

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

  6 
  100 
 60 
 10%

Question 18:
Solution:
Let the CP be x
10 x
Loss = 10% of x = x  Rs.
100 10
x 9x
SP in case of loss = CP – Loss = x   Rs.

A
10 10
10 x
Gain% = 10% of x = x  Rs.
100 10
x 11x
SP in case of profit = CP + Profit = x   Rs.
10 10
It is given that dealer gets Rs.940 more if sold at a profit of 10% instead of loss of 10%.
SP in case of profit – SP in case of loss = 940
11x 9 x
  940
10 10
2x
L
 940
10
x  4700
Hence, CP of table is Rs.4700.

Question 19:
Solution:
Let x be the CP.
 gain1 
Q
Gain% =   100 
 CP 
gain1
15   100
x
15 x
gain1 
100
Similarly,

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

  gain2 
gain2 %    100 
 x 
gain2
8  100
x
8x
gain2 
100
We have,
gain1  gain2  56
15 x 8 x
  56
100 100

A
7x
 56
100
7 x  5600
x  800
Hence CP of chair is Rs.800.

Question 20:
Solution:
Let CP be x.
10 110
L
SP when gain is 10% = x  x
100 100
14 114
SP when gain is 14% = x  x
100 100
Difference in SP = SP when gain is 14% - SP when gain is 10%
114 x 110 x
  260
100 100
4x
 260
Q
100
x  6500
Hence, the CP of cycle is Rs.6500.

Question 21:
Solution:
40 kg of wheat is bought for Rs.12.50/kg
CP of 40 kg wheat = 40 × 12.50 = Rs.500
30 kg of wheat is bought for Rs.14/kg
CP of 30 kg wheat = 30 × 14 = Rs.420
Total CP = 500 + 420 = Rs.920

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

 5
Profit = 5% of 920 =  920  Rs.46
100
Let SP be x.
Profit = SP – CP
x  920  46
x  Rs.966
SP of 70 kg wheat is Rs.966
966
SP of 1 kg wheat =  Rs.13.80
70
Thus, selling price of mixture is Rs.13.80/kg.

A
Question 22:
Solution:
CP of first bat = Rs.840
Profit % on first bat = 15%
15
Profit =  840  Rs.126
100
SP of first bat = 840 + 126 = Rs.966
CP of second bat = Rs.360
loss % on second bat = 5%
L
5
loss =  360  Rs.18
100
SP of second bat = 360 - 18 = Rs.342
Total CP of bats = CP of first bat + CP of second bat = 840 + 360 = Rs.1200
Total SP of bats = SP of first bat + SP of second bat = 966 + 342 = Rs.1308
Here, SP > CP
Gain = total SP – total CP = 1308 – 1200 = Rs.108
gain 108
Q
Total gain% = 100  100  9%
totalCP 1200

Question 23:
Solution:
CP of first jeans = Rs.1450
Profit % on first bat = 8%
8
Profit = 1450  Rs.116
100
SP of first jeans = 1450 + 116 = Rs.1566
CP of second jeans = Rs.1450
loss % on second jeans = 4%

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

 4
loss = 1450  Rs.58
100
SP of second jeans = 1450 - 58 = Rs.1392
Total CP of jeans = CP of first jeans + CP of second jeans = 1450 + 1450 = Rs.2900
Total SP of jeans = SP of first jeans + SP of second jeans = 1566 + 1392 = Rs.2958
Here, SP > CP
Gain = total SP – total CP = 2958 – 2900 = Rs.58
gain 58
Total gain% = 100   100  2%
totalCP 2900

Question 24:

A
Solution:
CP of 1 kg rice = Rs.25
CP of 200 kg rice = 200 ×25 = Rs.5000
CP of 80 kg rice = 25 × 80 = Rs.2000
CP of 40 kg rice = 25 × 40 = Rs.1000
100  gain% 110
SP of 80 kg rice =  CP   2000  Rs.2200
100 100
100  gain% 96
SP of 40 kg rice =  CP  1000  Rs.960
100 100
L
100  gain% 108
SP of 200 kg rice =  CP   5000  Rs.5400
100 100
Remaining quantity of rice = 200 – (80 + 40) = 80 kg
SP of remaining 80 kg rice = 5400 – 2200 – 960 = Rs.2240
2240
Rate per kg =  Rs.28
80

