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 13 of 15.
Sandeep singh sandhu said:
9 years ago
@Girija.
SP = 1.25CP FOR 25%PROFIT.
(SP -200) = 1.3(CP-200) FOR 25% MORE PROFIT.
SP-200 = 1.3CP-260.
60 - 1.3CP - 1.25CP.
60 = 0.05CP.
CP = 60/0.05.
CP = 6000/5.
CP = 1200.
SP = 1.25CP FOR 25%PROFIT.
(SP -200) = 1.3(CP-200) FOR 25% MORE PROFIT.
SP-200 = 1.3CP-260.
60 - 1.3CP - 1.25CP.
60 = 0.05CP.
CP = 60/0.05.
CP = 6000/5.
CP = 1200.
Suresh said:
8 years ago
Yes, the cost price must be 100, let me clarify.
Profit % =320 ,how the profit is 320 because,
Profit % =profit *100/ CP ----(1).
, if CP is 100,
equation (1) becomes,
320=profit *100/100 and
then 320 = profit so the given answers is correct.
Profit % =320 ,how the profit is 320 because,
Profit % =profit *100/ CP ----(1).
, if CP is 100,
equation (1) becomes,
320=profit *100/100 and
then 320 = profit so the given answers is correct.
Sushanta said:
8 years ago
I think profit is 320% of the cost then why you guys taking profit is 320 rupees. Then what rupees is cost?
Harika said:
8 years ago
Here given in that question is profit is 320% of the cost, right?
Then why you guys taking is as 320 rupees. Can you please anyone can tell me the answer to my question?
Then why you guys taking is as 320 rupees. Can you please anyone can tell me the answer to my question?
Akash said:
8 years ago
@Harika.
Let's say cost price = 100.
Profit =320% of cost price (given)
So %profit= (profit/cost price)*100.
320=(x/100)*100.
X = 320.
Let's say cost price = 100.
Profit =320% of cost price (given)
So %profit= (profit/cost price)*100.
320=(x/100)*100.
X = 320.
Alka Raikwal said:
8 years ago
Very good explanation, Thanks @Malini.
Gaurav said:
7 years ago
P=SP - Cp.
3200 = x - 1000,
x = 2200.
Now,
3200=x-1250,
X=1950,
1950/1250*100= 70% approx.
3200 = x - 1000,
x = 2200.
Now,
3200=x-1250,
X=1950,
1950/1250*100= 70% approx.
Ankit Yadav said:
7 years ago
How they can use 420 it is SP?
Explain me in detail.
Explain me in detail.
Vaishnavi shikha said:
7 years ago
Sp= cp + profit.
So, 100+320=420.
So, 100+320=420.
Varun said:
7 years ago
Can anybody explain why we take 420 in denominator we always take CP in the denominator?
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers