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 3 of 15.
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%
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
Saran said:
1 decade ago
How is selling price is 420. ?
Danish.jamia said:
1 decade ago
You have taken wrong formula, the correct form is (profit*100) /cp.
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.
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?
Radha said:
1 decade ago
Very niceexplanation malini.
Mittalvarun2011 said:
1 decade ago
Thanks Nitesh and malini for such a nice explanation.
Merlin said:
1 decade ago
Why we are taking cp as 100?
In what cases we should assume in that way.
2. Why cannt we take that as x as in above sums.
In what cases we should assume in that way.
2. Why cannt we take that as x as in above sums.
Sagar khurd said:
1 decade ago
25% cp is 1250 how that value get.
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