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 8 of 16.
Chandu Ramayya said:
1 decade ago
Let's forget about formula.
Its given, total cost price(original cost + repair) = 5500.
selling price = 5800.
Difference = 300.
Thus, we need to find how much 300 be of 5800.
Let, 10% of 5800 = 580. So options C& D are eliminated since 300 is less than and not equal to 580.
Coming to option A, 1% of 5800 = 58(50 + 8).
Thus 4(58) = 236.
So the ultimate option be B.
Its given, total cost price(original cost + repair) = 5500.
selling price = 5800.
Difference = 300.
Thus, we need to find how much 300 be of 5800.
Let, 10% of 5800 = 580. So options C& D are eliminated since 300 is less than and not equal to 580.
Coming to option A, 1% of 5800 = 58(50 + 8).
Thus 4(58) = 236.
So the ultimate option be B.
Kevin Wood said:
1 decade ago
See we got 60/11 in above solutions.
Now if you are dividing 60 by 11 you will get 5 has a quotient and 5 has a remainder.
Therefore 5 5/11.
Or you can see that in 60/11,11 is the divisor and there is only one 11 has a divisor in the answer which is option B). You get the answer simply.
Now if you are dividing 60 by 11 you will get 5 has a quotient and 5 has a remainder.
Therefore 5 5/11.
Or you can see that in 60/11,11 is the divisor and there is only one 11 has a divisor in the answer which is option B). You get the answer simply.
Anurag rocks said:
1 decade ago
60/11 can also b written as 5 5/11. Because if we simplify this mixed fraction. That is 11 * 5 + 5/11 = 60/11 only.
Rani Singh said:
1 decade ago
His sp = 5800.
CP = 4700 + 800 = 5500.
Gain = Sp - cp.
Gain = 5800 - 5500.
Gain = 300.
Den we want to find gain%.
Gain% = gain * 100/vo.
Gain% = 300 * 100 / 5500.
After calculation,
We get 60/11.
And this no. Also write as option B.
CP = 4700 + 800 = 5500.
Gain = Sp - cp.
Gain = 5800 - 5500.
Gain = 300.
Den we want to find gain%.
Gain% = gain * 100/vo.
Gain% = 300 * 100 / 5500.
After calculation,
We get 60/11.
And this no. Also write as option B.
Seema said:
1 decade ago
I didn't understand it, can anyone write it clearly?
How the answer came ie. the gain?
How the answer came ie. the gain?
Ashwini madne said:
1 decade ago
60/11.
Take a number in 11th table which is nearest to 60 ie (11 * 5 = 55).
Quotient = 5.
Divisor 11.
But we want 60 so add 5 in 55.
i.e (11 * 5 + 5/11).
Remainder = 5.
So, 5(5/11).
Take a number in 11th table which is nearest to 60 ie (11 * 5 = 55).
Quotient = 5.
Divisor 11.
But we want 60 so add 5 in 55.
i.e (11 * 5 + 5/11).
Remainder = 5.
So, 5(5/11).
Arun said:
1 decade ago
I can understand all the function but how the answer is 5 (5/11)?
Please explain me.
Please explain me.
Rajesh kumar said:
1 decade ago
C.P. = 4700 + 800.
= 5500.
S.P. = 5800.
Now,
C.P : S.P = 55 : 58.
3*100/55 = 5(5/11).
= 5500.
S.P. = 5800.
Now,
C.P : S.P = 55 : 58.
3*100/55 = 5(5/11).
Vikas said:
1 decade ago
Cp of article 20Rs. Then
20 is equal to 100.
Q say to find sales value and include profit
Then 20/100-125 = 25.
20 is equal to 100.
Q say to find sales value and include profit
Then 20/100-125 = 25.
Naresh said:
1 decade ago
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:
CP: 4700 + 800 = 5500
Sp: 5800
Gain% = 5800 - 5500
Gain = 300
=> 300 * 100 / 5500 = 60/11.
=> 5(5/11) %.
CP: 4700 + 800 = 5500
Sp: 5800
Gain% = 5800 - 5500
Gain = 300
=> 300 * 100 / 5500 = 60/11.
=> 5(5/11) %.
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