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Aptitude - Profit and Loss - Discussion

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"Love is like a war, Easy to begin Hard to end."
- (Proverb)
5. 

A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

[A]. 3[B]. 4
[C]. 5[D]. 6

Answer: Option B

Explanation:

C.P. of 6 toffees = Re. 1

S.P. of 6 toffees = 120% of Re. 1 = Rs. 6
5

For Rs. 6 , toffees sold = 6.
5

For Re. 1, toffees sold = 6 x 5 = 5.
6


123 said: (Wed, Aug 4, 2010 10:09:50 AM)    
 
How do you got 120%.

Rajivkumar said: (Mon, Aug 30, 2010 06:09:30 AM)    
 
What is Rs. 6/5? Explain how it came?.

Sundar said: (Tue, Aug 31, 2010 12:41:03 AM)    
 
Hi All,

Selling Price (SP) of 6 toffees

= 120% of 1
= (120/100) x 1
= (12/10) x 1
= (6/5) x 1
= 6/5

Therefore Selling Price of 6 toffees = 6/5.

Hope you understand guys. Have a nice day!

M.Venkateswara Reddy said: (Sat, Sep 4, 2010 02:38:59 AM)    
 
Let C.P. of 6 toffees = Re. 1

Re.1 is assume 100%

we know the profit=20%

Selling Price (SP) = profit+ C.P.

= 120% of 1
= (120/100) x 1
= (12/10) x 1
= (6/5) x 1
= 6/5

Therefore Selling Price of 6 toffees = 6/5.

Hari said: (Fri, Sep 10, 2010 06:02:23 AM)    
 
Hi all,

Let me exaplin more clearly.

We have sp= (gain+100) *cp/100.

So, sp= (20+100) *1/100 = 120/100 = 6/5.

Now no. of toffes for 6/5 rupees= 6, then toffes for 1 rupee (see in ques last sentence) is asked?.

So, it is = 6*5/6 = 5 is the answer!.

Chetan said: (Fri, Nov 12, 2010 12:33:12 PM)    
 
6 toffees---> 1 re
given profit % = 20%
=>S.P of 6 toffees = 1.2 re

Now consider only S.P

1.2 re--> 6 toffee
1 re ---> ? toffee

6/1.2 =5

Harish said: (Sun, Nov 14, 2010 11:51:52 AM)    
 
Thanks chetan.

Chethu said: (Wed, Dec 1, 2010 04:24:49 PM)    
 
We can also convert Re.1=100paise
therefore each toffee is 100/6=16.67p
we need 20% gain on each toffee.
so the SP should be 120%.
(120/100)*16.67 is 20p
20p*5=100paise=Re.1
so 5 toffees should be sold.

Anandvijay said: (Tue, Dec 7, 2010 04:13:03 AM)    
 
2. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:

A. 15 B. 16

C. 18 D. 25

In this sum we take Easy method:
c.p=(100/100+GAIN%)s.p
so
x=(100/125)20
x=16..

Vivek said: (Wed, Jan 5, 2011 11:39:03 PM)    
 
Let me to clear all of urs doubt.......
c.p of 6 tofee= Re 1
1 tofee= 1/6
s.p of 6 tofee = x
s.p of 1 tofee= 1/x
profit%=((s.p-c.p)/c.p) x100
put the value and solve u will get 5 as ans

Naresh said: (Mon, Jan 24, 2011 03:20:58 AM)    
 
What is the maximum number of half-pint bottles of cream that can be filled with a 4-gallon can of cream(2 pt.=1 qt. and 4 qt.=1 gal)

Akshay said: (Tue, Apr 12, 2011 04:23:57 AM)    
 
Use this simple formule:

S.P=100+gain%
-----------*C.P
100

S.P=100+20/100
-----------*1

100
Now simplify u will gwt the answer 5

Kailash said: (Sun, May 1, 2011 02:45:55 AM)    
 
N/A' here N=no. of toffees
A'= 100+percentage/100 we taken + on profit and - on loss

so 6/100+20/100

6x100/120

600/120

=5

this is very shortcut method of this type question

Mrs Pallavi said: (Thu, May 19, 2011 06:51:39 AM)    
 
Hey hi i have simple solution
6 toffees for re. 1
so c.p of 6 toffees are= 1

We have default formula to calculate s.p
s.p=(100+profit%)*c.p/100
s.p=(100+20)*1/100
s.p=120*1/100
s.p=120/100
s.p=12/10
s.p=6/5

Therefore selling price is 6/5.

