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 5 of 15.
Dinesh said:
1 decade ago
Good explanation malini.
Sinu said:
1 decade ago
Thanks malini.
Swimmi said:
1 decade ago
Why sp 420 is calculated when it is given that sp will remain constant?
Kanakam Vinay said:
1 decade ago
Nitesh your Answer is verry nice and Simple.
But 1000 is Working 1000 increased by 25% it became 1250 , but if u take 100 incresed by 25% it became as 125 then the Problem is Wrong .. If we assume anything it will be satisfied to all the Methods.
But 1000 is Working 1000 increased by 25% it became 1250 , but if u take 100 incresed by 25% it became as 125 then the Problem is Wrong .. If we assume anything it will be satisfied to all the Methods.
Hari haran said:
1 decade ago
What percentage of the selling price is the profit?
In maths formula is a basic, but we have to understand it in different views. Then we make it up easy. Sundar is correct.
In maths formula is a basic, but we have to understand it in different views. Then we make it up easy. Sundar is correct.
Balavignesh said:
1 decade ago
Profit=selling price-cost price
But profit is given in percentage and i thought that as profit percentage.
But we use it like profit i.e. Rs.320. How is this possible?
But profit is given in percentage and i thought that as profit percentage.
But we use it like profit i.e. Rs.320. How is this possible?
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.
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