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 6 of 15.
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?
Kishan chand said:
1 decade ago
The correct answer is 240%.
Thats because,
If you are buying of Rs. 125.
And solding it of Rs 425.
Now you calculate the percentage of profit.
Thats because,
If you are buying of Rs. 125.
And solding it of Rs 425.
Now you calculate the percentage of profit.
Sathish said:
1 decade ago
60.90% should be the right answer for this question. SP should remain constant was mentioned at the question, so answer must be 60.90%.
Thanks.
Thanks.
Anil said:
3 years ago
We always calculate with cost price, we can't take profit percentage on selling price,then how could you take s.p over c.p?
Please explain me.
Please explain me.
(46)
Mahee said:
2 years ago
@All.
Here they took SP in the denominator because in the question they asked "what percentage of SP is the profit".
Correct me, if I'm wrong.
Here they took SP in the denominator because in the question they asked "what percentage of SP is the profit".
Correct me, if I'm wrong.
(24)
PRANJAL KUMAR said:
9 months ago
@All.
Here the question is asked that;.
What percentage of the selling price is the profit? NOT PERCENTAGE PROFIT.
Please note it and solve...
Here the question is asked that;.
What percentage of the selling price is the profit? NOT PERCENTAGE PROFIT.
Please note it and solve...
(21)
Chirag said:
9 years ago
Hey, @Nitesh, you find here to profit not profit %, then how can you say that the answer becomes 70. Read question carefully and then go ahead.
SAYAK SEN said:
3 months ago
cp = 100,
profit = 320%,
sp = 420,
new cp = 125,
sp = 420.
Let the selling % = x.
(x/100)*420 = 320,
x = 16/21 *100.
Selling % = 70% (approx).
profit = 320%,
sp = 420,
new cp = 125,
sp = 420.
Let the selling % = x.
(x/100)*420 = 320,
x = 16/21 *100.
Selling % = 70% (approx).
(4)
Srinivas said:
9 years ago
We calculate the profit percentage with the help of cost price but in above problem why we are using selling price, tell me the reason.
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.
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