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:
152 comments Page 13 of 16.
Pandab harichandan said:
1 decade ago
By selling an article 1500 losses 20%. Find cost price.
Rahul said:
1 decade ago
Answer is 5.454545. How to convert it on given answer?
Dimple said:
1 decade ago
Why we divided it with Rs. 5500 and not with Rs. 5800?
Kshitij gurung said:
7 years ago
By the formula of profit %.
Profit% = (sp/cp -1)*100.
Profit% = (sp/cp -1)*100.
(2)
Rupesh kable said:
2 decades ago
But whats the percentage is added in purchase price?
Munna said:
1 decade ago
It is simplification process.
[(11*5)+5]/11=60/11.
[(11*5)+5]/11=60/11.
Chand basha mcb said:
1 decade ago
Why we add total cost price to divide[300/5500*100]?
NIKILA said:
2 decades ago
Please give the formula to find Gain and Gain%.
Sayak Chakraborty said:
2 years ago
Thank you for the solution. It's very helpful.
(12)
Kalpana said:
1 decade ago
@ sam
900%
S.P-C.P= Gain
Gain %= Gain/C.P*100
900%
S.P-C.P= Gain
Gain %= Gain/C.P*100
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