In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:
Suppose, number of articles bought = L.C.M. of 6 and 5 = 30.
C.P. of 30 articles = Rs.
5
x 30
= Rs. 25.
6
S.P. of 30 articles = Rs.
6
x 30
= Rs. 36.
5
Gain % =
11
x 100
% = 44%.
25
Answer:11 Option D
Explanation:
(C.P. of 17 balls) – (S.P. of 17 balls) = (C.P. of 5 balls)
C.P. of 12 balls = S.P. of 17 balls = Rs.720.
C.P. of 1 ball = Rs.
720
= Rs. 60.
12
Answer:12 Option C
Explanation:
85 : 18700 = 115 : x
x =
18700 x 115
= 25300.
85
Hence, S.P. = Rs. 25,300.
Answer:13 Option A
Explanation:
C.P. of 1 orange = Rs.
350
= Rs. 3.50
100
S.P. of 1 orange = Rs.
48
= Rs. 4
12
Gain% =
0.50
x 100
%
=
100
% = 14
2
%
3.50
7
7
Answer:14 Option B
Explanation:
C.P. of 1st transistor = Rs.
100
x 840
= Rs. 700.
120
C.P. of 2nd transistor = Rs.
100
x 960
= Rs. 1000
96
So, total C.P. = Rs. (700 + 1000) = Rs. 1700.
Total S.P. = Rs. (840 + 960) = Rs. 1800.
Gain % =
100
x 100
%
= 5
15
%
1700
17
Answer:15 Option B
Explanation:
C.P. of 56 kg rice = Rs. (26 x 20 + 30 x 36) = Rs. (520 + 1080) = Rs. 1600.
S.P. of 56 kg rice = Rs. (56 x 30) = Rs. 1680.
Gain =
80
x 100
% = 5%.
1600
Answer:16Option D
Explanation:
So we have C.P. = 27.50 S.P. = 28.60
Gain = 28.60 – 27.50 = Rs. 1.10
Gain%=(Gain/Cost∗100)%=(1.10/27.50∗100)%=4%
Answer:17Option B
Explanation:
We know, C.P. = 5000 S.P. = 4000 Loss = 5000 – 4000 = 1000
Loss%=(Loss/Cost∗100)%=(1000/5000∗100)%=20%
Answer:18Option D
Explanation:
Hint: Calculate profit percent as
Profit% = (profit/cost) * 100
,
Profit and Loss
Profit and loss are two of the most important concepts in business. Profit is the amount of Money that a business makes after it has paid for all of its expenses. Loss is the amount of money that a business loses when its expenses are more than its revenue.
There are many different ways to calculate profit and loss. One common way is to use the following formula:
Profit = Revenue – Expenses
Revenue is the amount of money that a business brings in from selling its products or Services. Expenses are the costs that a business incurs in order to operate, such as rent, salaries, and materials.
Another way to calculate profit and loss is to use the following formula:
Net income = Gross profit – Operating expenses – Non-operating expenses – Income taxes
Gross profit is the amount of money that a business makes from selling its products or services after it has deducted the cost of goods sold. Operating expenses are the costs that a business incurs in order to operate, such as rent, salaries, and materials. Non-operating expenses are the costs that a business incurs that are not directly related to its operations, such as interest expense and Investment income. Income taxes are the taxes that a business pays on its income.
Profit and loss are important because they can tell you how well a business is doing. A business that is making a profit is doing well, while a business that is making a loss is not doing well. Profit and loss can also be used to compare different businesses. For example, you can compare the profit and loss of two different companies in the same Industry to see which company is doing better.
Accounting Profit
Accounting profit is the difference between a company’s revenue and its expenses. It is calculated by taking the company’s total revenue and subtracting its total expenses. Accounting profit is a measure of a company’s profitability. It is used to determine a company’s financial Health and to make decisions about future investments.
Break-Even Point
The break-even point is the point at which a company’s revenue equals its expenses. At the break-even point, a company is neither making a profit nor a loss. The break-even point can be calculated by using the following formula:
Break-even point = Fixed costs / Contribution margin
Fixed costs are the costs that a company incurs regardless of its level of production. Contribution margin is the amount of revenue that a company generates after it has deducted its variable costs.
Gross Profit
Gross profit is the difference between a company’s revenue and its cost of goods sold. It is calculated by taking the company’s total revenue and subtracting its cost of goods sold. Gross profit is a measure of a company’s profitability. It is used to determine a company’s financial health and to make decisions about future investments.
Net Income
Net income is a company’s total revenue minus its total expenses, including taxes. It is also known as earnings after tax (EAT) or net earnings. Net income is the most important measure of a company’s profitability. It is used to determine a company’s financial health and to make decisions about future investments.
Operating Profit
Operating profit is a company’s net income before interest and taxes. It is calculated by taking a company’s net income and adding back its interest expense and taxes. Operating profit is a measure of a company’s profitability from its core operations. It is used to determine a company’s financial health and to make decisions about future investments.
Profit Margin
Profit margin is a measure of a company’s profitability. It is calculated by dividing a company’s net income by its revenue. Profit margin is expressed as a percentage. A high profit margin indicates that a company is efficient in its operations and is able to generate a high level of profit from its sales.
Return on Assets
Return on assets (ROA) is a measure of a company’s profitability. It is calculated by dividing a company’s net income by its total assets. ROA is expressed as a percentage. A high ROA indicates that a company is efficient in its use of assets and is able to generate a high level of profit from its assets.
Return on equity (ROE) is a measure of a company’s profitability. It is calculated by dividing a company’s net income by its shareholders’ equity. ROE is expressed as a percentage. A high ROE indicates that a company is efficient in its use of equity and is able to generate a high level of profit from its equity.
