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:
145 comments Page 1 of 15.
Sakshi said:
6 days ago
CP = 4700 + 800 = 5500,
SP = 5800.
CP - SP = P
5800 - 5500 = 300.
P/CP * 100.
300/5500 * 100 = 5,
= 5/11.
SP = 5800.
CP - SP = P
5800 - 5500 = 300.
P/CP * 100.
300/5500 * 100 = 5,
= 5/11.
PREETHI said:
1 month ago
Cp = 4700 + 800 = 5500.
Sp = 5800.
Gain %= (300÷5500) × 100,
= 60/55,
= 5 5/11.
Sp = 5800.
Gain %= (300÷5500) × 100,
= 60/55,
= 5 5/11.
(3)
Anwesha Biswas said:
3 months ago
Cost price of the scooter = Rs. 4700.
As Rs. 800 is spent on repairing, the total C.P is Rs.4700+Rs.800(i.e. Rs.5500).
Now, he sold it at Rs. 5800.
Profit = S.P - C.P.(i.e. Rs. 5800 - Rs. 5500)
= Rs. 300.
Since, profit %= Profit/C.P × 100.
= 5800 - 5500/5800 × 100,
= 60/11% > 5 5/11%.
Hence, the required answer is 5 5/11 %.
As Rs. 800 is spent on repairing, the total C.P is Rs.4700+Rs.800(i.e. Rs.5500).
Now, he sold it at Rs. 5800.
Profit = S.P - C.P.(i.e. Rs. 5800 - Rs. 5500)
= Rs. 300.
Since, profit %= Profit/C.P × 100.
= 5800 - 5500/5800 × 100,
= 60/11% > 5 5/11%.
Hence, the required answer is 5 5/11 %.
(7)
Kalyani said:
6 months ago
Cost price = 4700
For repairs = 800
Total cost price = 4700+ 800 = 5500
Selling price = 5800
Profit = selling price - cost price.
= 5800-5500.
=300.
Profit % = (profit/cost price)* 100,
= (300/5500)*100,
= (300/55).
= 60/11,
= 5 5/11 %.
For repairs = 800
Total cost price = 4700+ 800 = 5500
Selling price = 5800
Profit = selling price - cost price.
= 5800-5500.
=300.
Profit % = (profit/cost price)* 100,
= (300/5500)*100,
= (300/55).
= 60/11,
= 5 5/11 %.
(25)
Sameer ramchiary said:
8 months ago
CP = 4700 + 800 = 5500
Sp = 5800.
Sp - cp = profit.
5800 - 5500 = 300(p)
P% = p/cp×100.
= 300/5500 × 100.
= 60/11.
Sp = 5800.
Sp - cp = profit.
5800 - 5500 = 300(p)
P% = p/cp×100.
= 300/5500 × 100.
= 60/11.
(19)
Dhiraj kunwar said:
9 months ago
Thanks for explaining the answer.
(10)
Shirisha SR said:
1 year ago
Good explanation, thanks all.
(50)
Kajal said:
2 years ago
cp - sp = p
Then total cp 4700 + 800 = 5500.
So, sp 5800.
cp - sp ---> 5800 - 5500 = 300.
p/cp * 100.
300/5500 * 100 = 5,5/11.
Then total cp 4700 + 800 = 5500.
So, sp 5800.
cp - sp ---> 5800 - 5500 = 300.
p/cp * 100.
300/5500 * 100 = 5,5/11.
(33)
Sonu kr said:
2 years ago
Nice explanation. Thanks everyone.
(18)
Sayak Chakraborty said:
2 years ago
Thank you for the solution. It's very helpful.
(12)
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