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.
Yugendhar said:
1 decade ago
5 5/11 means, you can calculate it as follow.
((5*11)+5)/11 = 60/11.
((5*11)+5)/11 = 60/11.
Piyush said:
1 decade ago
Very simple.
= 300*100/5500 = 300/55.
Lets take 5 as a common and divide both the number.
You got 60/11.
After solution of this you got the 5-5/11.
= 300*100/5500 = 300/55.
Lets take 5 as a common and divide both the number.
You got 60/11.
After solution of this you got the 5-5/11.
Justin faizan ali said:
1 decade ago
To which price we can multiply percentage %[cost price or sell price] please clear my concept.
Sunaina Sharma said:
1 decade ago
I did not understand how you solve the final answer if I solve 300/5500*100 then I did not get 5*5/11 I only get 20/3, if I solve with another method then I get the correct answer so please show proper calculations so I can easily understand whole cutting process at the end of answer.
ASSY said:
1 decade ago
What is the meaning of Rs? Please!
SAI said:
1 decade ago
He spent 20% on it repairing.
So 480+480*20/100 = 480+96 = 576.
It is C.P.
Profit% = Profit/C.P*100.
Substitute in that formula.
We know from given sum.
P = 144.
P% = 144/576*100.
P% = 14400/576.
Profit% is 25.
So 480+480*20/100 = 480+96 = 576.
It is C.P.
Profit% = Profit/C.P*100.
Substitute in that formula.
We know from given sum.
P = 144.
P% = 144/576*100.
P% = 14400/576.
Profit% is 25.
Malan said:
1 decade ago
Small correction.
- 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.
18/90*100 = 20% not 18%.
- 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.
18/90*100 = 20% not 18%.
Manish S said:
10 years ago
= 300/5500*100.
Cancel the last two zeros of 5500 and last two zeros of 100.
Now it will be like, 300/55.
While Dividing;
___5___.
55) 300.
-275.
-----------.
25.
So arrange it:
25 (remainder) ___ 5 (quotient) ___ 55.
5*5=25.
5*11=55.
So the answer will be 5.
Cancel the last two zeros of 5500 and last two zeros of 100.
Now it will be like, 300/55.
While Dividing;
___5___.
55) 300.
-275.
-----------.
25.
So arrange it:
25 (remainder) ___ 5 (quotient) ___ 55.
5*5=25.
5*11=55.
So the answer will be 5.
Arunkumar said:
10 years ago
The gain formula is (Gain/Sold price into*100).
= (300%5500*100) = 5.454545.
This is exact answer.
= (300%5500*100) = 5.454545.
This is exact answer.
Shankar said:
10 years ago
Guys we got 60/11 is final now don't to make to right option we have convert it to numerator 60 into fractional of 11 like below:
= (5+55) /11.
Then suppurate it 5/11+55/11.
Finally it option B 5/11+5 we can also write this is as 5 (5/11).
= (5+55) /11.
Then suppurate it 5/11+55/11.
Finally it option B 5/11+5 we can also write this is as 5 (5/11).
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