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.
Ram said:
1 decade ago
If question asking to Profit % on SP then Formula should be used -
Gain % = profit*100/SP.
If question asking to Profit % on CP then Formula should be used -
Gain % = profit*100/CP.
Gain % = profit*100/SP.
If question asking to Profit % on CP then Formula should be used -
Gain % = profit*100/CP.
Jitesh Kumar said:
1 decade ago
@Nitesh.
Your answer is wrong.
25% of 1000 is 1250(right).
& 320% of 1000 is 1320(how?).
32% of 1000 is 1320.
320% of 1000 is 3200.
So,
Let C.P = 1000.
profit = 320%.
But profit = S.P - C.P;
than S.P = 1000+3200.
= 4200.
Now given that C.P is increased by 25 %.
Then C.P becomes 1250 and S.P is constant.
Hence,
= (4200-1250)/4200*100.
= 70.23.
But if you make C.P is 100 than it will be easy.
Your answer is wrong.
25% of 1000 is 1250(right).
& 320% of 1000 is 1320(how?).
32% of 1000 is 1320.
320% of 1000 is 3200.
So,
Let C.P = 1000.
profit = 320%.
But profit = S.P - C.P;
than S.P = 1000+3200.
= 4200.
Now given that C.P is increased by 25 %.
Then C.P becomes 1250 and S.P is constant.
Hence,
= (4200-1250)/4200*100.
= 70.23.
But if you make C.P is 100 than it will be easy.
Payal sharma said:
1 decade ago
I understood everything but. Why you have taken S.P instead of C.P in the formula of profit percentage. And if its a theorem or formula so exactly where-2 we need to use this method.
Anurag said:
1 decade ago
@Payal.
Question itself is asking 'What percentage of selling price is the profit'.
Question itself is asking 'What percentage of selling price is the profit'.
Anurag said:
1 decade ago
@payal its not the profit percentage formula.
The required percentage asked is "what percentage of selling price is the profit".
So, (profit/S. P) *100 is the required percentage.
The required percentage asked is "what percentage of selling price is the profit".
So, (profit/S. P) *100 is the required percentage.
Vikash kumar said:
1 decade ago
But here it is specifically asked for sp (read the question).
Chandranaik.m said:
1 decade ago
Please sir give me Answer. How we get 420 in denominator?
Actual formula for gain = (gain*100/CP).
Actual formula for gain = (gain*100/CP).
Jebestin said:
1 decade ago
Hi @Chandranaik.
Read the question it is given, what percentage of the selling price is the profit?
So they are calculating like:
x% of 295 =420;
x=(295/420)*100;
Read the question it is given, what percentage of the selling price is the profit?
So they are calculating like:
x% of 295 =420;
x=(295/420)*100;
Varun said:
1 decade ago
thax guys for explain clearly
Nza said:
1 decade ago
Yes what you did is good. Please this also challenges me. You can help me.
Assume that the district tax revenues grow at 25%. The district authority believes that its financial needs will be satisfied when the tax revenues double. As the local revenue collection officer, you are approached to tell when that will happen, holding other factors constant.
Assume that the district tax revenues grow at 25%. The district authority believes that its financial needs will be satisfied when the tax revenues double. As the local revenue collection officer, you are approached to tell when that will happen, holding other factors constant.
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