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.
Kalyani said:
6 months ago
Cost price = 4700
For repairs = 800
Total cost price = 4700+ 800 = 5500
Selling price = 5800
Profit = selling price - cost price.
= 5800-5500.
=300.
Profit % = (profit/cost price)* 100,
= (300/5500)*100,
= (300/55).
= 60/11,
= 5 5/11 %.
For repairs = 800
Total cost price = 4700+ 800 = 5500
Selling price = 5800
Profit = selling price - cost price.
= 5800-5500.
=300.
Profit % = (profit/cost price)* 100,
= (300/5500)*100,
= (300/55).
= 60/11,
= 5 5/11 %.
(25)
Chhayank Kumar Sahu said:
3 years ago
Profit= SP/CP
= 5800/(4700+800)
= 1.0545( it's profit because
Value of SP/CP = more.
than 1, and how
much more than 1= 0.054 more than 1)
So profit % will be 0.054×100= 5.45% or 5(5/11).
Always use SP/CP for profit loss, If the value is less than 1, then find how much less than 1, it will be a loss.
= 5800/(4700+800)
= 1.0545( it's profit because
Value of SP/CP = more.
than 1, and how
much more than 1= 0.054 more than 1)
So profit % will be 0.054×100= 5.45% or 5(5/11).
Always use SP/CP for profit loss, If the value is less than 1, then find how much less than 1, it will be a loss.
(24)
Kevin Wood said:
9 years ago
See we got 60/11 in above solutions.
Now if you are dividing 60 by 11 you will get 5 has a quotient and 5 has a remainder.
Therefore 5 5/11.
Or you can see that in 60/11,11 is the divisor and there is only one 11 has a divisor in the answer which is option B). You get the answer simply.
Now if you are dividing 60 by 11 you will get 5 has a quotient and 5 has a remainder.
Therefore 5 5/11.
Or you can see that in 60/11,11 is the divisor and there is only one 11 has a divisor in the answer which is option B). You get the answer simply.
Sunaina Sharma said:
1 decade ago
I did not understand how you solve the final answer if I solve 300/5500*100 then I did not get 5*5/11 I only get 20/3, if I solve with another method then I get the correct answer so please show proper calculations so I can easily understand whole cutting process at the end of answer.
Nimchiki said:
7 years ago
Hi, guys this is the best tricks to solve this question lets start.
Old scooter price =4700
Spend on repair =800
The Total cost of scooter is=5500.
He sells the scooter on rupees 5800.
Now gain = s.p-c.p
5800-5500=300..
Gain=300.
Gain%=gain * 100\c.p
Gain%=300*100\5500=5.454.
Old scooter price =4700
Spend on repair =800
The Total cost of scooter is=5500.
He sells the scooter on rupees 5800.
Now gain = s.p-c.p
5800-5500=300..
Gain=300.
Gain%=gain * 100\c.p
Gain%=300*100\5500=5.454.
(1)
Mahesh Pandya said:
1 decade ago
Please, would you please help me?
Above from I saw all methods of solution, but from above mentions besides any others method are available to solved this example?
If you have any simpler method, please?
I have much tried to solved examples. But I couldn't did this.
Above from I saw all methods of solution, but from above mentions besides any others method are available to solved this example?
If you have any simpler method, please?
I have much tried to solved examples. But I couldn't did this.
Manish S said:
10 years ago
= 300/5500*100.
Cancel the last two zeros of 5500 and last two zeros of 100.
Now it will be like, 300/55.
While Dividing;
___5___.
55) 300.
-275.
-----------.
25.
So arrange it:
25 (remainder) ___ 5 (quotient) ___ 55.
5*5=25.
5*11=55.
So the answer will be 5.
Cancel the last two zeros of 5500 and last two zeros of 100.
Now it will be like, 300/55.
While Dividing;
___5___.
55) 300.
-275.
-----------.
25.
So arrange it:
25 (remainder) ___ 5 (quotient) ___ 55.
5*5=25.
5*11=55.
So the answer will be 5.
Dexter said:
1 decade ago
Most of doubt relating to how to get 5(5/11).
It' easy. It's a mixed fraction. After dividing 300*100/5500. WE GET 60/11. CALCULATE 60/11 by long division method we get quotent 5 and remainder 5 and divisor 11. Here is the way :- Quotient 5(Remainder 5/Divisor 11).
It' easy. It's a mixed fraction. After dividing 300*100/5500. WE GET 60/11. CALCULATE 60/11 by long division method we get quotent 5 and remainder 5 and divisor 11. Here is the way :- Quotient 5(Remainder 5/Divisor 11).
RAHUL said:
1 decade ago
How did 5.5/11 come?
ANS: Gain% = (300 x 100)/5500
= 30000/5500
= 300/55
= 60/11
NOW dont calculate ans in decimal instead get ans. in the form of quotient remainder and divisor
Here QUOTIENT=5
REMAINDER=5
DIVISOR=11
SO V GET 5(5/11)
ANS: Gain% = (300 x 100)/5500
= 30000/5500
= 300/55
= 60/11
NOW dont calculate ans in decimal instead get ans. in the form of quotient remainder and divisor
Here QUOTIENT=5
REMAINDER=5
DIVISOR=11
SO V GET 5(5/11)
Navnit said:
1 decade ago
20% of 480 i.e cost price is 96.
total cp = 480+96 = 576
to make a profit of 144 the selling price should be
576+144 = 720
if purchase price u meant is the COST PRICE..its hard to say
how would u make profit if u increase your costs investment
total cp = 480+96 = 576
to make a profit of 144 the selling price should be
576+144 = 720
if purchase price u meant is the COST PRICE..its hard to say
how would u make profit if u increase your costs investment
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