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 8 of 15.
Mahnoor said:
10 years ago
I can't understand this question please. Explain me simple method + shortcut?
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).
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%.
Nitu said:
10 years ago
I can't understand the solution.
Adeesh dhiman said:
10 years ago
Why did put in the question p = gain/sp*100?
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.
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%?
Priya.D said:
10 years ago
How did you assume C.P value?
Sanket wankhede said:
9 years ago
How did 420 came into existence?
Vijay said:
9 years ago
Hello @Vindo,
He finding percentage, not profit percent.
He finding percentage, not profit percent.
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