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 7 of 15.
Imran Ali said:
1 decade ago
If we take cost prize 1000, then profit will not be 320, cause in question profit is 320 percent of 1000, which is not equal to 320.
Siva krishna said:
10 years ago
Guys give some more examples on profit and loss so that we can practice and understand too fast instead of this much confusion.
Yb patil said:
9 years ago
We always assume cp =100 because loss and gain is always reckoned on cost price. That's why we assume (if not given ) cp = 100.
Bhupal said:
3 years ago
Let Cp = 100.
Gain = 320
SP = 420
Now;
Gain% = Gain ÷ sp * 100.
= 420-125/420 * 100.
= 295/420 * 100
= 29500 ÷ 420
= 70%.
Gain = 320
SP = 420
Now;
Gain% = Gain ÷ sp * 100.
= 420-125/420 * 100.
= 295/420 * 100
= 29500 ÷ 420
= 70%.
(10)
Merlin said:
1 decade ago
Why we are taking cp as 100?
In what cases we should assume in that way.
2. Why cannt we take that as x as in above sums.
In what cases we should assume in that way.
2. Why cannt we take that as x as in above sums.
Vaishnavi said:
6 years ago
Assume:
C. P=x.
S. P=2x.
Profit=3x.
Now,
Profit = ( sp-cp).
= 2x-x = x.
Now.
Profit% = cp/profit * 200.
=x\x * 100= 100.
C. P=x.
S. P=2x.
Profit=3x.
Now,
Profit = ( sp-cp).
= 2x-x = x.
Now.
Profit% = cp/profit * 200.
=x\x * 100= 100.
Narmadha said:
2 years ago
While calculating profit%, we should have to take CP in the denominator right? why they took SP?
Anyone, please explain it.
Anyone, please explain it.
(37)
Mahboob alam said:
1 decade ago
How can we assume the value of C.P. is 100. If the value of C.P. is not given ?
Can we take the value of CP is x?
Can we take the value of CP is x?
Ramesh said:
9 years ago
CP = 125
SP = 420
Profit = 320.
For SP is 420 we got 295 profit.
Convert it into 100(%).
(295/420) * 100 = 70%.
SP = 420
Profit = 320.
For SP is 420 we got 295 profit.
Convert it into 100(%).
(295/420) * 100 = 70%.
Archana said:
1 decade ago
I had not understood the explanination. Can you please explain me it again. How can we assume cp to be 100?
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