IndiaBIX

Aptitude - Profit and Loss - Discussion

Discussion Forum : Profit and Loss - General Questions (Q.No. 4)
Profit and Loss
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?
30%
70%
100%
250%
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 15 of 15.
Jaat tomar said:   1 year ago
Good, Thanks.
(2)
Aswini panguluri said:   11 months ago
Formula for profit percertage is (sp-cp) /cp * 100.
Then I think the answer is 250%.
(18)
Victoria meesala said:   11 months ago
If we use the cost price (CP) in the denominator, we would be calculating profit as a percentage of cost. So we used the selling price in the denominator.

Am I right?
(13)
PRANJAL KUMAR said:   9 months ago
@All.

Here the question is asked that;.
What percentage of the selling price is the profit? NOT PERCENTAGE PROFIT.

Please note it and solve...
(21)
Kalyani said:   5 months ago
Let us assume c.p = 100,
p=320% of c.p = 320,
s.p = 100+320 = 420,
CP increase at 25% the c.p = 125,
p = 420 - 125 = 295,
p% = (295/420) * 100 =>70%.
(4)
SAYAK SEN said:   3 months ago
cp = 100,
profit = 320%,
sp = 420,
new cp = 125,
sp = 420.
Let the selling % = x.
(x/100)*420 = 320,
x = 16/21 *100.
Selling % = 70% (approx).
(4)
Post your comments here:

Your comments will be displayed after verification.

Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers