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 14 of 15.
Harika said:
6 years ago
Good explanation, Thank you. @Malini.
Bala said:
6 years ago
I didn't understand. How can you fix C.P value 100? Please tell me.
Mongam said:
6 years ago
I am not understanding. Please, anyone, help me.
Dnayak said:
6 years ago
Yes, it is 236.
Disha said:
6 years ago
How come 1475/21 = 70%?
Vaishnavi said:
6 years ago
Assume:
C. P=x.
S. P=2x.
Profit=3x.
Now,
Profit = ( sp-cp).
= 2x-x = x.
Now.
Profit% = cp/profit * 200.
=x\x * 100= 100.
C. P=x.
S. P=2x.
Profit=3x.
Now,
Profit = ( sp-cp).
= 2x-x = x.
Now.
Profit% = cp/profit * 200.
=x\x * 100= 100.
Avinash reddy said:
6 years ago
Thanks for giving the solution @Anjali K.
Sourav said:
6 years ago
%p = {(sp-cp)/cp} * 100.
Jigyasu Singh said:
6 years ago
As we all know, %p = {(sp-cp)/cp} * 100.
But here it is given that, what percentage of the selling price is the profit?
So the proffit percent is calculated in terms of s.p.
But here it is given that, what percentage of the selling price is the profit?
So the proffit percent is calculated in terms of s.p.
Dnyan said:
6 years ago
%gain = P/cpx100 then why here instead of cp, sp is used? Please tell me.
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