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 12 of 15.
Mustafa said:
7 years ago
How can we find cost price, if selling price and profit percentage is given?
Kshitij gurung said:
7 years ago
By the formula of profit %.
Profit% = (sp/cp -1)*100.
Profit% = (sp/cp -1)*100.
(2)
Ashutósh said:
6 years ago
Formula for gain % is,
Gain = Selling Price(SP) - Cost Price(CP).
Gain% = (Gain/C.P)*100.
Then why the gain is divided by SP in the answer?
Gain = Selling Price(SP) - Cost Price(CP).
Gain% = (Gain/C.P)*100.
Then why the gain is divided by SP in the answer?
Jaypal said:
6 years ago
Jaypal paid a property tax of Rs 2800 at a rate of 0.8%. Find the worth of the property?
Mohamed shahid said:
6 years ago
How did you take 60/11 can you explain?
Akshitha sujith said:
5 years ago
How you get 5(5/11).
Answer: solve the problem till 60/11, then you solve the options, easy trick.
Answer: solve the problem till 60/11, then you solve the options, easy trick.
Amarjeet Gupta said:
5 years ago
Total cost= 4800+700=5500,
and selling price= 5800,
So profit= 300,
And profit% = 300/5500*100 = 5(5/11).
and selling price= 5800,
So profit= 300,
And profit% = 300/5500*100 = 5(5/11).
Pooja. P said:
5 years ago
Cost price = 4700+800 = 5500.
Selling price =580.
Gain = Selling price - cost price = 5800 - 5500=300.
Gain%=(300/5500*100) %.
If we divide 300/5500 then we get 3/55(here zeroes are cancelling. Numerator and denominator are same we can cancel directly).
Now, 3/55*100,
3*100/55,
Here we can divide 100/55 by 5 then we get 20/11,
Go back to step,
Then 3*20/11,
We get, 60/11 write it in mixed fraction,
That is, 5 (5/11)%.
Selling price =580.
Gain = Selling price - cost price = 5800 - 5500=300.
Gain%=(300/5500*100) %.
If we divide 300/5500 then we get 3/55(here zeroes are cancelling. Numerator and denominator are same we can cancel directly).
Now, 3/55*100,
3*100/55,
Here we can divide 100/55 by 5 then we get 20/11,
Go back to step,
Then 3*20/11,
We get, 60/11 write it in mixed fraction,
That is, 5 (5/11)%.
Manoj said:
5 years ago
How to convert 5.4545 into 5 5/11 mixed fraction? Please explain.
(1)
Rocky said:
5 years ago
@Manoj.
We need not convert simply into 5.4545.
Just after coming 60/11, 11*5+5=60, 60 divide 11= 5 approx remaining is 5.
So, 5 5/11 that mean 11*5 + 5= 60 same as 60/11.
We need not convert simply into 5.4545.
Just after coming 60/11, 11*5+5=60, 60 divide 11= 5 approx remaining is 5.
So, 5 5/11 that mean 11*5 + 5= 60 same as 60/11.
(1)
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