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.
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)
Munna said:
1 decade ago
It is simplification process.
[(11*5)+5]/11=60/11.
[(11*5)+5]/11=60/11.
Malathy said:
1 decade ago
Thanks rahul nice explanation.
Pranav Rastogi said:
1 decade 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)
Murthyalex said:
1 decade ago
The difference between 58% of a number and 39% of the same number is 247. What is 62% of that number?
Navya said:
1 decade ago
Which one is correct either 25% or 50% ?
Nirmala Reddy said:
1 decade ago
Correct Answer is 25%.
Item Cost price is + Maintenance price we will consider as cost price.
Item Cost price is + Maintenance price we will consider as cost price.
Sello said:
1 decade ago
It can be done this way:
300 = x/100 * 5500 i.e 5500 is the total lost costs,100=%
300*100 = x*5500
5.45 = x
300 = x/100 * 5500 i.e 5500 is the total lost costs,100=%
300*100 = x*5500
5.45 = x
Santosh said:
1 decade ago
If I sale a Things (A) in 240 it will be lose 10% in how much I have to sale it to get 30% profit ?
S. P=240.
Lose 10%.
C. P = ?
S. P=240.
Lose 10%.
C. P = ?
Vaasu said:
1 decade ago
C.p 4700+800=5500 ,s.p 5800 between diff 300 5500 300
100 x (cross multiply)
x=300*100/5500=60/11
100 x (cross multiply)
x=300*100/5500=60/11
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