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:
156 comments Page 10 of 16.
Justin faizan ali said:
1 decade ago
To which price we can multiply percentage %[cost price or sell price] please clear my concept.
Swapnil said:
2 decades ago
Which one is correct? either 25% or 50%? we have to calculate profit on cost price, isn't it?
Nirmala Reddy said:
1 decade ago
Correct Answer is 25%.
Item Cost price is + Maintenance price we will consider as cost price.
Item Cost price is + Maintenance price we will consider as cost price.
Prateek said:
5 years ago
CP x 20 = X x SP.
20 x CP = X x 1.25 x CP (As profit is 25%, so SP = 1.25 x CP),
So, X = 16.
20 x CP = X x 1.25 x CP (As profit is 25%, so SP = 1.25 x CP),
So, X = 16.
(2)
PREETHI said:
1 year 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.
(8)
Jayapriya said:
6 months ago
CP = 4700 + 800 = 5500.
SP = 5800,
Gain = 5800 - 5500 = 300,
Gain%= 300/5500 * 100 = 60/11.
SP = 5800,
Gain = 5800 - 5500 = 300,
Gain%= 300/5500 * 100 = 60/11.
(7)
Rajesh kumar said:
1 decade ago
C.P. = 4700 + 800.
= 5500.
S.P. = 5800.
Now,
C.P : S.P = 55 : 58.
3*100/55 = 5(5/11).
= 5500.
S.P. = 5800.
Now,
C.P : S.P = 55 : 58.
3*100/55 = 5(5/11).
Jaypal said:
7 years ago
Jaypal paid a property tax of Rs 2800 at a rate of 0.8%. Find the worth of the property?
Troy said:
1 decade ago
Why do you put the 800 hundred in the problem? and how do you turn it in an percentage?
Seema said:
1 decade ago
I didn't understand it, can anyone write it clearly?
How the answer came ie. the gain?
How the answer came ie. the gain?
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