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 14 of 15.
Chhayank Kumar Sahu said:
3 years ago
Profit= SP/CP
= 5800/(4700+800)
= 1.0545( it's profit because
Value of SP/CP = more.
than 1, and how
much more than 1= 0.054 more than 1)
So profit % will be 0.054×100= 5.45% or 5(5/11).
Always use SP/CP for profit loss, If the value is less than 1, then find how much less than 1, it will be a loss.
= 5800/(4700+800)
= 1.0545( it's profit because
Value of SP/CP = more.
than 1, and how
much more than 1= 0.054 more than 1)
So profit % will be 0.054×100= 5.45% or 5(5/11).
Always use SP/CP for profit loss, If the value is less than 1, then find how much less than 1, it will be a loss.
(24)
Avleen kour said:
3 years ago
CP = (4700 + 800) = 5500
SP = 5800.
Gain = 5800-5500 = 300
Gain% = gain/CP*100.
= (300/5500 * 100).
= 60/11.
SP = 5800.
Gain = 5800-5500 = 300
Gain% = gain/CP*100.
= (300/5500 * 100).
= 60/11.
(34)
Sumit Kumar Giri said:
2 years ago
Given that,
CP = 4700 but spends the repairs scooter 800 so,
Total cp = 4700 + 800 = 5500,
Sp = 5800.
gain = Sp - Cp.
gain = 5800 - 5500=300,
gain% = gain × 100/Cp,
gain% = 300 × 100/5500 =60/11%.
gain% = 5.45%.
CP = 4700 but spends the repairs scooter 800 so,
Total cp = 4700 + 800 = 5500,
Sp = 5800.
gain = Sp - Cp.
gain = 5800 - 5500=300,
gain% = gain × 100/Cp,
gain% = 300 × 100/5500 =60/11%.
gain% = 5.45%.
(35)
Ankush Kumar said:
2 years ago
CP = 4700
REPAIRS = 800
TOTAL = 5500
SP = 5800
PROFIT = 5800-5500
= 300.
GAIN PERCENT = 300/5500*100,
= 60/11,
So, the answer is = 5(5/11).
REPAIRS = 800
TOTAL = 5500
SP = 5800
PROFIT = 5800-5500
= 300.
GAIN PERCENT = 300/5500*100,
= 60/11,
So, the answer is = 5(5/11).
(12)
SAGAR MHATRE said:
2 years ago
He bought scooter for Rs.5500/-
And sold it for 5800/- and got 300/-profit.
explanation:- 30000/5500 = 60/11 that is 5 5/11%.
And sold it for 5800/- and got 300/-profit.
explanation:- 30000/5500 = 60/11 that is 5 5/11%.
(25)
Sayak Chakraborty said:
2 years ago
Thank you for the solution. It's very helpful.
(12)
Sonu kr said:
2 years ago
Nice explanation. Thanks everyone.
(18)
Kajal said:
2 years ago
cp - sp = p
Then total cp 4700 + 800 = 5500.
So, sp 5800.
cp - sp ---> 5800 - 5500 = 300.
p/cp * 100.
300/5500 * 100 = 5,5/11.
Then total cp 4700 + 800 = 5500.
So, sp 5800.
cp - sp ---> 5800 - 5500 = 300.
p/cp * 100.
300/5500 * 100 = 5,5/11.
(33)
Shirisha SR said:
1 year ago
Good explanation, thanks all.
(50)
Dhiraj kunwar said:
9 months ago
Thanks for explaining the answer.
(10)
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