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:
159 comments Page 16 of 16.
Soumya K said:
7 months ago
I think option B is correct.
(5)
KPR PERUMAL said:
7 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%.
(7)
Yokesh said:
5 months ago
Good, thanks for explaining the answer.
(13)
NANDINI said:
4 months 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)%.
(5)
Abhijit Mazumder said:
4 months ago
Agree, (B) is the correct answer.
(5)
Mariaali said:
2 months ago
Yes, option B is correct.
Sol:
CP = 4700 + 800 = 5500.
SP = 5800.
Profit = SP - CP.
5800-5500.
=300.
Profit %= profit/cost price.
= 300/5500 × 100.
= 5 5/11%.
Sol:
CP = 4700 + 800 = 5500.
SP = 5800.
Profit = SP - CP.
5800-5500.
=300.
Profit %= profit/cost price.
= 300/5500 × 100.
= 5 5/11%.
(3)
Afrifa Yamoah Ponko Boamah said:
2 months ago
This is great, thanks all for explaining.
(1)
Dhanavarshini said:
3 weeks ago
Thanks all for explaining the answer.
Anika said:
2 weeks ago
Very confusing. Can anyone explain to me?
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