Sales Revenue
Sales revenue is the total amount of money that a company receives from selling its products or services. It is calculated by taking the total number of units sold and multiplying it by the price per unit. Sales
What is a balance sheet?
A balance sheet is a financial statement that reports a company’s assets, liabilities, and equity at a specific point in time.
What is an income statement?
An income statement is a financial statement that reports a company’s revenues, expenses, and net income for a specific period of time.
What is a cash flow statement?
A cash flow statement is a financial statement that reports a company’s cash inflows and outflows for a specific period of time.
What is a statement of retained earnings?
A statement of retained earnings is a financial statement that reports a company’s beginning retained earnings, net income, dividends, and ending retained earnings for a specific period of time.
What is a break-even point?
The break-even point is the point at which a company’s revenues equal its expenses.
What is margin of safety?
The margin of safety is the amount by which a company’s revenues can decline before it reaches its break-even point.
What is return on investment (ROI)?
Return on investment is a measure of a company’s profitability. It is calculated by dividing a company’s net income by its total assets.
What is return on equity (ROE)?
Return on equity is a measure of a company’s profitability. It is calculated by dividing a company’s net income by its total equity.
What is debt-to-equity ratio?
The debt-to-equity ratio is a measure of a company’s financial leverage. It is calculated by dividing a company’s total debt by its total equity.
What is current ratio?
The current ratio is a measure of a company’s liquidity. It is calculated by dividing a company’s current assets by its current liabilities.
What is quick ratio?
The quick ratio is a measure of a company’s liquidity. It is calculated by dividing a company’s quick assets by its current liabilities.
What is inventory turnover ratio?
The inventory turnover ratio is a measure of a company’s efficiency in managing its inventory. It is calculated by dividing a company’s cost of goods sold by its Average inventory.
What is days sales outstanding (DSO)?
Days sales outstanding is a measure of a company’s efficiency in collecting its receivables. It is calculated by dividing a company’s average accounts receivable by its average daily sales.
What is accounts payable turnover ratio?
The accounts payable turnover ratio is a measure of a company’s efficiency in paying its suppliers. It is calculated by dividing a company’s cost of goods sold by its average accounts payable.
What is days payable outstanding (DPO)?
Days payable outstanding is a measure of a company’s efficiency in paying its suppliers. It is calculated by dividing a company’s average accounts payable by its average daily purchases.
What is gross profit margin?
The gross profit margin is a measure of a company’s profitability. It is calculated by dividing a company’s gross profit by its net sales.
What is operating profit margin?
The operating profit margin is a measure of a company’s profitability. It is calculated by dividing a company’s operating profit by its net sales.
What is net profit margin?
The net profit margin is a measure of a company’s profitability. It is calculated by dividing a company’s net income by its net sales.
What is earnings per share (EPS)?
Earnings per share is a measure of a company’s profitability. It is calculated by dividing a company’s net income by its number of Shares outstanding.
What is price-to-earnings ratio (P/E ratio)?
The price-to-earnings ratio is a measure of a company’s valuation. It is calculated by dividing a company’s stock price by its earnings per share.
What is dividend yield?
The dividend yield is a measure of a company’s profitability. It is calculated by dividing a company’s annual dividend per share by its stock price.
What is book value per share?
The book value per share is a measure of a company’s assets minus its liabilities, divided by its number of shares outstanding.
What is market capitalization?
The market capitalization is a measure of a company’s size. It is calculated by multiplying a company’s stock price by its number of shares outstanding.
What is beta?
Beta is a measure of a stock’s volatility relative
Sure, here are some multiple choice questions about accounting without mentioning the topic of profit and loss:
Which of the following is not a financial statement?
(a) Income statement
(b) Balance sheet
(c) Statement of cash flows
(d) Statement of retained earnings
Which of the following is not an asset?
(a) Cash
(b) Accounts receivable
(c) Inventory
(d) Accounts payable
Which of the following is not a liability?
(a) Accounts payable
(b) Notes payable
(c) Common stock
(d) Retained earnings
Which of the following is not an equity account?
(a) Common stock
(b) Retained earnings
(c) Accounts payable
(d) Notes payable
Which of the following is not a revenue account?
(a) Sales
(b) Cost of goods sold
(c) Depreciation expense
(d) Interest expense
Which of the following is not an expense account?
(a) Cost of goods sold
(b) Depreciation expense
(c) Interest expense
(d) Income tax expense
Which of the following is not a statement of financial position?
(a) Balance sheet
(b) Income statement
(c) Statement of cash flows
(d) Statement of retained earnings
Which of the following is not a statement of comprehensive income?
(a) Income statement
(b) Statement of cash flows
(c) Statement of retained earnings
(d) Statement of changes in equity
Which of the following is not a statement of cash flows?
(a) Operating activities
(b) Investing activities
(c) Financing activities
(d) Statement of retained earnings
Which of the following is not a statement of changes in equity?
(a) Net income
(b) Comprehensive income
(c) Retained earnings
(d) Accumulated other comprehensive income
%.
%
2000 – 100x = 25x
x = 16.
y = 2x.
Profit % =
% = 100%
Required percentage =
%
1920 – 
2
Required S.P. = 125% of Rs. 1600 = Rs.
Profit = Rs. (392 – 320) = Rs. 72.
Profit % =
%
Gain % =
% = 44%.
C.P. of 12 balls = S.P. of 17 balls = Rs.720.
C.P. of 1 ball = Rs.
Gain% =
%
Gain % =
%
Gain =
% = 5%.