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:
155 comments Page 15 of 16.
Christhu said:
2 decades ago
Need a better explanation. Which answer is correct, either 50% or 25%?
Subhransu biswal said:
2 decades 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:
2 decades ago
Thanks for such a nice explanation.
Soni said:
2 decades 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%
Rupesh kable said:
2 decades ago
But whats the percentage is added in purchase price?
Vinod Kr.Yadav said:
2 decades 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
Navnit said:
2 decades ago
20% of 480 i.e cost price is 96.
total cp = 480+96 = 576
to make a profit of 144 the selling price should be
576+144 = 720
if purchase price u meant is the COST PRICE..its hard to say
how would u make profit if u increase your costs investment
total cp = 480+96 = 576
to make a profit of 144 the selling price should be
576+144 = 720
if purchase price u meant is the COST PRICE..its hard to say
how would u make profit if u increase your costs investment
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