Aptitude - Profit and Loss - Discussion

How did you take 60/11 can you explain?

Jaypal paid a property tax of Rs 2800 at a rate of 0.8%. Find the worth of the property?

Formula for gain % is,
Gain = Selling Price(SP) - Cost Price(CP).

Gain% = (Gain/C.P)*100.
Then why the gain is divided by SP in the answer?

By the formula of profit %.

Profit% = (sp/cp -1)*100.

How can we find cost price, if selling price and profit percentage is given?

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.

How is divided [300*100]/5500?

I don't understand, please explain in detail.

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.

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.

25% is the right answer.