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:
152 comments Page 16 of 16.
Soumya K said:
4 weeks ago
I think option B is correct.
(2)
KPR PERUMAL said:
2 weeks ago
TOTAL CP = 4700 + 800 = 5500.
SELLING PRICE = 5800.
PROFIT = 5800 - 5500 = 300,
= P/CP * 100.
= 300/5500 * 100,
= 5 5/11%.
SELLING PRICE = 5800.
PROFIT = 5800 - 5500 = 300,
= P/CP * 100.
= 300/5500 * 100,
= 5 5/11%.
(1)
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