Chapter: 6th Maths : Term 2 Unit 3 : Bill, Profit and Loss
Exercise 3.1
1. A school purchases some furniture and gets the following bill.
Questions:
(i) What is the name of the store?
Mullai Furniture Mart
Mullai Furniture Mart
(ii) What is the serial number of the bill?
Serial No. 728
Serial No. 728
(iii) What is the cost of a black board?
The cost of a black board is ₹ 3000
The cost of a black board is ₹ 3000
(iv) How many sets of benches and desks does the school buy?
The school buys 50 sets of benches and desks.
The school buys 50 sets of benches and desks.
(v) Verify whether the total bill amount is correct.
The total bill amount is correct.
The total bill amount is correct.
2. Prepare a bill for the following books of biographies purchased from Maruthu Book Store, Chidambaram on 12.04.2018 bearing the bill number 507.
10 copies of Subramanya Bharathiar @ ₹55 each, 15 copies of Thiruvalluvar @ ₹75 each, 12 copies of Veeramamunivar @ ₹60 each and 12 copies of Thiru.Vi. Ka @ ₹70 each.
Answer:
3. Fill up the appropriate boxes in the following table.
i) C.P < S.P ⇒ Profit = S.P − C.P = ₹120 − ₹ 100 = ₹ 20
ii) C.P < S.P ⇒ Profit = S.P − C.P = ₹ 120 − ₹ 110 = ₹ 10
iii) Profit = S.P − C.P ⇒ ₹ 20 = S.P − ₹ 120 ⇒ S.P = ₹ 140
iv) C.P > S.P ⇒ Loss = C.P − S.P = ₹ 100 − ₹ 90 = ₹ 10
v) Profit = S.P − C.P ⇒ ₹ 25 = S.P − ₹ 120 ⇒ S.P = ₹ 145
ii) C.P < S.P ⇒ Profit = S.P − C.P = ₹ 120 − ₹ 110 = ₹ 10
iii) Profit = S.P − C.P ⇒ ₹ 20 = S.P − ₹ 120 ⇒ S.P = ₹ 140
iv) C.P > S.P ⇒ Loss = C.P − S.P = ₹ 100 − ₹ 90 = ₹ 10
v) Profit = S.P − C.P ⇒ ₹ 25 = S.P − ₹ 120 ⇒ S.P = ₹ 145
4. Fill up the appropriate boxes in the following table.
i) S.P = M.P − Discount = ₹ 130 – 0 = ₹ 130; Profit = S.P − C.P = ₹ 130 − ₹ 110 = ₹ 20
ii) S.P = M.P − Discount = ₹ 130 − ₹ 10 = ₹ 120; Profit = S.P − C.P = ₹ 120 − ₹ 110 = ₹ 10
iii) S.P = M.P − Discount = ₹ 130 − ₹ 30 = ₹ 100; Loss = C.P − S.P = ₹ 110 − ₹ 100 = ₹ 10
iv) S.P = C.P − Loss = ₹ 100 − ₹ 10 = ₹ 90; Discount = M.P − S.P = ₹ 120 − ₹ 90 = ₹ 30
v) S.P = M.P − Discount = ₹ 120 − ₹ 10 = ₹ 110; C.P = S.P − Profit = ₹ 110 − ₹ 20 = ₹ 90
ii) S.P = M.P − Discount = ₹ 130 − ₹ 10 = ₹ 120; Profit = S.P − C.P = ₹ 120 − ₹ 110 = ₹ 10
iii) S.P = M.P − Discount = ₹ 130 − ₹ 30 = ₹ 100; Loss = C.P − S.P = ₹ 110 − ₹ 100 = ₹ 10
iv) S.P = C.P − Loss = ₹ 100 − ₹ 10 = ₹ 90; Discount = M.P − S.P = ₹ 120 − ₹ 90 = ₹ 30
v) S.P = M.P − Discount = ₹ 120 − ₹ 10 = ₹ 110; C.P = S.P − Profit = ₹ 110 − ₹ 20 = ₹ 90
5. Rani bought a set of bangles for ₹310. Her neighbour liked it most. So, Rani sold it to her for ₹325. Find the profit or loss to Rani.
Profit = ₹ 15
6. Sugan bought a Jeans pant for ₹750. It did not fit him. He sold it to his friend for ₹710. Find the profit or loss to sugan.
Loss = ₹ 40
7. Somu bought a second hand bike for ₹28,000 and spent ₹2,000 on its repair. He sold it for ₹30,000. Find his profit or loss.
∴ No profit / Loss
8. Muthu has a car worth ₹8,50,000 and he wants to sell it at a profit of ₹25,000. What should be the selling price of the car?
= ₹ 8,75,000
9. Valarmathi sold her pearl set for ₹30,000 at profit of ₹5000. Find the cost price of the pearl set.
= ₹ 25,000
10. If Guna marks his product to be sold for ₹325 and gives a discount of ₹30, then find the S.P.
= ₹ 295
11. A man buys a chair for ₹1500. He wants to sell it at a profit of ₹250 after making a discount of ₹100. What is the M.P. of the chair?
= ₹ 1850
12. Amutha marked her home product of pickle as ₹300 per pack. But she sold it for only ₹275 per pack. What was the discount offered by her per pack?
= ₹ 25
13. Valavan bought 24 eggs for ₹96. Four of them were broken and also he had a loss of ₹36 on selling them. What is the selling price of one egg?
Selling price of one egg = ₹ 3
14. Mangai bought a cell phone for ₹12585. It fell down. She spent ₹500 on its repair. She sold it for ₹7500. Find her profit or loss.
Loss = ₹ 5,585
Objective Type Questions
15. Discount is subtracted from ——— to get S.P. (a) M.P. (b) C.P. (c) Loss (d) ProfitAnswer: (a) M.P.
16. ‘Overhead expenses’ is always included in ———.
(a) S.P.
(b) C.P.
(c) Profit
(d) Loss
Answer: (b) C.P.
17. There is no profit or loss when
(a) C.P. = S.P.
(b) C.P > S.P.
(c) C.P < S.P.
(d) M.P. = Discount
Answer: (a) C.P. = S.P.
18. Discount = M.P. − .............
(a) Profit
(b) S.P.
(c) Loss
(d) C.P.
Answer: (b) S.P.
ANSWERS Summary: Exercise 3.1
1. i) Mullai Furniture mart ii) Serial No: 728 iii) ₹3000 iv) 50 sets v) correct
3. i) Profit = ₹20 ii) Profit = ₹10 iii) S.P. = ₹140 iv) Loss = ₹10 v) S.P. = ₹145
4. i) S.P. = ₹130 Profit = ₹20 ii) S.P. = ₹120 Profit = ₹10 iii) S.P. = ₹100 Loss = ₹10 iv) S.P. = ₹90 Discount = ₹30 v) S.P. = ₹110 C.P. = ₹90
5. Profit = ₹15 | 6. Loss = ₹40 | 7. No Profit / Loss | 8. S.P. = ₹8,75,000 | 9. C.P. = ₹25,000 | 10. Discount = ₹295 | 11. M.P. = ₹1850 | 12. Discount = ₹25 | 13. S.P = ₹3 | 14. Loss = ₹5585
Objective: 15. (a) | 16. (b) | 17. (a) | 18. (b)