Aptitude - Profit and Loss - Discussion
Discussion Forum : Profit and Loss - General Questions (Q.No. 1)
1.
Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is:
Answer: Option
Explanation:
Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500.
Selling Price (S.P.) = Rs. 5800.
Gain = (S.P.) - (C.P.) = Rs.(5800 - 5500) = Rs. 300.
| Gain % = |  |
300 | x 100 |  % |
= 5 | 5 | % |
| 5500 | 11 |
Discussion:
159 comments Page 1 of 16.
Anika said:
2 weeks ago
Very confusing. Can anyone explain to me?
Dhanavarshini said:
3 weeks ago
Thanks all for explaining the answer.
Afrifa Yamoah Ponko Boamah said:
2 months ago
This is great, thanks all for explaining.
(1)
Mariaali said:
2 months ago
Yes, option B is correct.
Sol:
CP = 4700 + 800 = 5500.
SP = 5800.
Profit = SP - CP.
5800-5500.
=300.
Profit %= profit/cost price.
= 300/5500 × 100.
= 5 5/11%.
Sol:
CP = 4700 + 800 = 5500.
SP = 5800.
Profit = SP - CP.
5800-5500.
=300.
Profit %= profit/cost price.
= 300/5500 × 100.
= 5 5/11%.
(3)
Abhijit Mazumder said:
4 months ago
Agree, (B) is the correct answer.
(5)
NANDINI said:
4 months ago
Option B is correct because
CP = 4700 + 800 = 5500,
SP = 5800.
CP - SP = 5500 - 5800 = 300,
Gain%= (300/5500) * 100.
= 5 (5/11)%.
CP = 4700 + 800 = 5500,
SP = 5800.
CP - SP = 5500 - 5800 = 300,
Gain%= (300/5500) * 100.
= 5 (5/11)%.
(5)
Yokesh said:
5 months ago
Good, thanks for explaining the answer.
(13)
KPR PERUMAL said:
7 months ago
TOTAL CP = 4700 + 800 = 5500.
SELLING PRICE = 5800.
PROFIT = 5800 - 5500 = 300,
= P/CP * 100.
= 300/5500 * 100,
= 5 5/11%.
SELLING PRICE = 5800.
PROFIT = 5800 - 5500 = 300,
= P/CP * 100.
= 300/5500 * 100,
= 5 5/11%.
(7)
Soumya K said:
7 months ago
I think option B is correct.
(5)
Jayapriya said:
7 months ago
CP = 4700 + 800 = 5500
SP = 5800.
Gain = SP - CP = 5800 - 5500 = 300.
Gain% = Gain/CP * 100.
= 300/5500 * 100.
= 60/11.
Then 5 (5/11)%- Ans.
SP = 5800.
Gain = SP - CP = 5800 - 5500 = 300.
Gain% = Gain/CP * 100.
= 300/5500 * 100.
= 60/11.
Then 5 (5/11)%- Ans.
(6)
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