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 2 of 15.
Sagar patil said:
4 years ago
It is 300/5500*100.
i.e 30000/5500,
i.e 60/11.
The formula is
Quotient : Remainder/Dividend.
Then you will get 5(5/11).
i.e 30000/5500,
i.e 60/11.
The formula is
Quotient : Remainder/Dividend.
Then you will get 5(5/11).
(12)
Ankush Kumar said:
2 years ago
CP = 4700
REPAIRS = 800
TOTAL = 5500
SP = 5800
PROFIT = 5800-5500
= 300.
GAIN PERCENT = 300/5500*100,
= 60/11,
So, the answer is = 5(5/11).
REPAIRS = 800
TOTAL = 5500
SP = 5800
PROFIT = 5800-5500
= 300.
GAIN PERCENT = 300/5500*100,
= 60/11,
So, the answer is = 5(5/11).
(12)
Sayak Chakraborty said:
2 years ago
Thank you for the solution. It's very helpful.
(12)
Dhiraj kunwar said:
9 months ago
Thanks for explaining the answer.
(10)
Zunaid said:
3 years ago
Thanks all for the crystal clear explanation.
(9)
Kushi said:
3 years ago
Now brought 4700.
Spends 800,
Sells 5800.
4700+800 = 5500.
5500 divided by 5800 * 100.
You will get 5 5 by 11.
Spends 800,
Sells 5800.
4700+800 = 5500.
5500 divided by 5800 * 100.
You will get 5 5 by 11.
(7)
Anwesha Biswas said:
3 months ago
Cost price of the scooter = Rs. 4700.
As Rs. 800 is spent on repairing, the total C.P is Rs.4700+Rs.800(i.e. Rs.5500).
Now, he sold it at Rs. 5800.
Profit = S.P - C.P.(i.e. Rs. 5800 - Rs. 5500)
= Rs. 300.
Since, profit %= Profit/C.P × 100.
= 5800 - 5500/5800 × 100,
= 60/11% > 5 5/11%.
Hence, the required answer is 5 5/11 %.
As Rs. 800 is spent on repairing, the total C.P is Rs.4700+Rs.800(i.e. Rs.5500).
Now, he sold it at Rs. 5800.
Profit = S.P - C.P.(i.e. Rs. 5800 - Rs. 5500)
= Rs. 300.
Since, profit %= Profit/C.P × 100.
= 5800 - 5500/5800 × 100,
= 60/11% > 5 5/11%.
Hence, the required answer is 5 5/11 %.
(7)
Abhijit roy said:
4 years ago
I don't understand.
(6)
Pavi said:
3 years ago
Thanks for the good explanation.
(6)
PREETHI said:
1 month ago
Cp = 4700 + 800 = 5500.
Sp = 5800.
Gain %= (300÷5500) × 100,
= 60/55,
= 5 5/11.
Sp = 5800.
Gain %= (300÷5500) × 100,
= 60/55,
= 5 5/11.
(3)
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