Question 25:
Q
Solution:
Let the CP of TV be x.
6 6
SP of TV set = CP  Rs. x
5 5
6 x
Gain = SP – CP = x  x  Rs.
5 5
x
gain 100
Gain% = 100  5 100   20%
CP x 5

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

Question 26:
Solution:
Let the CP of flower vase be x.
5 5
SP of flower vase = CP  Rs. x
6 6
5 x
loss = CP – SP = x  x  Rs.
6 6
x
loss 100 50 2
loss% = 100  6 100    16 %
CP x 6 3 3

A
Question 27:
Solution:
SP of the bouquet = Rs.322
Gain% = 15%
 100 
CP of bouquet =    SP
 100  gain% 
 100 
   322
 100  15 
100
L
  322
115
 Rs.280

Question 28:
Solution:
Let the CP of umbrella be x.
SP of umbrella = Rs.336
Q
4
Loss = 4% of x = Rs. x
100
CP – loss = SP
4
x x  336
100
96 x
 336
100
x  Rs.350

Question 29:
Solution:
Let the original price be x.

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

SP = Rs.3120
Now, SP = CP – loss
4
3120  x 
100
x
x
3120  x 
25
24 x
3120 
25
3120  25
x
24

A
x  3250
So, CP is Rs.3250
SP > CP
Gain = SP – CP = 3445 – 3250 = Rs.195
 gain  195
Gain% =   100    100  6%
 CP  3250

Question 30:
Solution:
L
SP of first saree = Rs.1980
Loss = 10%
Let the CP of first saree be x.
CP = loss + SP
10
x  1980  x
100
10
x x  1980
100
Q
90 x
 1980
100
x  Rs.2200
So, CP of first saree = Rs.2200
SP of second saree = Rs.1980
Gain = 10%
Let the CP of second saree be y
CP = SP – gain

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

 10
1980  yy
100
10
y y  1980
100
11
y  1980
100
y  Rs.1800
So, CP of second saree is Rs.1800
Total CP = 2200 + 1800 = Rs.4000
Total SP = 1980 + 1980 = Rs.3960
Here, SP < CP

A
Loss = CP – SP = 4000 – 3960 = Rs.40
loss 40
Loss% = 100  100  1%
totalCP 4000

Question 31:
Solution:
SP of first fan = Rs.1140
Gain = 14%
Let the CP of first fan be x.
L
CP = SP – gain
14 x
x  1140 
100
14 x
x  1140
100
114 x
 1140
100
x  Rs.1000
Q
So, CP of first fan = Rs.1000
SP of second fan = Rs.1140
Loss = 5%
Let the CP of second fan be y.
CP = loss + SP
5
y y  1140
100
5
y y  1140
100
95
y  1140
100
y  Rs.1200

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

CP of second fan = Rs.1200
Total CP = 1000 + 1200 = Rs.2200
Total SP = 1140 + 1140 = Rs.2280
Here, SP > CP
Gain = total SP – total CP = 2280 – 2200 = Rs.80
gain 80
Total Gain% = 100   100  3.64%
totalCP 2200

Question 32:
Solution:
Let the CP of watch for Vinod be x.

A
SP = gain + CP
12
 xx
100
112
 Rs. x
100
Now, SP of the watch for Vinod will be CP of the watch for Arun.
SP of watch for Arun = CP – loss
112 x 5  112 x 
   
100 100  100 
L
112 x  5 
 1  
100  100 
112 x  95 
  
100  100 
SP of watch for Arun will be CP of watch for Manoj.
But CP for Manoj = Rs.3990
So,
Q
112 x  95 
   3990
100  100 
3990 100  100
x  3750
112  95
Thus, Vinod paid Rs.3750 for the watch.

Question 33:
Solution:
CP of plot of land = Rs.480000
2 2
CP of of land =  480000  Rs.192000
5 5
Loss = 6%

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

 2
SP of of land = CP – loss
5
6
 192000   480000
100
 Rs.180480
3
CP of of land = 480000 – 192000 = Rs.288000
5
Total gain = 10%
10
Total gain =  480000  Rs.48000
100

