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:
152 comments Page 3 of 16.
Avleen kour said:
3 years ago
CP = (4700 + 800) = 5500
SP = 5800.
Gain = 5800-5500 = 300
Gain% = gain/CP*100.
= (300/5500 * 100).
= 60/11.
SP = 5800.
Gain = 5800-5500 = 300
Gain% = gain/CP*100.
= (300/5500 * 100).
= 60/11.
(34)
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)
Zunaid said:
3 years ago
Thanks all for the crystal clear explanation.
(9)
Anchal said:
3 years ago
C.p-4700 + 800 = 5500.
Sp- 5800,
Profit:
sp-cp.
5800-5500.
300*100/5500=60/11.
Sp- 5800,
Profit:
sp-cp.
5800-5500.
300*100/5500=60/11.
(16)
Kushi said:
4 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)
Pavi said:
4 years ago
Thanks for the good explanation.
(6)
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)
Abhijit roy said:
5 years ago
I don't understand.
(6)
Prateek said:
5 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:
5 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)
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