Namrata said: (Thu, Jul 7, 2011 05:46:46 AM)    
 
Why we do 6*5/6 nd how it be possile sold tofee 6?

Amit Chandel said: (Sun, Jul 24, 2011 04:13:31 PM)    
 
Let me tell you
profit is 20%.now we know that
120%=6 tofees so
100=6*100/120
u get 5 ans

Santosh said: (Thu, Jul 28, 2011 12:54:28 PM)    
 
Thank you chatan

Poornima said: (Sat, Aug 20, 2011 03:50:58 PM)    
 
Hi cetan how you got sp of 6 toffee = 1.2 re?

Tushar Vaibhav said: (Thu, Sep 8, 2011 08:38:24 PM)    
 
S.P. of 6 toffees = 120%
How does it come ?

Prabhu said: (Sat, Sep 17, 2011 12:56:53 PM)    
 
Chetan your explanations are so smart.

Sneha Jain said: (Sat, Sep 24, 2011 04:51:28 PM)    
 
@Tushar

For 1 toffee it is 20%

Therefore for 6 toffee = 20*6 = 120%

Ridhi said: (Fri, Oct 7, 2011 12:04:40 PM)    
 
@chetan

How selling price of 1 toffeee is 1.2 ?

Vaishnavi said: (Fri, Oct 7, 2011 04:13:09 PM)    
 
How 120%?

Kushal said: (Tue, Oct 11, 2011 10:58:25 AM)    
 
How 6/5 = 5 ?

Shree said: (Thu, Oct 13, 2011 03:34:35 PM)    
 
Thanks chetan, it's good.

Slimnick said: (Wed, Oct 26, 2011 12:25:37 PM)    
 
Another thought

C.P of 6 toffees= 1 rupee
Profit = 20%

hence using the formula
P=(S.P-C.P)/C.P
20/100=(S.P-1)/1
hence S.P=1.2 rupees for 6 toffees

so if 1.2 rupees = 6 toffees
1 rupee= X
therefore X = 5
which is the toffees sold

Ismail said: (Fri, Nov 4, 2011 06:28:23 PM)    
 
Is the cost price 8 toffes equal to the selling price of 6 toffes, then the gain percent is 25%. How it calculates?

Ismail said: (Fri, Nov 4, 2011 06:37:03 PM)    
 
Out of an income of Rs. 15, 000. Diya spends 10, 200. What percent income do save?

What will the calculation?

Mahesh said: (Sat, Nov 12, 2011 08:19:25 PM)    
 
Profit%=(profit/cp)*100

profit%=20
cp=1
profit=?


20=(profit/1)100
profit=20/100
profit=1/5

He can sell 5 for 1 RS.

Harish Raj said: (Thu, Dec 1, 2011 03:22:43 PM)    
 
Ismail -- Out of an income of Rs. 15, 000. Diya spends 10, 200. What percent income do save?

15000-10200=4800

4800*100/15000 = 32%

Diya saved 32% of her salary.

Sanju said: (Wed, Jan 18, 2012 07:51:16 PM)    
 
A watch sold for Rs 448 gives a profit of only 12%. Find the profit % if the selling price had been Rs 512.

Prabhath said: (Sat, Jan 21, 2012 08:39:59 PM)    
 
A man bought 6 toffees for 1 rs...
sold it for 20% profit...so he sold it for 1.2 rs...
so to get 1 rs back he must sell 5 toffees...simple as that..
ie 6 toffees cost 1.2 so 1 toffee cost 1.2/6=.2
0.2*5=1...

So answer is 5.

Vennila said: (Sat, Jan 28, 2012 07:31:30 PM)    
 
How you use 6*5/6. I can't understand that ?

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