A
Total SP = CP + gain = 480000 + 48000 = Rs.528000
3
SP of of land = 528000 – 180480 = Rs.347520
5
3 3 3
Gain on of land = SP of of land - CP of of land
5 5 5
 347520  288000
 Rs.59520
gain 59520 2
Gain% on remaining part of plot = 100  100  20 %
CP 288000 3
L
Question 34:
Solution:
CP of sugar = Rs.4500
Profit on one-third of sugar = 10%
4500
CP of one-third sugar =  Rs.1500
3
100  gain% 110
SP of one-third sugar =  CP  1500  Rs.1650
Q
100 100
Now, profit = 1650 – 1500 =Rs.150
At a profit of 12% we have,
100  gain% 112
SP of sugar =  CP   4500  Rs.5040
100 100
Gain = 5040 – 4500 = Rs.540
Profit on remaining amount of sugar = 540 – 150 = Rs.390
CP of remaining sugar = 4500 – 1500 = Rs.3000
 gain 
Gain% =   100 
 CP 

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

  390 
 100 
 3000 
 13%
Therefore profit on remaining amount of sugar is 13%.

Page number: 138

Exercise 10B

Question 1.
Solution:

A
Marked price = Rs.4650
Discount = 18% of marked price
18
  4650  Rs.837
100
SP = marked price – discount
= 4650 – 837
= Rs.3813
Therefore, selling price of cooler is Rs.3813.
L
Question 2.
Solution:
Marked price = Rs.960
Selling price = Rs.816
Discount = MP – SP
= 960 – 816
= Rs.144
100
Rate of discount = 144   15%
Q
960
Therefore, discount on sweater is 15%.

Question 3.
Solution:
SP of the Shirt = Rs.1092
Discount = Rs.208
MP = SP + discount = 1092 + 208 = Rs.1300
discount 208
So, rate of discount = 100   100  16%
MP 1300

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

Question 4.
Solution:
SP = Rs.216.20
Rate of discount = 8%
MP = ?
SP = MP – discount
Let MP be x.
Now,
8
x x  216.20
100
92 x
 216.20

A
100
92 x  21620
x  235
So, MP = Rs.235

Question 5.
Solution:
CP = Rs.528
Rate of discount = 12%
L
MP = ?
SP = MP – discount
Let MP be x.
Now,
12
x x  528
100
88 x
 528
100
Q
88 x  52800
x  600
So, MP = Rs.600

Question 6.
Solution:
Let Rs.100 be the CP.
Then, MP = Rs.135
Discount = 20% of MP
20
  135  Rs.27
100
SP = MP – discount

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

  135  27
 Rs.108
Now, gain = SP – CP
 108  100
 Rs.8
gain
gain%   100
CP
8
  100
100
 8%

A
Question 7.
Solution:
Let Rs.100 be the CP.
Then, MP = Rs.140
Discount = 30% of MP
30
  140  Rs.42
100
SP = MP – discount
 140  42
L
 Rs.98
Now, loss = CP – SP
 100  98
 Rs.2
loss
loss %  100
CP
2
 100
Q
100
 2%

Question 8.
Solution:
CP of fan = Rs.1080
Gain% = 25%

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

  100  gain%  
 SP    CP 
 100 
 100  25  
  1080 
 100 
125
  1080
100
 Rs.1350
Let the MP be x.
25 x
Discount = 25% of x =
100

A
SP = MP – discount
25 x
1350  x 
100
100 x  25 x
1350 
100
135000  75 x
x  1800
Therefore MP of fan = Rs.1800.
L
Question 9.
Solution:
CP of refrigerator = Rs.11515
Gain% = 20%
 100  gain%  
 SP    CP 
 100 
 100  20  
  11515
Q
 100 
120
  11515
100
 Rs.13818
Let the MP be x.
16 x
Discount = 16% of x =
100
SP = MP – discount

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

 16 x
13818  x 
100
100 x  16 x
13818 
100
1381800  84 x
x  16450
Therefore MP of refrigerator = Rs.16450.

Question 10.
Solution:
CP of ring = Rs.1190

A
Gain% = 20%
 100  20%  
 SP    CP 
 100 
 100  20  
  1190 
 100 
120
  1190
100
 Rs.1428
L
Let the MP be x.
16 x
Discount = 16% of x =
100
SP = MP – discount
16 x
1428  x 
100
100 x  16 x
1428 
100
Q
142800  84 x
x  1700
Therefore MP of ring = Rs.1700.

Question 11.
Solution:
Let Rs.100 be the CP.
Gain required = 17%
Therefore, SP = Rs.117
Let the MP be x.
Then, Discount = 10% of MP

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

 10 x
  x  Rs.
100 10
SP = MP – discount
x
117  x 
10
9x
117 
10
9 x  1170
x  130
Hence, MP is 30% above CP.

