Sponsored Ad:
Results 1 to 2 of 2

Thread: Profit and Loss

  1. #1
    Eager!
    Join Date
    Jul 2005
    Posts
    90
    Rep Power
    15


    Good post? Yes | No

    Profit and Loss

    Sponsored Ad:
    After going through different kind of problems, am little confused to how to solve the problems quickly.

    can any 1 suggest an easy and quick method for the following problems .. pref same approach.

    Rich sold his skis for 160$ and his ski boots for 96$. He made a profit of 20% on his boots and took a 10% loss on his skis. What is that he gained in $
    Q1. A man purchases 2 watches for Rs. 560. He sells one at 15% profit and the other at 10% loss. He neither gains nor loses. Thus, the cost prices of 2 watches are:

    5. Mr. Adams sold 2 properties, X and Y, for 30 000 each. She sold property X for 20% more than she paid for it and sold property Y for 20% less than she paid for it. If expenses are disregarded, what was her total net gain or loss, if any, on the 2 properties?
    Loss of 1250
    Loss of 2500
    Gain of 1250
    Gain of 2500
    No gain, no loss


    If there are two houses of same cost price, one sold for y% profit and another sold for y% loss, what is the total profit/loss ?

    Ans : Loss of (y/10)^2

  2. #2
    Half way down! tictaktoe's Avatar
    Join Date
    Aug 2005
    Posts
    407
    Rep Power
    16


    Good post? Yes | No
    Prop X
    SP=30,000
    CP*1.2 = 30,000 so CP = 25000

    prop Y
    SP= 30,000
    CP*.8 = 30,000 so CP = 37500

    total SP = 60000
    total CP= 62500

    loss = cp-sp = 2500

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Profit and Loss problem
    By saint4life in forum GRE Math
    Replies: 2
    Last Post: 03-24-2010, 07:19 AM
  2. profit and loss problem
    By bigdreams in forum GMAT Problem Solving
    Replies: 2
    Last Post: 12-19-2008, 06:28 PM
  3. Profit and loss
    By rishikha in forum GMAT Data Sufficiency
    Replies: 5
    Last Post: 07-07-2007, 07:20 AM
  4. Profit and loss
    By rishikha in forum GMAT Data Sufficiency
    Replies: 1
    Last Post: 07-03-2007, 12:51 PM
  5. Profit $ loss
    By manish8109 in forum GMAT Problem Solving
    Replies: 2
    Last Post: 03-28-2006, 07:29 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •