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:
148 comments Page 13 of 15.
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
Zunaid said:
3 years ago
Thanks all for the crystal clear explanation.
(9)
Madhusudhana rao said:
9 years ago
Please tell me the shortcut to solve this.
Navya said:
1 decade ago
Which one is correct either 25% or 50% ?
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