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 14 of 15.
Priya said:
1 decade ago
If a man buys 1 lt of milk for Rs.12 and mixes it with 20% water and sells it for Rs.15, then what is the percentage of gain? Please solve this.
Pipe A can fill a tank in 30 mins and Pipe B can fill it in 28 mins. If 3/4th of the tank is filled by Pipe B alone and both are opened, how much time is required by both the pipes to fill the tank completely.
Pipe A can fill a tank in 30 mins and Pipe B can fill it in 28 mins. If 3/4th of the tank is filled by Pipe B alone and both are opened, how much time is required by both the pipes to fill the tank completely.
Sunil said:
1 decade ago
Sam buys an old pen for Rs. 10 and If he sells for Rs. 100, his gain percent is:
Kiruthi said:
1 decade ago
I need to know how the ans 5.454545 can be write in fraction as 5(5/11) %. Give a solution for me.
Christhu said:
1 decade ago
Need a better explanation. Which answer is correct, either 50% or 25%?
Subhransu biswal said:
1 decade ago
20% of 480 = 480*20/100 i.e. Rs.96
total c.p. = 480+96 i.e. 576
the question is to make a profit of Rs144 into%.
so,profit/cp*100
= 144/576*100
=25%
aamit, this is your right answer.
total c.p. = 480+96 i.e. 576
the question is to make a profit of Rs144 into%.
so,profit/cp*100
= 144/576*100
=25%
aamit, this is your right answer.
Kushal said:
1 decade ago
Thanks for such a nice explanation.
Soni said:
1 decade ago
Why do you add profit with maintenance cost? Explain me in clear manner.
Binoy R said:
2 decades ago
@Naresh
Purchase price= 480
Maintenance cost= 480* 20/100=96
Profit=144
Total=96+144=240
% increase from puchase price
= (240/480)*100
=50%
Purchase price= 480
Maintenance cost= 480* 20/100=96
Profit=144
Total=96+144=240
% increase from puchase price
= (240/480)*100
=50%
Naresh said:
2 decades ago
How 50%?
JITHU JAMES said:
2 decades ago
Purchase price = 480
144/480 =3/10 ie 30%
already he spended 20%
now he needs to add 30%
so totally 50%
144/480 =3/10 ie 30%
already he spended 20%
now he needs to add 30%
so totally 50%
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