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 11 of 16.
Arun said:
1 decade ago
I can understand all the function but how the answer is 5 (5/11)?
Please explain me.
Please explain me.
PRAVEEN said:
8 months ago
CP = 4700 + 800 = 5500,
CP - SP = 5500 - 5800 = 300,
P%= (300/5500) * 100 = 5(5/11)%.
CP - SP = 5500 - 5800 = 300,
P%= (300/5500) * 100 = 5(5/11)%.
(7)
Sunil said:
2 decades ago
Sam buys an old pen for Rs. 10 and If he sells for Rs. 100, his gain percent is:
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.
Kenchappa said:
10 years ago
Please, Could anyone tell me any shortcut way of solving this type of problems?
Anchal said:
4 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)
Belekiran said:
10 years ago
Thank you all for explanation and simplification.
Nice method, Thanks @Munna.
Nice method, Thanks @Munna.
Supritha said:
8 years ago
How is divided [300*100]/5500?
I don't understand, please explain in detail.
I don't understand, please explain in detail.
Mustafa said:
8 years ago
How can we find cost price, if selling price and profit percentage is given?
Amit yadav said:
6 years ago
CP = 4700 + 800 = 5500.
SP = 5800,
Gain% = 300 * 100/5500 = 60/11 = 5-5/11.
SP = 5800,
Gain% = 300 * 100/5500 = 60/11 = 5-5/11.
(1)
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