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 9 of 15.
Murthyalex said:
1 decade ago
The difference between 58% of a number and 39% of the same number is 247. What is 62% of that number?
Arunkumar said:
10 years 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.
Damodar Narayan said:
1 decade ago
CP = 5500(including what he spends).
SP = 5800.
P = 300.
P% = (P/CP)*100 = (300/5500)*100 = 60/11.
SP = 5800.
P = 300.
P% = (P/CP)*100 = (300/5500)*100 = 60/11.
Akshitha sujith said:
5 years ago
How you get 5(5/11).
Answer: solve the problem till 60/11, then you solve the options, easy trick.
Answer: solve the problem till 60/11, then you solve the options, easy trick.
Kiruthi said:
1 decade ago
I need to know how the ans 5.454545 can be write in fraction as 5(5/11) %. Give a solution for me.
Justin faizan ali said:
1 decade ago
To which price we can multiply percentage %[cost price or sell price] please clear my concept.
Swapnil said:
1 decade ago
Which one is correct? either 25% or 50%? we have to calculate profit on cost price, isn't it?
Nirmala Reddy said:
1 decade ago
Correct Answer is 25%.
Item Cost price is + Maintenance price we will consider as cost price.
Item Cost price is + Maintenance price we will consider as cost price.
Prateek said:
4 years ago
CP x 20 = X x SP.
20 x CP = X x 1.25 x CP (As profit is 25%, so SP = 1.25 x CP),
So, X = 16.
20 x CP = X x 1.25 x CP (As profit is 25%, so SP = 1.25 x CP),
So, X = 16.
(2)
PREETHI said:
1 month ago
Cp = 4700 + 800 = 5500.
Sp = 5800.
Gain %= (300÷5500) × 100,
= 60/55,
= 5 5/11.
Sp = 5800.
Gain %= (300÷5500) × 100,
= 60/55,
= 5 5/11.
(3)
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