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 10 of 15.
Sameer alam said:
1 decade ago
By reducing the selling price of an article by Rs 50 a gain of 5% turns into a loss of 5%. Find the original selling price of the article?
Chaithu said:
1 decade ago
Means buying and spending money on something comes under cost price. So, the formula for Profit% = (profit/c.p)*100.
Profit: S.P - C.P.
Profit: S.P - C.P.
Chand basha mcb said:
1 decade ago
Why we add total cost price to divide[300/5500*100]?
Pandab harichandan said:
1 decade ago
By selling an article 1500 losses 20%. Find cost price.
Bharath said:
1 decade ago
@Pooja.
- Consider the selling price is 100.
- He buys it @ 9/10 of sp = 90.
- He sells it wit 8% profit of sp = 108 .
- Then 108-90= 18.
- He gets 18% profit.
- Consider the selling price is 100.
- He buys it @ 9/10 of sp = 90.
- He sells it wit 8% profit of sp = 108 .
- Then 108-90= 18.
- He gets 18% profit.
Ramkumar said:
1 decade ago
Why we add to divide a 30/5800*100.
I was confused please teach me?
I was confused please teach me?
Dsdcds said:
1 decade ago
Is repair price included in the cost?
(2)
BHASKAR said:
1 decade ago
CP = 4700.
SP = 5800.
REPAIR PRICE = 800.
SO CP = 5500.
PROFIT = SP-CP.
P = 5800-5500.
P = 300.
GAIN = PROFIT/CP*100.
G = 300/5500*100.
GAIN = 5*5/11.
SP = 5800.
REPAIR PRICE = 800.
SO CP = 5500.
PROFIT = SP-CP.
P = 5800-5500.
P = 300.
GAIN = PROFIT/CP*100.
G = 300/5500*100.
GAIN = 5*5/11.
Piyush said:
1 decade ago
@Vivek.
As, %gain = (gain/C.P)*100.
And gain = S.P - C.P.
Let,
C.P. = x.
S.P = 1320.
%gain = 10.
Gain=1320 - x.
Putting in %gain formula,
10 = ((1320-x)/x)*100.
x = 13200/11.
x = 1200.
As, %gain = (gain/C.P)*100.
And gain = S.P - C.P.
Let,
C.P. = x.
S.P = 1320.
%gain = 10.
Gain=1320 - x.
Putting in %gain formula,
10 = ((1320-x)/x)*100.
x = 13200/11.
x = 1200.
NAVEENKUMAR N L said:
1 decade ago
@Vivek.
C.P = ?
S.P = 1320.
Gain g =10%.
S.P = [(100+g%)/100]*C.P.
1320 = [(100+10)/100]*C.P.
C.P = (1320*100)/110.
C.P = 13200/11.
C.P = 1200.
C.P = ?
S.P = 1320.
Gain g =10%.
S.P = [(100+g%)/100]*C.P.
1320 = [(100+10)/100]*C.P.
C.P = (1320*100)/110.
C.P = 13200/11.
C.P = 1200.
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