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:
147 comments Page 4 of 15.
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.
Sourav said:
6 years ago
%p = {(sp-cp)/cp} * 100.
Avinash reddy said:
6 years ago
Thanks for giving the solution @Anjali K.
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.
Disha said:
6 years ago
How come 1475/21 = 70%?
Dnayak said:
6 years ago
Yes, it is 236.
Mongam said:
7 years ago
I am not understanding. Please, anyone, help me.
Bala said:
7 years ago
I didn't understand. How can you fix C.P value 100? Please tell me.
Harika said:
7 years ago
Good explanation, Thank you. @Malini.
Anjali K said:
7 years ago
@ALL.
According to me, the solution is;
p = (320/100)*cp----> from 1st sentence.
p = 3.2cp.
sp = 3.2cp+cp(form p=sp-cp).
sp = 4.2cp.
New cp:
cp = cp+(25% of cp).
cp = cp+2.5cp = 3.5cp.
p = sp-cp=.4.2cp-3.5cp ===>0.7cp = 70%.
According to me, the solution is;
p = (320/100)*cp----> from 1st sentence.
p = 3.2cp.
sp = 3.2cp+cp(form p=sp-cp).
sp = 4.2cp.
New cp:
cp = cp+(25% of cp).
cp = cp+2.5cp = 3.5cp.
p = sp-cp=.4.2cp-3.5cp ===>0.7cp = 70%.
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