Aptitude - Profit and Loss - Discussion

Friends,

We know p(profit)= s.p - c.p,

let s.p = y, c.p = x, hence p = y - x (profit = s.p - c.p)--------> (1)

Now according to question when sp gets doubled ie (2y) profit triples so, the formula p = s.p - c.p now becomes 3*p = 2*y - x.

Next step is substituting p = y - x in above equation we get,

3(y-x) = 2*y-x.
3y-3x = 2y-x.
or y = 2x.

Now substitute the value of y in eqn (1),

p = y-x.
p = 2x-x.
p = x.

Now Profit%=(profit/cp)*100.

i.e. Profit% =(x/x) * 100.

Profit% = 1*100.

or 100%.

PROFIT (P) = Selling Price(S) - Cost Price(C).

Simply P = S-C -------->(1).

As per the question.

3P = 2S-C.

3(S -C ) = 2S- C -------> from EQ 1.

S = 2C --------> by Simplifying.

Now P%= ((S-C)/C ) *100.

= ((2C-C)/C)*100 = 100.

3(y - x) = (2y - x) y = 2x.

Up to this equation, it is fine.

But next when we calculate profit. we are using profit = y-x.

Here we take the older value of our selling price that is y.

But why don't we take the new value of our selling price that is 2y.

Like suppose originally our cp = 100, sp = 200, profit = 100.

Now cp = 100, sp = 400, profit = 300.

( that is sp double, profit triple)

So now, profit % is (sp-cp)/cp*100.

=(400-100)/100*100.

=300%.

Is it now correct or ans is 100%.

If selling price is doubled, the profit triples. Find the profit percent.
Solve:

Here Take it as Ratio method.

Consider to 3:2.

Her Profit = 3.
Selling Price = 2.

3-2 = 1.
1 * 100 = 100.

Let C.P = 100.

Than S.P = 2X100 = 200.

and,

Profit = (SP-CP) = 200-100.

Profit = 100.

Now Profit% = 100X100/100 = 100% Ans, Option (B).

Hey guys. We can also do like that.

Let the S.P = 100.

Then according to the question.

PROFIT = SP - CP that is,

300 = 200 - x.

x = 100.

Simple one.

Profit = C.P - S.P.
Example : C.P = X.

If selling price is doubled So S.P = 2X.

= X-2X = X.
C.P = X, S.P = X.

Profit Percentage = gain x 100 / C.P.

= X x 100 / X = 100%.

Let say C.P = X,
Then, S.P = Y, (Consider Y value is double the X, so can write as Y=2X).

As per the question profit = 3X,(you can just use this value for validation).

So the profit = S.P - C.P = Y-X.

Profit percentage = Y-X / X * 100.
= 2X-X / X * 100 = 100% .

(here the Y value has been substituted)

Now, you can validate the answer.

3X =100
So X = 100/3
= 33.3 ( X= C.P = 33.3 ).

Y(S.P) = 2X = 2 * 33.3
= 66.6 (double the C.P).

Let the C.P. = X
then S.P. = 2X
So profit = 2X-X = X

And profit % = X/X*100
=100 :).

There is extra line of "profit triples", but it is of no use. :D

If new profit is 2y-x, how come 2y-x(profit)=3(y-x), which is 3 times profit. But how come PROFIT=PROFIT? It should be double the SP, triples profit. How come 2y-x=3(y-x) ? it will be 2y=3(y-x)? please help. I am not getting the logic.