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:
152 comments Page 5 of 16.
Kshitij gurung said:
7 years ago
By the formula of profit %.
Profit% = (sp/cp -1)*100.
Profit% = (sp/cp -1)*100.
(2)
Mustafa said:
8 years ago
How can we find cost price, if selling price and profit percentage is given?
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)
Supritha said:
8 years ago
How is divided [300*100]/5500?
I don't understand, please explain in detail.
I don't understand, please explain in detail.
Sameer Bhoi said:
8 years ago
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.
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.
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)
Bhula said:
8 years ago
25% is the right answer.
B ASHOK KUMAR said:
8 years ago
I would like to know whether gain calculated on CP or SP?
Deepak Chauhan said:
8 years ago
Add 25% of 576, i.e 144.
Premchand said:
8 years ago
170kg*Rs.5.80=Rs.986.
130kg*Rs.5.30=Rs.689.
Total C.P=Rs.986+Rs.689=Rs.1675.
Gain= Rs.161.
S.P=C.P+Gain.
=Rs.1675+Rs.161.
=Rs.1736.
The rate of the mixture let kg=(1736/300)=Rs.5.786.
130kg*Rs.5.30=Rs.689.
Total C.P=Rs.986+Rs.689=Rs.1675.
Gain= Rs.161.
S.P=C.P+Gain.
=Rs.1675+Rs.161.
=Rs.1736.
The rate of the mixture let kg=(1736/300)=Rs.5.786.
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