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:
145 comments Page 6 of 15.
NAVEENKUMAR N L said:
1 decade ago
@Vivek.
C.P = ?
S.P = 1320.
Gain g =10%.
S.P = [(100+g%)/100]*C.P.
1320 = [(100+10)/100]*C.P.
C.P = (1320*100)/110.
C.P = 13200/11.
C.P = 1200.
C.P = ?
S.P = 1320.
Gain g =10%.
S.P = [(100+g%)/100]*C.P.
1320 = [(100+10)/100]*C.P.
C.P = (1320*100)/110.
C.P = 13200/11.
C.P = 1200.
Sayantan singha said:
1 decade ago
Cost price 4700.
After repairing the total price is: (4700+800) = 5500.
Selling price = 5800.
Profit percent = ( (300/5500) *100) = 60/11 %.
After repairing the total price is: (4700+800) = 5500.
Selling price = 5800.
Profit percent = ( (300/5500) *100) = 60/11 %.
Binoy R said:
1 decade ago
@Naresh
Purchase price= 480
Maintenance cost= 480* 20/100=96
Profit=144
Total=96+144=240
% increase from puchase price
= (240/480)*100
=50%
Purchase price= 480
Maintenance cost= 480* 20/100=96
Profit=144
Total=96+144=240
% increase from puchase price
= (240/480)*100
=50%
Pooja said:
1 decade ago
Money purchased a pressure cooker at 9/10th of its selling price and sold it at 8% more than its S.P. Find her gain percent. Please solve it.
Ashutósh said:
6 years ago
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?
Gain = Selling Price(SP) - Cost Price(CP).
Gain% = (Gain/C.P)*100.
Then why the gain is divided by SP in the answer?
Sameer alam said:
1 decade ago
By reducing the selling price of an article by Rs 50 a gain of 5% turns into a loss of 5%. Find the original selling price of the article?
Chaithu said:
1 decade ago
Means buying and spending money on something comes under cost price. So, the formula for Profit% = (profit/c.p)*100.
Profit: S.P - C.P.
Profit: S.P - C.P.
Sudhakar said:
9 years ago
My buying cost price Rs. 100/-, my selling price Rs. 115/- so now I want to know the % of on sales price. Can you find the solution?
Gowri ravi said:
9 years ago
Here we use 800 rupees for the repairing so it becomes a loss for the buyer the how come adding with cost price? I can't understand.
Sameer ramchiary said:
8 months ago
CP = 4700 + 800 = 5500
Sp = 5800.
Sp - cp = profit.
5800 - 5500 = 300(p)
P% = p/cp×100.
= 300/5500 × 100.
= 60/11.
Sp = 5800.
Sp - cp = profit.
5800 - 5500 = 300(p)
P% = p/cp×100.
= 300/5500 × 100.
= 60/11.
(19)
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