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.
Shirisha SR said:
1 year ago
Good explanation, thanks all.
(50)
Sumit Kumar Giri said:
2 years ago
Given that,
CP = 4700 but spends the repairs scooter 800 so,
Total cp = 4700 + 800 = 5500,
Sp = 5800.
gain = Sp - Cp.
gain = 5800 - 5500=300,
gain% = gain × 100/Cp,
gain% = 300 × 100/5500 =60/11%.
gain% = 5.45%.
CP = 4700 but spends the repairs scooter 800 so,
Total cp = 4700 + 800 = 5500,
Sp = 5800.
gain = Sp - Cp.
gain = 5800 - 5500=300,
gain% = gain × 100/Cp,
gain% = 300 × 100/5500 =60/11%.
gain% = 5.45%.
(35)
Avleen kour said:
3 years ago
CP = (4700 + 800) = 5500
SP = 5800.
Gain = 5800-5500 = 300
Gain% = gain/CP*100.
= (300/5500 * 100).
= 60/11.
SP = 5800.
Gain = 5800-5500 = 300
Gain% = gain/CP*100.
= (300/5500 * 100).
= 60/11.
(34)
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)
SAGAR MHATRE said:
2 years ago
He bought scooter for Rs.5500/-
And sold it for 5800/- and got 300/-profit.
explanation:- 30000/5500 = 60/11 that is 5 5/11%.
And sold it for 5800/- and got 300/-profit.
explanation:- 30000/5500 = 60/11 that is 5 5/11%.
(25)
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)
Chhayank Kumar Sahu said:
3 years ago
Profit= SP/CP
= 5800/(4700+800)
= 1.0545( it's profit because
Value of SP/CP = more.
than 1, and how
much more than 1= 0.054 more than 1)
So profit % will be 0.054×100= 5.45% or 5(5/11).
Always use SP/CP for profit loss, If the value is less than 1, then find how much less than 1, it will be a loss.
= 5800/(4700+800)
= 1.0545( it's profit because
Value of SP/CP = more.
than 1, and how
much more than 1= 0.054 more than 1)
So profit % will be 0.054×100= 5.45% or 5(5/11).
Always use SP/CP for profit loss, If the value is less than 1, then find how much less than 1, it will be a loss.
(24)
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)
Sonu kr said:
2 years ago
Nice explanation. Thanks everyone.
(18)
Anchal said:
3 years ago
C.p-4700 + 800 = 5500.
Sp- 5800,
Profit:
sp-cp.
5800-5500.
300*100/5500=60/11.
Sp- 5800,
Profit:
sp-cp.
5800-5500.
300*100/5500=60/11.
(16)
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