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 3 of 15.
Abhijit roy said:
4 years ago
I don't understand.
(6)
Prateek said:
4 years ago
CP x 20 = X x SP.
20 x CP = X x 1.25 x CP (As profit is 25%, so SP = 1.25 x CP),
So, X = 16.
20 x CP = X x 1.25 x CP (As profit is 25%, so SP = 1.25 x CP),
So, X = 16.
(2)
Rupak said:
4 years ago
Here it is Given;
CP of 20 articles = SP of x article.
So let us consider 1aricle is Rs 1 In CP.
So CP = 20.
And at all, we have profit percent of 25%.
So we can equate like;
20 = (1+25% of 1)* X,
20 = 1.25X,
X = 20/1.25,
X = 16.
CP of 20 articles = SP of x article.
So let us consider 1aricle is Rs 1 In CP.
So CP = 20.
And at all, we have profit percent of 25%.
So we can equate like;
20 = (1+25% of 1)* X,
20 = 1.25X,
X = 20/1.25,
X = 16.
(1)
Navdha Dhiman said:
5 years ago
I didn't understand how 5 upon 5/11 is the correct answer?
My answer is 5 upon 25/55.
Please explain it.
My answer is 5 upon 25/55.
Please explain it.
(1)
Amit yadav said:
5 years ago
CP = 4700 + 800 = 5500.
SP = 5800,
Gain% = 300 * 100/5500 = 60/11 = 5-5/11.
SP = 5800,
Gain% = 300 * 100/5500 = 60/11 = 5-5/11.
(1)
Rocky said:
5 years ago
@Manoj.
We need not convert simply into 5.4545.
Just after coming 60/11, 11*5+5=60, 60 divide 11= 5 approx remaining is 5.
So, 5 5/11 that mean 11*5 + 5= 60 same as 60/11.
We need not convert simply into 5.4545.
Just after coming 60/11, 11*5+5=60, 60 divide 11= 5 approx remaining is 5.
So, 5 5/11 that mean 11*5 + 5= 60 same as 60/11.
(1)
Manoj said:
5 years ago
How to convert 5.4545 into 5 5/11 mixed fraction? Please explain.
(1)
Pooja. P said:
5 years ago
Cost price = 4700+800 = 5500.
Selling price =580.
Gain = Selling price - cost price = 5800 - 5500=300.
Gain%=(300/5500*100) %.
If we divide 300/5500 then we get 3/55(here zeroes are cancelling. Numerator and denominator are same we can cancel directly).
Now, 3/55*100,
3*100/55,
Here we can divide 100/55 by 5 then we get 20/11,
Go back to step,
Then 3*20/11,
We get, 60/11 write it in mixed fraction,
That is, 5 (5/11)%.
Selling price =580.
Gain = Selling price - cost price = 5800 - 5500=300.
Gain%=(300/5500*100) %.
If we divide 300/5500 then we get 3/55(here zeroes are cancelling. Numerator and denominator are same we can cancel directly).
Now, 3/55*100,
3*100/55,
Here we can divide 100/55 by 5 then we get 20/11,
Go back to step,
Then 3*20/11,
We get, 60/11 write it in mixed fraction,
That is, 5 (5/11)%.
Amarjeet Gupta said:
5 years ago
Total cost= 4800+700=5500,
and selling price= 5800,
So profit= 300,
And profit% = 300/5500*100 = 5(5/11).
and selling price= 5800,
So profit= 300,
And profit% = 300/5500*100 = 5(5/11).
Akshitha sujith said:
5 years ago
How you get 5(5/11).
Answer: solve the problem till 60/11, then you solve the options, easy trick.
Answer: solve the problem till 60/11, then you solve the options, easy trick.
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