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 5 of 15.
Vaishnavi shikha said:
7 years ago
Sp= cp + profit.
So, 100+320=420.
So, 100+320=420.
Ankit Yadav said:
7 years ago
How they can use 420 it is SP?
Explain me in detail.
Explain me in detail.
Gaurav said:
7 years ago
P=SP - Cp.
3200 = x - 1000,
x = 2200.
Now,
3200=x-1250,
X=1950,
1950/1250*100= 70% approx.
3200 = x - 1000,
x = 2200.
Now,
3200=x-1250,
X=1950,
1950/1250*100= 70% approx.
Alka Raikwal said:
8 years ago
Very good explanation, Thanks @Malini.
Akash said:
8 years ago
@Harika.
Let's say cost price = 100.
Profit =320% of cost price (given)
So %profit= (profit/cost price)*100.
320=(x/100)*100.
X = 320.
Let's say cost price = 100.
Profit =320% of cost price (given)
So %profit= (profit/cost price)*100.
320=(x/100)*100.
X = 320.
Harika said:
8 years ago
Here given in that question is profit is 320% of the cost, right?
Then why you guys taking is as 320 rupees. Can you please anyone can tell me the answer to my question?
Then why you guys taking is as 320 rupees. Can you please anyone can tell me the answer to my question?
Sushanta said:
8 years ago
I think profit is 320% of the cost then why you guys taking profit is 320 rupees. Then what rupees is cost?
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)
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)
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)
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