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.
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.
Sandeep singh sandhu said:
8 years ago
@Girija.
SP = 1.25CP FOR 25%PROFIT.
(SP -200) = 1.3(CP-200) FOR 25% MORE PROFIT.
SP-200 = 1.3CP-260.
60 - 1.3CP - 1.25CP.
60 = 0.05CP.
CP = 60/0.05.
CP = 6000/5.
CP = 1200.
SP = 1.25CP FOR 25%PROFIT.
(SP -200) = 1.3(CP-200) FOR 25% MORE PROFIT.
SP-200 = 1.3CP-260.
60 - 1.3CP - 1.25CP.
60 = 0.05CP.
CP = 60/0.05.
CP = 6000/5.
CP = 1200.
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?
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?
Victoria meesala said:
11 months ago
If we use the cost price (CP) in the denominator, we would be calculating profit as a percentage of cost. So we used the selling price in the denominator.
Am I right?
Am I right?
(13)
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;
Girija said:
9 years ago
A Horse is sold at a profit of 25%. If both the CP and SP are Rs. 200 less, the profit will be 5% more. The cost price is?
Can you please help me to solve this?
Can you please help me to solve this?
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?
Kalyani said:
5 months ago
Let us assume c.p = 100,
p=320% of c.p = 320,
s.p = 100+320 = 420,
CP increase at 25% the c.p = 125,
p = 420 - 125 = 295,
p% = (295/420) * 100 =>70%.
p=320% of c.p = 320,
s.p = 100+320 = 420,
CP increase at 25% the c.p = 125,
p = 420 - 125 = 295,
p% = (295/420) * 100 =>70%.
(4)
Vanitha said:
1 decade ago
I have one doubt if the question is asked like what's the percentage of the selling price is the profit means we have to use denominator as s.p ah?
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