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.
NIKILA said:
2 decades ago
Please give the formula to find Gain and Gain%.
Naveen said:
2 decades ago
Gain = Selling Price(SP) - Cost Price(CP)
Gain% = (Gain/C.P)*100
Gain% = (Gain/C.P)*100
(1)
Sagar said:
2 decades ago
I don't understand the how you get the 5(5/11).
I doesn't understand logic behind it please help me.
I doesn't understand logic behind it please help me.
Sundar said:
2 decades ago
How did 5.5/11 come?
Gain% = (300 x 100)/5500
= 30000/5500
= 300/55
= 60/11
= 5.45454545....
= 5(5/11) [ after converting 5.4545.. into vulgar fraction]
Note: What is a vulgar fraction?
A fraction in the form of one integer divided by another, non-zero, integer.
A vulgar fraction is one where the numerator (the number on the top) is bigger than the denominator (the number on the bottom). More pedantically, the absolute value of the numerator is bigger than the absolute value of the denominator.
I hope you understand. Have a nice day!
Gain% = (300 x 100)/5500
= 30000/5500
= 300/55
= 60/11
= 5.45454545....
= 5(5/11) [ after converting 5.4545.. into vulgar fraction]
Note: What is a vulgar fraction?
A fraction in the form of one integer divided by another, non-zero, integer.
A vulgar fraction is one where the numerator (the number on the top) is bigger than the denominator (the number on the bottom). More pedantically, the absolute value of the numerator is bigger than the absolute value of the denominator.
I hope you understand. Have a nice day!
Aamir said:
1 decade ago
Please solve and explain to this question.
Q.1) A carpenter bought an old table at Rs 480 and spent 20% of it on repairing. If he wants to make a profit of Rs 144 then what percentage should be added in purchase price?
Q.1) A carpenter bought an old table at Rs 480 and spent 20% of it on repairing. If he wants to make a profit of Rs 144 then what percentage should be added in purchase price?
Navnit said:
1 decade ago
20% of 480 i.e cost price is 96.
total cp = 480+96 = 576
to make a profit of 144 the selling price should be
576+144 = 720
if purchase price u meant is the COST PRICE..its hard to say
how would u make profit if u increase your costs investment
total cp = 480+96 = 576
to make a profit of 144 the selling price should be
576+144 = 720
if purchase price u meant is the COST PRICE..its hard to say
how would u make profit if u increase your costs investment
Vinod Kr.Yadav said:
1 decade ago
20% of 480 = 480*20/100 i.e. Rs.96
total c.p. = 480+96 i.e. 576
profit 144 i.e. s.p. = c.p.+ profit
= 576 + 144
= 720
total c.p. = 480+96 i.e. 576
profit 144 i.e. s.p. = c.p.+ profit
= 576 + 144
= 720
Rupesh kable said:
1 decade ago
But whats the percentage is added in purchase price?
JITHU JAMES said:
1 decade ago
Purchase price = 480
144/480 =3/10 ie 30%
already he spended 20%
now he needs to add 30%
so totally 50%
144/480 =3/10 ie 30%
already he spended 20%
now he needs to add 30%
so totally 50%
Naresh said:
1 decade ago
How 50%?
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