A
Question 12.
Solution:
Let Rs.100 be the CP.
Gain required = 8%
Therefore, SP = Rs.108
Let the MP be x.
Then, Discount = 10% of MP
10 x
  x  Rs.
100 10
L
SP = MP – discount
x
108  x 
10
9x
108 
10
9 x  1080
x  120
Hence, MP is 20% above CP.
Q

Question 13.
Solution:
MP of the TV = Rs.18500
First discount = 20% of MP
20
  18500
100
 Rs.3700
Price after first discount = 18500 – 3700 = Rs.14800
Second discount = 5% of 14800

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

 5
  14800
100
 Rs.740
Price after second discount = 14800 – 740 = Rs.14060
Hence, the TV is available for Rs.14060.

Question 14.
Solution:
Let the MP of the article be Rs.100
First discount = 20% of MP = Rs.20
Price after first discount = 100 - 20 = Rs.80

A
Second discount = 5% of 80
5
  80
100
 Rs.4
Price after second discount = 80 - 4 = Rs.76
Net selling price = Rs.76
So, single discount equivalent to the given successive discounts = 100 – 76 = 24%.
L
Page number: 139
Exercise 10C

Question 1.
Solution:
List price of refrigerator = Rs.14650
Sales tax = 6% of 14650
Q
6
  14650
100
 Rs.879
Bill amount = 14650 + 879 = Rs.15529
Hence, cost of refrigerator is Rs.15529.

Question 2.
Solution:
(i) cost of tie = Rs.250
Sales tax = 6% of 250

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

 6
  250
100
 Rs.15
Bill amount = 250 + 15 = Rs.265
(ii) cost of medicines = Rs.625
Sales tax = 4% of 625
4
  625
100
 Rs.25
Bill amount = 625 + 25 = Rs.650
(iii) cost of cosmetics = Rs.430

A
Sales tax = 10% of 430
10
  430
100
 Rs.43
Bill amount = 430 + 43 = Rs.473
(iv) cost of clothes = Rs.1175
Sales tax = 8% of 1175
8
  1175
100
L
 Rs.94
Bill amount = 1175 + 94 = Rs.1269
Therefore, total amount = 265 + 650 +473 + 1269 = Rs.2657

Question 3.
Solution:
Let the original price of the watch be x.
VAT = 10% of x
Q
10
 x
100
x 11x
Price including VAT = x   Rs.
10 10
Now,
11x
 1980
10
11x  19800
x  1800
So, original price of watch is Rs.1800.

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

Question 4.
Solution:
Let the original price of the shirt be x.
VAT = 7% of x
7
 x
100
7x 107 x
Price including VAT = x   Rs.
100 100
Now,
107 x
 1337.50
100

A
107 x  133750
x  1250
So, original price of shirt is Rs.1250.

Question 5.
Solution:
Let the price of 10 g gold be x.
VAT = 1% of x
1

L
x
100
x 101x
Price including VAT = x   Rs.
100 100
Now,
101x
 15756
100
101x  15756
x  15600
Q
So, price of 10 g gold is Rs.15600.

Question 6.
Solution:
Let the original price of the computer be x.
VAT = 4% of x
4
 x
100
4x 104 x
Price including VAT = x   Rs.
100 100
Now,

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

104 x
 37960
100
104 x  3796000
x  36500
So, original price of computer is Rs.36500.

Question 7.
Solution:
Let the original price of the spare parts be x.
VAT = 12% of x
12

A
 x
100
12 x 112 x
Price including VAT = x   Rs.
100 100
Now,
112 x
 20776
100
112 x  2077600
x  18550
So, original price of spare parts is Rs.18550.
L
Question 8.
Solution:
Let the list price of the TV set be x.
VAT = 8% of x
8
 x
100
Q
8x 108 x
Price including VAT = x   Rs.
100 100
Now,
108 x
 27000
100
108 x  27000 100
x  25000
So, list price of TV set is Rs.25000.

Question 9.
Solution:
Let the rate of VAT be x%.

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

Then we have,
840  x%of 840  882
x
 840  882  840
100
84 x
 42
100
84 x  4200
x5
Therefore, the rate of VAT is 5%.

Question 10.

