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:
148 comments Page 11 of 15.
Nitu said:
1 decade ago
I can't understand the solution.
Adeesh dhiman said:
1 decade ago
Why did put in the question p = gain/sp*100?
Siva krishna said:
1 decade ago
Guys give some more examples on profit and loss so that we can practice and understand too fast instead of this much confusion.
Mahi said:
1 decade ago
We have calculated Profit and SP in first case but why to take 125% for new CP, Although CP is 25%?
Priya.D said:
1 decade ago
How did you assume C.P value?
Sanket wankhede said:
10 years ago
How did 420 came into existence?
Vijay said:
10 years ago
Hello @Vindo,
He finding percentage, not profit percent.
He finding percentage, not profit percent.
Supriya said:
10 years ago
How to calculate 1475/21?
How did 70% come? Please explain?
How did 70% come? Please explain?
Vinay said:
10 years ago
Good question @Supriya.
Sakharam said:
10 years ago
In solution see Initially CP is 100 and SP is 420, so Profit is 320%.
Now CP is 125 and SP is 420, so Profit should be 420 - 125 = 295 means 236% should be the correct answer.
Now CP is 125 and SP is 420, so Profit should be 420 - 125 = 295 means 236% should be the correct answer.
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