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:
159 comments Page 9 of 16.
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) %.
Dimple said:
1 decade ago
Why we divided it with Rs. 5500 and not with Rs. 5800?
Anu said:
1 decade ago
How to different the gain of sum?
Hun said:
1 decade ago
Cost price (Rs.)(4700+800) = 15.5500.
Selling price = (S.P)-(C.P) = Rs.(5800-5500) = Rs.300.
Gain%(300\5500)x100% = 5(5\11)%
Selling price = (S.P)-(C.P) = Rs.(5800-5500) = Rs.300.
Gain%(300\5500)x100% = 5(5\11)%
Gunashree said:
1 decade ago
Final answer we got is improper fraction 60/11.
We convert it into mixed number so divide 60 by 11.
11)60(5
55
----
05
We write it in the form of 5(5/15).
We convert it into mixed number so divide 60 by 11.
11)60(5
55
----
05
We write it in the form of 5(5/15).
Shankar said:
1 decade ago
Guys we got 60/11 is final now don't to make to right option we have convert it to numerator 60 into fractional of 11 like below:
= (5+55) /11.
Then suppurate it 5/11+55/11.
Finally it option B 5/11+5 we can also write this is as 5 (5/11).
= (5+55) /11.
Then suppurate it 5/11+55/11.
Finally it option B 5/11+5 we can also write this is as 5 (5/11).
Arunkumar said:
1 decade ago
The gain formula is (Gain/Sold price into*100).
= (300%5500*100) = 5.454545.
This is exact answer.
= (300%5500*100) = 5.454545.
This is exact answer.
Manish S said:
1 decade ago
= 300/5500*100.
Cancel the last two zeros of 5500 and last two zeros of 100.
Now it will be like, 300/55.
While Dividing;
___5___.
55) 300.
-275.
-----------.
25.
So arrange it:
25 (remainder) ___ 5 (quotient) ___ 55.
5*5=25.
5*11=55.
So the answer will be 5.
Cancel the last two zeros of 5500 and last two zeros of 100.
Now it will be like, 300/55.
While Dividing;
___5___.
55) 300.
-275.
-----------.
25.
So arrange it:
25 (remainder) ___ 5 (quotient) ___ 55.
5*5=25.
5*11=55.
So the answer will be 5.
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