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:
146 comments Page 3 of 15.
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)
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)
Sakshi said:
2 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.
(2)
Sireen said:
3 weeks ago
Thanks all for explaining.
(2)
Naveen said:
2 decades ago
Gain = Selling Price(SP) - Cost Price(CP)
Gain% = (Gain/C.P)*100
Gain% = (Gain/C.P)*100
(1)
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)
Manoj said:
5 years ago
How to convert 5.4545 into 5 5/11 mixed fraction? Please explain.
(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)
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)
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