Aptitude - Profit and Loss - Discussion

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"Success has many fathers, while failure is an orphan."

- (Proverb)

12.

When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?

[A].	Rs. 21,000	[B].	Rs. 22,500
[C].	Rs. 25,300	[D].	Rs. 25,800

Answer: Option C

Explanation:

85 : 18700 = 115 : x

x = 18700 x 115 = 25300.

85

Hence, S.P. = Rs. 25,300.

Vikas said: (Fri, Jun 11, 2010 12:12:47 AM)

I think the answer u mentioned here is wrong coz wen u calculate the amount 15% in 18,700 and add it then the result will be 21505. But if v calculate as per ur ans 25300-18700=6600 so.. 6600/18700*100 the result will b 35.2%.

Suruchi said: (Thu, Jun 17, 2010 03:16:47 AM)

How will you get the equation 85:18700=115:x. And how you get the answer? Please explain.

Sunil said: (Mon, Jun 21, 2010 05:15:19 PM)

The formula used for this solution is:- Selling price at a 15% loss is 18700, .i.e, for 100 rupees of investment we got only 85 rupees. Same way to get a profit of 15% .i.e, for 100 rupees we have to get 115 rupees. So, 85 rupees at 15% loss(100-15=85)=C.p 18700 So, 115 rupees at 15% gain (100+15=115)= C.p ? 85=18700 115=? ? = ( 18700115 )/85 = 220115 = 25300 S.p= 25300 with the gain of 15%.

Snehal said: (Thu, Jun 24, 2010 02:48:38 AM)

How you hav done 85:18700=115:? please tell me.

Jegadeesh said: (Wed, Sep 1, 2010 09:00:57 AM)

He sell at 18700 he got a loss of 15% means, This 18700 is 85% not 100%. To get 1% : 18700/85=220; Then 220 is 1%. To get 100% : 220100=22000. To get 115% : 220115=25300.

K.Rajeshreddy said: (Fri, Dec 3, 2010 12:17:55 AM)

The formula for to find gain percentage is Here 85 is to loss of 15% and 115 is to gain of 15% So, totally 85:18700=115:?

Shafiq said: (Sat, Dec 11, 2010 07:41:43 AM)

When you are calculating 1percent of 18700, you have divided 18700 with 85. But 85 is 85%. Please explain it.

Prashant said: (Fri, Mar 25, 2011 02:45:26 AM)

Snehal the answer suggested by jegadeesh. Is absolutely easy to understand. And the explanation suggested by them is not proper. !

Satendra said: (Tue, Apr 12, 2011 02:31:41 PM)

When he sold 18700 getting 15/. Loss it means his c.p. Is 20000 if he want to get 15/. Profit he should be sell at 20300 this will be ans

Kiran said: (Sat, Jun 18, 2011 07:51:32 AM)

Calculate Cost price by applying formula = 100 * sp/100-loss% and then add it in S.P. of Rs. 18700

Juhi said: (Thu, Jun 23, 2011 07:48:56 AM)

It is very simple. Calculate cp as: 100/100-1518700 = 22000 Calculate sp as: 22000+15/10022000 = 22000+3300 = 25300.

M.V.Krishna/Palvancha said: (Wed, Sep 7, 2011 11:33:47 AM)

Given s.p=18700,loss=15%; then c.p=s.p+loss, =>c.p=Rs.21505/- .................................... gain=s.p-c.p; gain%=(gain/c.p)100; 15=(gain/21505)100; 15=((s.p-21505)/21505)*100; If he sells the plot for 25300(option c) the gain%=17.64. to get gain% of 15% he should sell the plot for Rs.24730.75/-

Naresh Parmar said: (Fri, Sep 23, 2011 01:22:52 AM)

Thanks avjit CP=10018700/(100-15)= 22000 {CP=100SP/(100-loss} SP=(100+15)22000/100=25300 {SP=(100+gain)CP/100}

Vrutti said: (Wed, Oct 5, 2011 07:05:24 PM)

S.P = 18,700 loss = 15%. So,C.P = Rs.((100/85)18,700) (i.e. c.p=(100/100-loss%)s.p)) Hence,C.P = 22,000 Now, C.P = 22,000, gain Required 15% so,S.P = ((115/100)22,000)(i.e. s.p=(100+gain% /100)c.p)) Hence,S.P = 25,300

Hari said: (Tue, Nov 15, 2011 03:33:38 PM)

85% of some thing is 18,700 (loss of 15%) then wats 115% of the thing (gain of 15%) (115*18700/85)

Meena said: (Fri, Dec 9, 2011 04:44:27 PM)

Jegadeesh nice explanation. Thanks.