A
Solution:
Let the rate of VAT be x%.
Then we have,
18500  x%of 18500  19980
x
 18500  19980  18500
100
185 x  1480
x8
Therefore, the rate of VAT is 8%.
L
Question 11.
Solution:
Let the rate of VAT be x%.
Then we have,
34000  x%of 34000  382500
x
 34000  382500  34000
100
Q
3400 x  42500
x  12.5
Therefore, the rate of VAT is 12.5%.

Page number: 140

Exercise 10D
OBJECTIVE QUESTIONS:
Tick () the correct answer in each of the following:

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

Question 1.
1
Solution: (c) 33 %
3
Question 2.
1
Solution: (b) 12 %
2
Question 3.
Solution: (b) 25%

Question 4.
Solution: (d) Rs.72

A
Question 5.
Solution: (c) 120%

Question 6.
Solution: (d) 125%

Question 7.
Solution: (c) 20%

Question 8.
L
Solution: (b) 25%

Question 9.
Solution: (d) 150%

Question 10.
Solution: (d) 25%
Q
Question 11.
Solution: (a) 4%

Question 12.
Solution: (a) 20%

Question 13.
Solution: (b) Rs.1200

Question 14.
Solution: (a) 5%

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

Question 15.
Solution: (c) 1.5% loss

Question 16.
Solution: (b) Rs.530

Question 17.
Solution: (c) Rs.198

Question 18.
Solution: (a) Rs.50

A
Question 19.
Solution: (b) 8%

Question 20.
Solution: (c) 1% loss

Question 21.
Solution: (c) Rs.750
L
Page number: 142
TEST PAPER 10
A. Question 1.
Solution:
SP = Rs.322
Gain = 15%
Q
 100 
CP    SP 
 100  gain%  
 100 
  322 
 100  15  
 Rs.280
Now, desired SP,

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

  100  gain%  
SP    CP 
 100 
 100  20  
  280 
 100 
 Rs.336

Question 2.
Solution: Let the CP of each pen be Rs.x .
CP of 16 pens = Rs.16x
SP of 16 pens = CP of 12 pens = Rs.12x

A
i.e., CP > SP
Now, loss = CP – SP
 16 x  12 x
 Rs.4 x
loss
Therefore, loss percentage =  100
CP
4x
 100
16 x
 25%
L
Question 3.
Solution:
Let the CP be Rs.x .
Then, we have:
(12% of x ) - (12% of x ) = 30
 12   8 
  x   x   30
 100   100 
Q
 12 x 8 x 
    30
 100 100 
4x
  30
100
 100 
 x   30    Rs.750
 4 
Therefore, the cost price of the chair is Rs.750.

Question 4.
Solution:
Let the CP be Rs.100

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

Then, marked price = Rs.130
Discount = 10% of MP
= (10% of Rs.130)
10
= 130 ×
100
= Rs.13
Now, SP = MP – discount
= 130 – 13
= Rs.117
Therefore, gain% = (117 – 100)% = 17%.

A
Question 5.
Solution:
Let the marked price be Rs.100.
Then, first discount on it = Rs.20
Price after first discount = 100 – 20 = Rs.80
Second discount = 10% of Rs.80
10
 80 
100
 Rs.8
L
Price after second discount = 80 – 8 = Rs.72
Net selling price = Rs.72
Therefore, Single discount equivalent to given successive discounts = (100 – 72)% = 28%

Question 6.
Solution:
Let the original price be Rs.x.
VAT = 10% of x
Q
 10 
  x 
 100 
x
 Rs.
10
 x  11x
Price including VAT = Rs.  x    Rs.
 10  10
11x
  1870
10
10
 x  1870   Rs.1700
11
Therefore the original price of the watch is Rs. 1700.

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)

B. Mark () against the correct answer in each of the following:
Question 7.
Solution: (b) 25%

Question 8.
Solution: (d) 25%

Question 9.
Solution: (b) 20%

A
Question 10.
Solution: (c) Rs.920

Question 11.
Solution: (b) 9%

Question 12.
Solution: (c) Rs.750
L
C. Question 13.
Solution:
(i) The discount is reckoned on the marked price.
(ii) Gain or loss is always reckoned on the cost price.
(iii) SP = (Marked price) – (discount).
(iv) VAT is charged on the selling price of the article.

D. Question 14.
Q
Solution:

(i) SP 
100  loss%   CP. - F
100
100
(ii) CP   SP. - T
100  gain% 
(iii) Gain is reckoned on the selling price. - F
(iv) The discount is allowed on the marked price. -T

NOTES BY ~ QUANTA LEARNING ACADEMY (QLA)