Aptitude - Profit and Loss - Discussion

Discussion Forum : Profit and Loss - General Questions (Q.No. 8)
8.
A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?
Rs. 1090
Rs. 1160
Rs. 1190
Rs. 1202
Answer: Option
Explanation:

S.P. = 85% of Rs. 1400 = Rs. 85 x 1400 = Rs. 1190
100

Video Explanation: https://youtu.be/jn0XIafQvAc

Discussion:
49 comments Page 3 of 5.

MGNVPrasad said:   9 years ago
C.p = 1400.
Loss = 15%.
C.p/100 = S.p/85.
[C.p cycle taken as 100% in that 15% loss by selling is 85]. 1400/100 = s.p/85.
S.p = 14 * 85 = 1190.

Beeru said:   9 years ago
100 to 15 then 1400 : ?

100 (1400 15) :?

1400 * 15/100 = 210.

So, here 1400 to 210 loss.

Then, minus 210 from 1400, that's answer.
1400 - 210 = 1190.

I hope you all understand 1190.

Shudhu said:   9 years ago
In some place we assume loss as 15/100 in place of loss percentage but in some place we just keep it as 15 itself.

What is the actual criteria could anyone clear my doubt?

Kas said:   10 years ago
It's easy.

CP = 1400.

10% = 140.

5% = 70.

15% = 140+ 70 = 210.

Now use formula:

Gain = Sp - Cp.

= 1400 - 210.

= 1190.

Leitanba said:   10 years ago
Its very simple.

14*15 = 210.

1400-210 = 1910.

Deep said:   1 decade ago
we do know that loss% = loss/CP*100 putting the values here we can get SP as 1402.1?

Shiri said:   1 decade ago
Given C.P=Rs 1400
and Loss % = 15%

we have to find out S.P
we know that S.P=(100-loss%)/100*C.P

Therefore S.P = (100-15)/100*1400
=85/100*1400
S.P=Rs1190

Keshav said:   1 decade ago
Using loss%=[loss*100/c.p.] find loss valve
after that use formula loss= c.p.-s.p.
you will get the answer.

Chandra Shekar said:   1 decade ago
Easy solution Man

C.P =1400
Loss% 15%
C.P*loss%
1400*15%=210
1400-210= 1190

NEHRU said:   1 decade ago
C.P=1400
LOSS%=15%
S.P=(100-loss%)/100*C.P
Therefore S.P = (100-15)/100*1400
=85/100*1400
S.P=Rs1190


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