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:
146 comments Page 14 of 15.
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:
1 decade 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:
1 decade ago
How 50%?
JITHU JAMES said:
1 decade 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%
Rupesh kable said:
1 decade ago
But whats the percentage is added in purchase price?
Vinod Kr.Yadav said:
1 decade ago
20% of 480 = 480*20/100 i.e. Rs.96
total c.p. = 480+96 i.e. 576
profit 144 i.e. s.p. = c.p.+ profit
= 576 + 144
= 720
total c.p. = 480+96 i.e. 576
profit 144 i.e. s.p. = c.p.+ profit
= 576 + 144
= 720
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers