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:
146 comments Page 8 of 15.
Arjun Sonik said:
1 decade ago
As the cost price is 4700 Rs, and another amount has spend on its repairs i.e 800 Rs. So, total money spent by the person is Rs 5500(4700+800).
Now he sells it for Rs 5800.
SP = Rs 5800.
Profit= 5800-5500=> Rs 300 (he earns as profit).
P% = (Profit/CP) *100.
= (300/5500) *100.
And you get the required results by calculation 60/11. Option B :) :D.
Now he sells it for Rs 5800.
SP = Rs 5800.
Profit= 5800-5500=> Rs 300 (he earns as profit).
P% = (Profit/CP) *100.
= (300/5500) *100.
And you get the required results by calculation 60/11. Option B :) :D.
Abishnath M.G said:
1 decade ago
Most of doubt relating to how to get 5/11 = 0.45.
Easy way to think 5/10 = 0.50 think properly connect.
Easy way to think 5/10 = 0.50 think properly connect.
Dexter said:
1 decade ago
Most of doubt relating to how to get 5(5/11).
It' easy. It's a mixed fraction. After dividing 300*100/5500. WE GET 60/11. CALCULATE 60/11 by long division method we get quotent 5 and remainder 5 and divisor 11. Here is the way :- Quotient 5(Remainder 5/Divisor 11).
It' easy. It's a mixed fraction. After dividing 300*100/5500. WE GET 60/11. CALCULATE 60/11 by long division method we get quotent 5 and remainder 5 and divisor 11. Here is the way :- Quotient 5(Remainder 5/Divisor 11).
Troy said:
1 decade ago
Why do you put the 800 hundred in the problem? and how do you turn it in an percentage?
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 %.
Vivek said:
1 decade ago
By selling a table for Rs:1320. A trader gain 10%.
Find the C.P. of table?
Find the C.P. of table?
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.
Piyush said:
1 decade ago
@Vivek.
As, %gain = (gain/C.P)*100.
And gain = S.P - C.P.
Let,
C.P. = x.
S.P = 1320.
%gain = 10.
Gain=1320 - x.
Putting in %gain formula,
10 = ((1320-x)/x)*100.
x = 13200/11.
x = 1200.
As, %gain = (gain/C.P)*100.
And gain = S.P - C.P.
Let,
C.P. = x.
S.P = 1320.
%gain = 10.
Gain=1320 - x.
Putting in %gain formula,
10 = ((1320-x)/x)*100.
x = 13200/11.
x = 1200.
BHASKAR said:
1 decade ago
CP = 4700.
SP = 5800.
REPAIR PRICE = 800.
SO CP = 5500.
PROFIT = SP-CP.
P = 5800-5500.
P = 300.
GAIN = PROFIT/CP*100.
G = 300/5500*100.
GAIN = 5*5/11.
SP = 5800.
REPAIR PRICE = 800.
SO CP = 5500.
PROFIT = SP-CP.
P = 5800-5500.
P = 300.
GAIN = PROFIT/CP*100.
G = 300/5500*100.
GAIN = 5*5/11.
Ramkumar said:
1 decade ago
Why we add to divide a 30/5800*100.
I was confused please teach me?
I was confused please teach me?
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