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:
148 comments Page 3 of 15.
Sakshi said:
7 months ago
CP = 4700 + 800 = 5500,
SP = 5800.
CP - SP = P
5800 - 5500 = 300.
P/CP * 100.
300/5500 * 100 = 5,
= 5/11.
SP = 5800.
CP - SP = P
5800 - 5500 = 300.
P/CP * 100.
300/5500 * 100 = 5,
= 5/11.
(7)
Abhijit roy said:
4 years ago
I don't understand.
(6)
Pavi said:
4 years ago
Thanks for the good explanation.
(6)
PRAVEEN said:
2 months ago
CP = 4700 + 800 = 5500,
CP - SP = 5500 - 5800 = 300,
P%= (300/5500) * 100 = 5(5/11)%.
CP - SP = 5500 - 5800 = 300,
P%= (300/5500) * 100 = 5(5/11)%.
(4)
Dsdcds said:
1 decade ago
Is repair price included in the cost?
(2)
Kshitij gurung said:
7 years ago
By the formula of profit %.
Profit% = (sp/cp -1)*100.
Profit% = (sp/cp -1)*100.
(2)
Manoj said:
6 years ago
How to convert 5.4545 into 5 5/11 mixed fraction? Please explain.
(2)
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)
Naveen said:
2 decades ago
Gain = Selling Price(SP) - Cost Price(CP)
Gain% = (Gain/C.P)*100
Gain% = (Gain/C.P)*100
(1)
Sameer Bhoi said:
8 years ago
Simple logic.
If the c.p of 20 articles is = 20rupees,
So 20=100%.
The s.p of x articles is = 20rupees,
if gain% is 25% it means 20 rupees of c.p is = 125%.
We need to understand that 5 is 25% of 20.
So 100%+25%=20+5,
125%=25.
Now we can find the s.p of 1 articles
s.p 25÷20 c.p =1.25.
The s.p of 1 articles is =1.25.
Now we can find the sold (x) articles those make 20 rupees
20÷1.25=16.
Sold articles is =16 Ans,
And.
20*1.25=25,
25 = 125% of c.p 20.
If the c.p of 20 articles is = 20rupees,
So 20=100%.
The s.p of x articles is = 20rupees,
if gain% is 25% it means 20 rupees of c.p is = 125%.
We need to understand that 5 is 25% of 20.
So 100%+25%=20+5,
125%=25.
Now we can find the s.p of 1 articles
s.p 25÷20 c.p =1.25.
The s.p of 1 articles is =1.25.
Now we can find the sold (x) articles those make 20 rupees
20÷1.25=16.
Sold articles is =16 Ans,
And.
20*1.25=25,
25 = 125% of c.p 20.
(1)
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