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:
156 comments Page 4 of 16.
Abhijit Mazumder said:
2 months ago
Agree, (B) is the correct answer.
(5)
Mariaali said:
4 weeks ago
Yes, option B is correct.
Sol:
CP = 4700 + 800 = 5500.
SP = 5800.
Profit = SP - CP.
5800-5500.
=300.
Profit %= profit/cost price.
= 300/5500 × 100.
= 5 5/11%.
Sol:
CP = 4700 + 800 = 5500.
SP = 5800.
Profit = SP - CP.
5800-5500.
=300.
Profit %= profit/cost price.
= 300/5500 × 100.
= 5 5/11%.
(3)
Dsdcds said:
1 decade ago
Is repair price included in the cost?
(2)
Kshitij gurung said:
8 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)
Nimchiki said:
8 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)
Amarjeet Gupta said:
6 years 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).
(1)
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