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trading profit and loss account

3 Articles

A customer paid you $600 for construction work, out of which, 3/5 of the total amount was spent on the purchase of materials and 1/5 of the remaining was spent on travelling. How much is left after all the deductions ?

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Answer : C.

The C.P of 15 books is equal to the S.P of 18 books. Find the gain% or loss% ?

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Answer : A. 16 2/3 % loss

A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price ?

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Answer : C . 12 %

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