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:
4 4 %
7
5 5 %
11
10%
12%
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 12 of 15.

Kk raj said:   1 decade ago
300/5500*100 = 300/55.

= 60/11 and now we can write it in mixed fraction.

Nishant said:   1 decade ago
C.P is 480.

Total C.P after extra expenditure 480+(20%480).

= 576.

Profit = 144.

Profit % = 144/576 *100.

= 25%.

Vikram said:   1 decade ago
If I sale a Things (A) in 240 it will be lose 10% in how much I have to sale it to get 30% profit ?

S.P = 240.

Lose 10%.

C.P = ?

Answer:

(90/100)*x = 240,

x = 24000/90.

C.P(x) = 266.667 Answer.

Narendra Shaktawat said:   1 decade ago
@Aamir Your answer is Here:

Table purchase price - 480.
Spent 20% of purchase price - 480*20/100 = 96.

Now table cost price is = Purchase+spent(480+96)=576.
To make a profit of 144.

He need to sell it = CP + Profit amount.
=576+144=720.

profit percentage on purchase price = profit value*100/purchase price
=144*100/480=25%.

Carpenter getting 25% profit on purchase price.

Krishan verma said:   1 decade ago
We know that CP [4700+800]=5500
SP=5800
profit=SP-CP=5800-5500=300
profit%=300*100 divide by CP 5500 than we find 5.4545%

Vaasu said:   1 decade ago
C.p 4700+800=5500 ,s.p 5800 between diff 300 5500 300
100 x (cross multiply)

x=300*100/5500=60/11

Santosh said:   1 decade ago
If I sale a Things (A) in 240 it will be lose 10% in how much I have to sale it to get 30% profit ?
S. P=240.
Lose 10%.
C. P = ?

Sello said:   1 decade ago
It can be done this way:
300 = x/100 * 5500 i.e 5500 is the total lost costs,100=%
300*100 = x*5500
5.45 = x

Nirmala Reddy said:   1 decade ago
Correct Answer is 25%.
Item Cost price is + Maintenance price we will consider as cost price.

Navya said:   1 decade ago
Which one is correct either 25% or 50% ?


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