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 8 of 15.
Mahi said:
10 years ago
We have calculated Profit and SP in first case but why to take 125% for new CP, Although CP is 25%?
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.
Adeesh dhiman said:
10 years ago
Why did put in the question p = gain/sp*100?
Nitu said:
10 years ago
I can't understand the solution.
Abhishek said:
10 years ago
236% is the answer because final profit is to be calculated on CP not on SP hence 295/125 = 236%.
Rahul Singh said:
10 years ago
Let C.P = 100.
When C.P = 100 then profit will be profit = (320/100)*100 = 320.
When C.P = 100 and Profit = 320 then S.P = (C.P+Profit) = (320+100) = 420.
If the C.P increases by 25% Then C.P = 125 and S.P according numerical remain constant.
So S.P = 420.
Now profit will be profit = (S.P-C.P) = 420-125 = 295.
So Required % = (295/420)*100 = approx (70).
When C.P = 100 then profit will be profit = (320/100)*100 = 320.
When C.P = 100 and Profit = 320 then S.P = (C.P+Profit) = (320+100) = 420.
If the C.P increases by 25% Then C.P = 125 and S.P according numerical remain constant.
So S.P = 420.
Now profit will be profit = (S.P-C.P) = 420-125 = 295.
So Required % = (295/420)*100 = approx (70).
Mahnoor said:
10 years ago
I can't understand this question please. Explain me simple method + shortcut?
Sowmya said:
10 years ago
Thanks you so much every one for nice discussion.
Jaspreet singh said:
10 years ago
Thank you so much to every one for nice explanation. Great site to learn.
Sathish said:
1 decade ago
Simple, Assume Cost = 100 Profit gained is 320%.
So SP = 320+100 = 420.
Now CP increase by 25, New CP = 125.
Gain now = 420-125 = 295.
Gain % with respect to SP (as per question) = 295/420 x 100 = 70%.
So SP = 320+100 = 420.
Now CP increase by 25, New CP = 125.
Gain now = 420-125 = 295.
Gain % with respect to SP (as per question) = 295/420 x 100 = 70%.
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