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 16 of 16.
Soumya K said:
4 months ago
I think option B is correct.
(3)
KPR PERUMAL said:
4 months 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%.
(6)
Yokesh said:
2 months ago
Good, thanks for explaining the answer.
(9)
NANDINI said:
3 weeks ago
Option B is correct because
CP = 4700 + 800 = 5500,
SP = 5800.
CP - SP = 5500 - 5800 = 300,
Gain%= (300/5500) * 100.
= 5 (5/11)%.
CP = 4700 + 800 = 5500,
SP = 5800.
CP - SP = 5500 - 5800 = 300,
Gain%= (300/5500) * 100.
= 5 (5/11)%.
(2)
Abhijit Mazumder said:
3 weeks ago
Agree, (B) is the correct answer.
(2)
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