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 2 of 15.
Mahee said:
2 years ago
@All.
Here they took SP in the denominator because in the question they asked "what percentage of SP is the profit".
Correct me, if I'm wrong.
Here they took SP in the denominator because in the question they asked "what percentage of SP is the profit".
Correct me, if I'm wrong.
(24)
Gamal said:
2 years ago
Profit % = (s.p - c.p )*100/c.p.
say c.p = 100 Re.
Therefore s.p=420 Re
The cost inc by 25% = 125 Re,
s.p = 420 Re.
The profit it requires percent of the selling price = (420-125/420)*100 = 70%.
say c.p = 100 Re.
Therefore s.p=420 Re
The cost inc by 25% = 125 Re,
s.p = 420 Re.
The profit it requires percent of the selling price = (420-125/420)*100 = 70%.
(14)
Narmadha said:
2 years ago
While calculating profit%, we should have to take CP in the denominator right? why they took SP?
Anyone, please explain it.
Anyone, please explain it.
(37)
Anil said:
3 years ago
We always calculate with cost price, we can't take profit percentage on selling price,then how could you take s.p over c.p?
Please explain me.
Please explain me.
(46)
Kshitiz Vaya said:
3 years ago
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 = (Profit/Cost Price) * 100 = Rs. (295/125)*100 = 236%
Ans = 250% (approximately).
New C.P. = 125% of Rs. 100 = Rs. 125.
New S.P. = Rs. 420.
Profit = Rs. (420 - 125) = Rs. 295.
Required percentage = (Profit/Cost Price) * 100 = Rs. (295/125)*100 = 236%
Ans = 250% (approximately).
(73)
Bhupal said:
3 years ago
Let Cp = 100.
Gain = 320
SP = 420
Now;
Gain% = Gain ÷ sp * 100.
= 420-125/420 * 100.
= 295/420 * 100
= 29500 ÷ 420
= 70%.
Gain = 320
SP = 420
Now;
Gain% = Gain ÷ sp * 100.
= 420-125/420 * 100.
= 295/420 * 100
= 29500 ÷ 420
= 70%.
(10)
Manasa said:
3 years ago
How they have get 21%? Please explain me.
(3)
Helix said:
3 years ago
I can't understand this. Anyone, help me to get this.
(5)
Omare Oréna said:
3 years ago
(Gain/C.P)*100 = 320.
Taking C.P as 'x' & S.P as 'y',
We can get S.P as a function of C.P:
(y-x)/x = 320/100.
y=4.2x.
Gain as a percentage of S.P when only C.P increases by 25%:
New C.P = x + 25x/100.
= 1.25x.
S.P = y = 4.2x i.e unchanged.
(S.P - C.P)*100/S.P = (4.2x - 1.25x)*100/4.2x.
= 70%.
Taking C.P as 'x' & S.P as 'y',
We can get S.P as a function of C.P:
(y-x)/x = 320/100.
y=4.2x.
Gain as a percentage of S.P when only C.P increases by 25%:
New C.P = x + 25x/100.
= 1.25x.
S.P = y = 4.2x i.e unchanged.
(S.P - C.P)*100/S.P = (4.2x - 1.25x)*100/4.2x.
= 70%.
(6)
Sunil bhandari said:
4 years ago
Thank you all for explaining the answer.
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