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 13 of 15.
Mittalvarun2011 said:
1 decade ago
Thanks Nitesh and malini for such a nice explanation.
Radha said:
1 decade ago
Very niceexplanation malini.
Asit said:
1 decade ago
@kishan chand your thought is absolutely correct, but the question is about percentage of only selling price, you are calculate it from the cost price. Now you understand or not?
Kishan chand said:
1 decade ago
The correct answer is 240%.
Thats because,
If you are buying of Rs. 125.
And solding it of Rs 425.
Now you calculate the percentage of profit.
Thats because,
If you are buying of Rs. 125.
And solding it of Rs 425.
Now you calculate the percentage of profit.
Danish.jamia said:
1 decade ago
You have taken wrong formula, the correct form is (profit*100) /cp.
Saran said:
1 decade ago
How is selling price is 420. ?
Rohini said:
1 decade ago
We don't have any formula p% = p/sp*100
We have sp = (100+p%)*cp/100
We have sp = (100+p%)*cp/100
Eshan said:
1 decade ago
In last formula %profit=(CP*100)/profit
according to it ans is A.30%
according to it ans is A.30%
Balavignesh said:
1 decade ago
Profit=selling price-cost price
But profit is given in percentage and i thought that as profit percentage.
But we use it like profit i.e. Rs.320. How is this possible?
But profit is given in percentage and i thought that as profit percentage.
But we use it like profit i.e. Rs.320. How is this possible?
Hari haran said:
1 decade ago
What percentage of the selling price is the profit?
In maths formula is a basic, but we have to understand it in different views. Then we make it up easy. Sundar is correct.
In maths formula is a basic, but we have to understand it in different views. Then we make it up easy. Sundar is correct.
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