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 15 of 15.
Aamir said:
1 decade ago
Please solve and explain to this question.
Q.1) A carpenter bought an old table at Rs 480 and spent 20% of it on repairing. If he wants to make a profit of Rs 144 then what percentage should be added in purchase price?
Q.1) A carpenter bought an old table at Rs 480 and spent 20% of it on repairing. If he wants to make a profit of Rs 144 then what percentage should be added in purchase price?
Sundar said:
2 decades ago
How did 5.5/11 come?
Gain% = (300 x 100)/5500
= 30000/5500
= 300/55
= 60/11
= 5.45454545....
= 5(5/11) [ after converting 5.4545.. into vulgar fraction]
Note: What is a vulgar fraction?
A fraction in the form of one integer divided by another, non-zero, integer.
A vulgar fraction is one where the numerator (the number on the top) is bigger than the denominator (the number on the bottom). More pedantically, the absolute value of the numerator is bigger than the absolute value of the denominator.
I hope you understand. Have a nice day!
Gain% = (300 x 100)/5500
= 30000/5500
= 300/55
= 60/11
= 5.45454545....
= 5(5/11) [ after converting 5.4545.. into vulgar fraction]
Note: What is a vulgar fraction?
A fraction in the form of one integer divided by another, non-zero, integer.
A vulgar fraction is one where the numerator (the number on the top) is bigger than the denominator (the number on the bottom). More pedantically, the absolute value of the numerator is bigger than the absolute value of the denominator.
I hope you understand. Have a nice day!
Sagar said:
2 decades ago
I don't understand the how you get the 5(5/11).
I doesn't understand logic behind it please help me.
I doesn't understand logic behind it please help me.
Naveen said:
2 decades ago
Gain = Selling Price(SP) - Cost Price(CP)
Gain% = (Gain/C.P)*100
Gain% = (Gain/C.P)*100
(1)
NIKILA said:
2 decades ago
Please give the formula to find Gain and Gain%.
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