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 11 of 15.
Vivek said:
1 decade ago
By selling a table for Rs:1320. A trader gain 10%.
Find the C.P. of table?
Find the C.P. of table?
Sayantan singha said:
1 decade ago
Cost price 4700.
After repairing the total price is: (4700+800) = 5500.
Selling price = 5800.
Profit percent = ( (300/5500) *100) = 60/11 %.
After repairing the total price is: (4700+800) = 5500.
Selling price = 5800.
Profit percent = ( (300/5500) *100) = 60/11 %.
Troy said:
1 decade ago
Why do you put the 800 hundred in the problem? and how do you turn it in an percentage?
Dexter said:
1 decade ago
Most of doubt relating to how to get 5(5/11).
It' easy. It's a mixed fraction. After dividing 300*100/5500. WE GET 60/11. CALCULATE 60/11 by long division method we get quotent 5 and remainder 5 and divisor 11. Here is the way :- Quotient 5(Remainder 5/Divisor 11).
It' easy. It's a mixed fraction. After dividing 300*100/5500. WE GET 60/11. CALCULATE 60/11 by long division method we get quotent 5 and remainder 5 and divisor 11. Here is the way :- Quotient 5(Remainder 5/Divisor 11).
Abishnath M.G said:
1 decade ago
Most of doubt relating to how to get 5/11 = 0.45.
Easy way to think 5/10 = 0.50 think properly connect.
Easy way to think 5/10 = 0.50 think properly connect.
Arjun Sonik said:
1 decade ago
As the cost price is 4700 Rs, and another amount has spend on its repairs i.e 800 Rs. So, total money spent by the person is Rs 5500(4700+800).
Now he sells it for Rs 5800.
SP = Rs 5800.
Profit= 5800-5500=> Rs 300 (he earns as profit).
P% = (Profit/CP) *100.
= (300/5500) *100.
And you get the required results by calculation 60/11. Option B :) :D.
Now he sells it for Rs 5800.
SP = Rs 5800.
Profit= 5800-5500=> Rs 300 (he earns as profit).
P% = (Profit/CP) *100.
= (300/5500) *100.
And you get the required results by calculation 60/11. Option B :) :D.
Bhavnesh kehra said:
1 decade ago
As per purchase cost is =5500.
Then he sells it to rs = 5800.
Less sp - cp = gain.
5800-5500 = 300.
If we want to find out the gain in % the use formula = (gain/cp) *100.
Then he sells it to rs = 5800.
Less sp - cp = gain.
5800-5500 = 300.
If we want to find out the gain in % the use formula = (gain/cp) *100.
Pooja said:
1 decade ago
Money purchased a pressure cooker at 9/10th of its selling price and sold it at 8% more than its S.P. Find her gain percent. Please solve it.
Jai said:
1 decade ago
Don't understand the how you get the 5(5/11).
Please Explain in hindi language.
Please Explain in hindi language.
Damodar Narayan said:
1 decade ago
CP = 5500(including what he spends).
SP = 5800.
P = 300.
P% = (P/CP)*100 = (300/5500)*100 = 60/11.
SP = 5800.
P = 300.
P% = (P/CP)*100 = (300/5500)*100 = 60/11.
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