3 Mark Question

Question 13 Marks

Kantabai bought 25 saris from a wholesale merchant for Rs 10000 and sold them all at Rs 460 each. How much profit did Kantabai get in this transaction?

Answer

Cost price of 25 saris = Rs 10000
Selling price of 1 sari = Rs 460
∴ Selling price of 25 saris = 460 x 25 = Rs 11500
Selling price is greater than cost price.
∴ Profit = Selling price – Cost price
= 11500 – 10000
= Rs 1500
∴ Kantabai made a profit of Rs 1500.

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Question 23 Marks

Sharad bought one quintal of onions for Rs 2000. Later he sold them all at the rate of Rs 18 per kg. Did he make a profit or incur a loss? How much was it?

Answer

Cost price of one quintal onions = Rs 2000
Selling price of 1 kg onions = Rs 18
Since, 1 quintal = 100 kg
∴ Selling price of 1 quintal (100 kg) onions = 18 x 100 = Rs 1800
Cost price is greater than selling price
∴ Sharad suffered a loss.
∴ Loss = Cost price – Selling price
= Rs 2000 – Rs 1800
= Rs 200
∴ Sharad incurred a loss of Rs 200.

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Question 33 Marks

Pramod bought 100 bunches of methi greens for Rs 400. In a sudden downpour, 30 of the bunches on his handcart got spoil. He sold the rest at the rate of Rs 5 each. Did he make a profit or a loss? How much?

Answer

Cost price of 100 bunches of methi green = Rs 400
Since, 30 bunches got spoil,
∴ Remaining bunches of methi green = 100 – 30 = 70
Selling price of 1 bunch of methi green = Rs 5
∴ Selling price of 70 bunches of methi green = 5 x 70 = Rs 350
Cost price is greater than selling price
∴ Pramod suffered a loss.
Loss = Cost price – Selling price
= 400 – 350
= Rs 50
∴ Pramod suffered a loss of Rs 50.

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Question 43 Marks

The Jijamata Women’s Saving Group bought raw materials worth Rs 15000 for making chakalis.
They sold the chakalis for Rs 22050. How much profit did the WSG make?

Answer

Cost price of raw materials = Rs 15000
Selling price of chakalis = Rs 22050
∴ Profit = Selling price – Cost price
= 22050 – 15000
= Rs 7050
∴ The Women’s Saving Group made a profit of Rs 7050.

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Question 53 Marks

The cost price and selling price are given in the following table. Find out whether there was a profit or a loss and how much it was.

Ex.	Cost price (in Rs)	Selling price (in Rs)	Profit or Loss	How much?
i.	4500	5000
ii.	4100	4090
iii.	700	799
iv.	1000	920

Answer

i. Cost price = Rs 4500
Selling price = Rs 5000
Selling price is greater than cost price.
∴ There is a profit.
∴ Profit = Selling price – Cost price
= 5000 – 4500
Profit = Rs 500

ii. Cost price = Rs 4100
Selling price = Rs 4090
Cost price is greater than selling price.
∴ There is a loss.
∴ Loss = Cost price – Selling price
= 4100 – 4090
∴ Loss = Rs 10

iii. Cost price = Rs 700
Selling price = Rs 799
Selling price is greater than cost price.
∴ There is a profit.
∴ Profit = Selling price – Cost price
= 799 – 700
∴ Profit = Rs 99

iv. Cost price = Rs 1000
Selling price = Rs 920
Cost price is greater than selling price.
∴ There is a loss.
∴ Loss = Cost price – Selling price
= 1000 – 920
∴ Loss = Rs 80

Ex.	Cost price (in Rs)	Selling price (in Rs)	Profit or Loss	How much?
i.	4500	5000	Profit	Rs 500
ii.	4100	4090	Loss	Rs 10
iii.	700	799	Profit	Rs 99
iv.	1000	920	Loss	Rs 80

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