Aptitude - Profit and Loss - Discussion
Discussion Forum : Profit and Loss - General Questions (Q.No. 12)
12.
When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?
Answer: Option
Explanation:
85 : 18700 = 115 : x
 x = |
 |
18700 x 115 |  |
= 25300. |
| 85 |
Hence, S.P. = Rs. 25,300.
Discussion:
84 comments Page 3 of 9.
Vruddhi Dinesh said:
2 months ago
@All
Use this formula:-
New SP = Old SP × (100 + gain% /100 − loss%).
= 18700 × (115/85).
= 25300.
Use this formula:-
New SP = Old SP × (100 + gain% /100 − loss%).
= 18700 × (115/85).
= 25300.
(1)
Atul verma said:
6 years ago
sp = cp*mf.
Here sp = 18700 and mf(multiplying factor) if loss is 15% = 1-0.15 = 0.85.
Hence cp = sp/mf.
cp = 18700/0.85 = 22000.
Again if he wants gain of 15% then sp will be sp = cp*mf.
mf here in case of gain will be 1+0.15 = 1.15.
hence sp will be = cp*1.15.
CP, as calculated, is 22000.
SP = 22000*1.15 = 25300.
Here sp = 18700 and mf(multiplying factor) if loss is 15% = 1-0.15 = 0.85.
Hence cp = sp/mf.
cp = 18700/0.85 = 22000.
Again if he wants gain of 15% then sp will be sp = cp*mf.
mf here in case of gain will be 1+0.15 = 1.15.
hence sp will be = cp*1.15.
CP, as calculated, is 22000.
SP = 22000*1.15 = 25300.
(1)
Neeraja said:
6 years ago
Thanks @Sunil.
(1)
J.sabarish said:
5 years ago
Agree @M. V. Krishna/Palvancha :
That is cp=21505. But after getting it, if you check for sp (rs. 18700) with it, we can't get the answer (rs. 18700).
Sp=85% of 21505=18, 280 (which proves that it is wrong).
Anyone clear this.
That is cp=21505. But after getting it, if you check for sp (rs. 18700) with it, we can't get the answer (rs. 18700).
Sp=85% of 21505=18, 280 (which proves that it is wrong).
Anyone clear this.
(1)
Shafiq said:
2 decades ago
When you are calculating 1percent of 18700, you have divided 18700 with 85. But 85 is 85%. Please explain it.
(1)
Snehal said:
2 decades ago
How you hav done 85:18700=115:? please tell me.
(1)
Jitu said:
8 years ago
Simple: 18700 at 15% loss means this is 85% of amount so,
18700/X*100=85,
hence 18700*100=85X,
x=1870000/85=22000,
22000 * 1.15 = 25300(1.15 is 15% profit).
18700/X*100=85,
hence 18700*100=85X,
x=1870000/85=22000,
22000 * 1.15 = 25300(1.15 is 15% profit).
Umesh saini said:
9 years ago
CP = 100/100-15 * 18700 = 22,000.
SP = 15 + 100/100 * 22,000 = 25300.
SP = 15 + 100/100 * 22,000 = 25300.
Mukesh.gusai said:
9 years ago
Thanks.
Adesh Anbasti said:
10 years ago
@Juhi's answer was a very simple way to solve the problem.
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