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.
Manasa said:
3 years ago
How they have get 21%? Please explain me.
(3)
Nitesh said:
1 decade ago
Let CP=1000
profit=320%
But profit = SP-CP;
320 = SP-1000
SP=1320;
Now given that CP is increased by 25 %
then CP becomes 1250 and SP is constant
hence
Profit = SP- CP
profit = 1320-1250=70
therefore answer is 70
profit=320%
But profit = SP-CP;
320 = SP-1000
SP=1320;
Now given that CP is increased by 25 %
then CP becomes 1250 and SP is constant
hence
Profit = SP- CP
profit = 1320-1250=70
therefore answer is 70
(2)
Jaat tomar said:
1 year ago
Good, Thanks.
(2)
Sundar said:
2 decades ago
Hi Vinoth,
Please read the question very carefully.
What percentage of the selling price is the profit?
That's why here SP is substituted.
Have a nice day!
Please read the question very carefully.
What percentage of the selling price is the profit?
That's why here SP is substituted.
Have a nice day!
(1)
Vaibhav Pund said:
8 years ago
It's so simple.
Assume CP=100.
Then SP=320% of CP=(100*320)/100=320+100=420.
CP increased by 25%=100*25%=(100*25)/100=25+100=125,
Profit=SP-CP=420-125=295.
Profit %=( gain/CP)*100.
But we have to find profit% with SP.
So,
Profit %=(295/420)*100=70%.
Assume CP=100.
Then SP=320% of CP=(100*320)/100=320+100=420.
CP increased by 25%=100*25%=(100*25)/100=25+100=125,
Profit=SP-CP=420-125=295.
Profit %=( gain/CP)*100.
But we have to find profit% with SP.
So,
Profit %=(295/420)*100=70%.
(1)
Deepak said:
8 years ago
Hello,
The % profit =(profit/cp)*100.
But here the % profit =(profit/sp)*100.
The % profit =(profit/cp)*100.
But here the % profit =(profit/sp)*100.
(1)
Charulatha said:
8 years ago
The profit%=(sp-cp)/cp*100.
Then how we take as profit%=(sp-cp)/sp*100.
Then how we take as profit%=(sp-cp)/sp*100.
(1)
Vinoth said:
2 decades ago
Profit% = (Gain*100)/CP right.
But in the above problem SP has been substituted instead of CP?
But in the above problem SP has been substituted instead of CP?
Vaishali said:
2 decades ago
Same problem that profit=gain*100/cp, but how can we change formula.
I think first we have to calculate the profit% then should find what % of P it is na?
I think first we have to calculate the profit% then should find what % of P it is na?
Anshuma Chugh said:
2 decades ago
Maths is so complicated, Is not so, needs so much practice.
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