Aptitude - Profit and Loss - Discussion
Discussion Forum : Profit and Loss - General Questions (Q.No. 4)
4.
In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
Answer: Option
Explanation:
Let C.P.= Rs. 100. Then, Profit = Rs. 320, S.P. = Rs. 420.
New C.P. = 125% of Rs. 100 = Rs. 125
New S.P. = Rs. 420.
Profit = Rs. (420 - 125) = Rs. 295.
 Required percentage = |
 |
295 | x 100 |  % |
= | 1475 | % = 70% (approximately). |
| 420 | 21 |
Video Explanation: https://youtu.be/bQA8SB8ycbw
Discussion:
146 comments Page 1 of 15.
Vinoth said:
2 decades ago
Profit% = (Gain*100)/CP right.
But in the above problem SP has been substituted instead of CP?
But in the above problem SP has been substituted instead of CP?
Sundar said:
2 decades ago
Hi Vinoth,
Please read the question very carefully.
What percentage of the selling price is the profit?
That's why here SP is substituted.
Have a nice day!
Please read the question very carefully.
What percentage of the selling price is the profit?
That's why here SP is substituted.
Have a nice day!
(1)
Vaishali said:
2 decades ago
Same problem that profit=gain*100/cp, but how can we change formula.
I think first we have to calculate the profit% then should find what % of P it is na?
I think first we have to calculate the profit% then should find what % of P it is na?
Anshuma Chugh said:
2 decades ago
Maths is so complicated, Is not so, needs so much practice.
Selvam said:
1 decade ago
Hai friend I can't unterstand your concept please explain one more time.
Kavi said:
1 decade ago
Somebody please explain me the question clearly.
Nitesh said:
1 decade ago
Let CP=1000
profit=320%
But profit = SP-CP;
320 = SP-1000
SP=1320;
Now given that CP is increased by 25 %
then CP becomes 1250 and SP is constant
hence
Profit = SP- CP
profit = 1320-1250=70
therefore answer is 70
profit=320%
But profit = SP-CP;
320 = SP-1000
SP=1320;
Now given that CP is increased by 25 %
then CP becomes 1250 and SP is constant
hence
Profit = SP- CP
profit = 1320-1250=70
therefore answer is 70
(2)
Vivek said:
1 decade ago
You can assume 100 or x becoz for simplicity.
Mahboob alam said:
1 decade ago
How can we assume the value of C.P. is 100. If the value of C.P. is not given ?
Can we take the value of CP is x?
Can we take the value of CP is x?
Deepak said:
1 decade ago
I cant understand method of this question please explain in simple format.
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