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.
Mohamed shahid said:
6 years ago
How did you take 60/11 can you explain?
Akshitha sujith said:
5 years ago
How you get 5(5/11).
Answer: solve the problem till 60/11, then you solve the options, easy trick.
Answer: solve the problem till 60/11, then you solve the options, easy trick.
Amarjeet Gupta said:
5 years ago
Total cost= 4800+700=5500,
and selling price= 5800,
So profit= 300,
And profit% = 300/5500*100 = 5(5/11).
and selling price= 5800,
So profit= 300,
And profit% = 300/5500*100 = 5(5/11).
Pooja. P said:
5 years ago
Cost price = 4700+800 = 5500.
Selling price =580.
Gain = Selling price - cost price = 5800 - 5500=300.
Gain%=(300/5500*100) %.
If we divide 300/5500 then we get 3/55(here zeroes are cancelling. Numerator and denominator are same we can cancel directly).
Now, 3/55*100,
3*100/55,
Here we can divide 100/55 by 5 then we get 20/11,
Go back to step,
Then 3*20/11,
We get, 60/11 write it in mixed fraction,
That is, 5 (5/11)%.
Selling price =580.
Gain = Selling price - cost price = 5800 - 5500=300.
Gain%=(300/5500*100) %.
If we divide 300/5500 then we get 3/55(here zeroes are cancelling. Numerator and denominator are same we can cancel directly).
Now, 3/55*100,
3*100/55,
Here we can divide 100/55 by 5 then we get 20/11,
Go back to step,
Then 3*20/11,
We get, 60/11 write it in mixed fraction,
That is, 5 (5/11)%.
Sakshi said:
6 days ago
CP = 4700 + 800 = 5500,
SP = 5800.
CP - SP = P
5800 - 5500 = 300.
P/CP * 100.
300/5500 * 100 = 5,
= 5/11.
SP = 5800.
CP - SP = P
5800 - 5500 = 300.
P/CP * 100.
300/5500 * 100 = 5,
= 5/11.
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