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:
83 comments Page 7 of 9.
Prashant said:
1 decade ago
Snehal the answer suggested by jegadeesh. Is absolutely easy to understand. And the explanation suggested by them is not proper. !
K.RajeshReddy said:
1 decade ago
The formula for to find gain percentage is
Here 85 is to loss of 15% and
115 is to gain of 15% So, totally 85:18700=115:?
Here 85 is to loss of 15% and
115 is to gain of 15% So, totally 85:18700=115:?
Sunil said:
2 decades ago
The formula used for this solution is:-
Selling price at a 15% loss is 18700, .i.e, for 100 rupees of investment we got only 85 rupees.
Same way to get a profit of 15% .i.e, for 100 rupees we have to get 115 rupees.
So, 85 rupees at 15% loss(100-15=85)=C.p 18700
So, 115 rupees at 15% gain (100+15=115)= C.p ?
85=18700
115=?
? = ( 18700*115 )/85 = 220*115 = 25300
S.p= 25300 with the gain of 15%.
Selling price at a 15% loss is 18700, .i.e, for 100 rupees of investment we got only 85 rupees.
Same way to get a profit of 15% .i.e, for 100 rupees we have to get 115 rupees.
So, 85 rupees at 15% loss(100-15=85)=C.p 18700
So, 115 rupees at 15% gain (100+15=115)= C.p ?
85=18700
115=?
? = ( 18700*115 )/85 = 220*115 = 25300
S.p= 25300 with the gain of 15%.
Suruchi said:
2 decades ago
How will you get the equation 85:18700=115:x. And how you get the answer? Please explain.
Sajeev said:
1 decade ago
He is given 15% loss.
So 85% is equal to 18700.
= 0.85 = 18700.
= 0.15 = X.
Cross multiplication.
Therefore X = 3300.
= 18700+3300 = 22000.
For 15% profit.
22000*1.15 = 25300.
So 85% is equal to 18700.
= 0.85 = 18700.
= 0.15 = X.
Cross multiplication.
Therefore X = 3300.
= 18700+3300 = 22000.
For 15% profit.
22000*1.15 = 25300.
Jobs said:
9 years ago
15% loss means > sp is 85% of cp.
ie cp * 0.85 = 18700.
cp = 22000.
For 15% profit > sp =(1 + 0.15) * cp.
sp = 25300.
ie cp * 0.85 = 18700.
cp = 22000.
For 15% profit > sp =(1 + 0.15) * cp.
sp = 25300.
Adesh Anbasti said:
9 years ago
@Juhi's answer was a very simple way to solve the problem.
Cgyel said:
9 years ago
The logic behind here is,
SP = 18700.
Loss=15%.
CP= (100/ 100 - 15) * 18700.
= 22000.
Loss = CP - SP.
2200 - 18700.
= 3300.
If he wants to sell for the profit for 15%.
Then 3300 * 2 = 6600.
There fore 18700 + 6600 = 25300.
SP = 18700.
Loss=15%.
CP= (100/ 100 - 15) * 18700.
= 22000.
Loss = CP - SP.
2200 - 18700.
= 3300.
If he wants to sell for the profit for 15%.
Then 3300 * 2 = 6600.
There fore 18700 + 6600 = 25300.
Lil druk said:
9 years ago
Old (Loss)
Selling Price = 18700.
Loss = 15%.
Cost Price = (100/(100-15)) * 18700)// use Cost Price Formula.
= (100/85) * 18700.
= 22000 // Note : C.P remains same through out business
New ( Gain)
Cost Price = 22000// Retrieve C.P from above as C.P remains same no matter what,
Gain = 15 %.
Selling Price = ((100 + 15)/100) * 22000 // use S.P formula.
= (115/100) * 22000.
= Rs. 25300.
New selling price to gain 15% profit is Rs. 25300.
Selling Price = 18700.
Loss = 15%.
Cost Price = (100/(100-15)) * 18700)// use Cost Price Formula.
= (100/85) * 18700.
= 22000 // Note : C.P remains same through out business
New ( Gain)
Cost Price = 22000// Retrieve C.P from above as C.P remains same no matter what,
Gain = 15 %.
Selling Price = ((100 + 15)/100) * 22000 // use S.P formula.
= (115/100) * 22000.
= Rs. 25300.
New selling price to gain 15% profit is Rs. 25300.
Shakil said:
9 years ago
By using the formula:
C.P = 100/85 * 18700 = 22000.
S.P = 115/100 * 22000 = 25300.
C.P = 100/85 * 18700 = 22000.
S.P = 115/100 * 22000 = 25300.
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers