Introduction to math problem solver online:
Online Math Problem Solver - Profit and Loss
When we solve this profit and loss math problem we should understand some rules of this problem.
Rules of solving profit and loss problems:
Cost Price (CP) : The price at which a man buys his goods is called the cost price.
Selling Price (SP) : The price at which a man sells his goods is called the Selling price.
When SP > CP the man makes profit.
When CP > SP the man makes loss.
Profit = SP – CP
Loss = CP –SP
Profit % = Profit / CP x 100
Loss% = Loss / CP x 100
Examples of the profit and loss problems:
(1) Mr. John bought a TV for Rs. 5899 and sold it for Rs. 7000 Find his profit or loss percent.
Solution: CP = Rs.5800 SP = RS. 7000
Since SP > CP
Profit = SP – CP
= 7000 – 5800 = Rs. 1200
Profit % = 1200 / 5800 x 100
= 20.69 %
Ans.
(2) Jessica has a cycle worth Rs. 1800 and she wants to sell it at a profit of Rs.220. What should cycle selling price be?
Solution: CP = Rs.1800, P = Rs. 220
SP = CP + P
= 1800 + 220 = Rs.2020
Selling price of cycle is Rs. 2020 Ans.
Online Math Problem Solver - Exercises
(1) Diane sold a book worth Rs.850 at a loss of Rs. 180. Find the selling price of the book.
(2) If a chair was sold for Rs 990 at a loss of Rs.110, find the cost price of the chair.
(3) Robert bought pencils for Rs. 150. As they were of bad quality he has to sell them for Rs. 127 .Find his loss.
(4) A second hand car was sold for one lakh ninety thousand rupees, at a loss of eighty five thousand rupees. Find the CP of the car.
(5) A fruit vendor bought 600 apples for Rs. 4800. He spent Rs. 400 on transportation. How much should he sell each to get a profit of Rs.1000.
Answers: (1) Rs.670 (2) Rs. 1,100 (3) 15 .33 % (4) Rs.2,75000 (5) Rs.10.33 (approx)
My Previous Blog :- http://elementarymathwordproblem.blogspot.in/2012/10/study-online-algebraic-expressions-with.html
Online Math Problem Solver - Profit and Loss
When we solve this profit and loss math problem we should understand some rules of this problem.
Rules of solving profit and loss problems:
Cost Price (CP) : The price at which a man buys his goods is called the cost price.
Selling Price (SP) : The price at which a man sells his goods is called the Selling price.
When SP > CP the man makes profit.
When CP > SP the man makes loss.
Profit = SP – CP
Loss = CP –SP
Profit % = Profit / CP x 100
Loss% = Loss / CP x 100
Examples of the profit and loss problems:
(1) Mr. John bought a TV for Rs. 5899 and sold it for Rs. 7000 Find his profit or loss percent.
Solution: CP = Rs.5800 SP = RS. 7000
Since SP > CP
Profit = SP – CP
= 7000 – 5800 = Rs. 1200
Profit % = 1200 / 5800 x 100
= 20.69 %
Ans.
(2) Jessica has a cycle worth Rs. 1800 and she wants to sell it at a profit of Rs.220. What should cycle selling price be?
Solution: CP = Rs.1800, P = Rs. 220
SP = CP + P
= 1800 + 220 = Rs.2020
Selling price of cycle is Rs. 2020 Ans.
Online Math Problem Solver - Exercises
(1) Diane sold a book worth Rs.850 at a loss of Rs. 180. Find the selling price of the book.
(2) If a chair was sold for Rs 990 at a loss of Rs.110, find the cost price of the chair.
(3) Robert bought pencils for Rs. 150. As they were of bad quality he has to sell them for Rs. 127 .Find his loss.
(4) A second hand car was sold for one lakh ninety thousand rupees, at a loss of eighty five thousand rupees. Find the CP of the car.
(5) A fruit vendor bought 600 apples for Rs. 4800. He spent Rs. 400 on transportation. How much should he sell each to get a profit of Rs.1000.
Answers: (1) Rs.670 (2) Rs. 1,100 (3) 15 .33 % (4) Rs.2,75000 (5) Rs.10.33 (approx)
My Previous Blog :- http://elementarymathwordproblem.blogspot.in/2012/10/study-online-algebraic-expressions-with.html
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