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.
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.
Sello said:
1 decade ago
It can be done this way:
300 = x/100 * 5500 i.e 5500 is the total lost costs,100=%
300*100 = x*5500
5.45 = x
300 = x/100 * 5500 i.e 5500 is the total lost costs,100=%
300*100 = x*5500
5.45 = x
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.
Rango said:
10 years ago
@Sudhakar.
The selling price is Rs 115.
Cost price is Rs 100.
Actually, profit is 15.
Then, % of profit is 15.
The selling price is Rs 115.
Cost price is Rs 100.
Actually, profit is 15.
Then, % of profit is 15.
P.chongloi said:
9 years ago
300/55 gives the results as 5*25/55. 25/55 can be further cancelled out into 5/11.
So, the result is 5 * 5/11.
So, the result is 5 * 5/11.
Kushi said:
4 years ago
Now brought 4700.
Spends 800,
Sells 5800.
4700+800 = 5500.
5500 divided by 5800 * 100.
You will get 5 5 by 11.
Spends 800,
Sells 5800.
4700+800 = 5500.
5500 divided by 5800 * 100.
You will get 5 5 by 11.
(7)
Veerakumar said:
10 years ago
Gain formula is (s.p) > (c.p).
Then apply the formula.
Gain = (300/5500 x 100).
Ans = (5 x 5/11)% gain.
Then apply the formula.
Gain = (300/5500 x 100).
Ans = (5 x 5/11)% gain.
Avleen kour said:
4 years ago
CP = (4700 + 800) = 5500
SP = 5800.
Gain = 5800-5500 = 300
Gain% = gain/CP*100.
= (300/5500 * 100).
= 60/11.
SP = 5800.
Gain = 5800-5500 = 300
Gain% = gain/CP*100.
= (300/5500 * 100).
= 60/11.
(34)
Sakshi said:
1 year ago
CP = 4700 + 800 = 5500,
SP = 5800.
CP - SP = P
5800 - 5500 = 300.
P/CP * 100.
300/5500 * 100 = 5,
= 5/11.
SP = 5800.
CP - SP = P
5800 - 5500 = 300.
P/CP * 100.
300/5500 * 100 = 5,
= 5/11.
(7)
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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