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:
147 comments Page 11 of 15.
Chandranaik.m said:
1 decade ago
Please sir give me Answer. How we get 420 in denominator?
Actual formula for gain = (gain*100/CP).
Actual formula for gain = (gain*100/CP).
Vikash kumar said:
1 decade ago
But here it is specifically asked for sp (read the question).
Anurag said:
1 decade ago
@payal its not the profit percentage formula.
The required percentage asked is "what percentage of selling price is the profit".
So, (profit/S. P) *100 is the required percentage.
The required percentage asked is "what percentage of selling price is the profit".
So, (profit/S. P) *100 is the required percentage.
Anurag said:
1 decade ago
@Payal.
Question itself is asking 'What percentage of selling price is the profit'.
Question itself is asking 'What percentage of selling price is the profit'.
Payal sharma said:
1 decade ago
I understood everything but. Why you have taken S.P instead of C.P in the formula of profit percentage. And if its a theorem or formula so exactly where-2 we need to use this method.
Jitesh Kumar said:
1 decade ago
@Nitesh.
Your answer is wrong.
25% of 1000 is 1250(right).
& 320% of 1000 is 1320(how?).
32% of 1000 is 1320.
320% of 1000 is 3200.
So,
Let C.P = 1000.
profit = 320%.
But profit = S.P - C.P;
than S.P = 1000+3200.
= 4200.
Now given that C.P is increased by 25 %.
Then C.P becomes 1250 and S.P is constant.
Hence,
= (4200-1250)/4200*100.
= 70.23.
But if you make C.P is 100 than it will be easy.
Your answer is wrong.
25% of 1000 is 1250(right).
& 320% of 1000 is 1320(how?).
32% of 1000 is 1320.
320% of 1000 is 3200.
So,
Let C.P = 1000.
profit = 320%.
But profit = S.P - C.P;
than S.P = 1000+3200.
= 4200.
Now given that C.P is increased by 25 %.
Then C.P becomes 1250 and S.P is constant.
Hence,
= (4200-1250)/4200*100.
= 70.23.
But if you make C.P is 100 than it will be easy.
Ram said:
1 decade ago
If question asking to Profit % on SP then Formula should be used -
Gain % = profit*100/SP.
If question asking to Profit % on CP then Formula should be used -
Gain % = profit*100/CP.
Gain % = profit*100/SP.
If question asking to Profit % on CP then Formula should be used -
Gain % = profit*100/CP.
Priti said:
1 decade ago
There is some confusion for profit% formula. Please give me answer ?
ANGELIN ALFRED said:
1 decade ago
Here, profit % is calculated on SP i.e. 420.
But, it should be calculated on CP i.e. 100.
But, it should be calculated on CP i.e. 100.
Pretty said:
1 decade ago
So the conclusion is that we can assume any value for cp if not mentioned?
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers