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.
Anurag said:
1 decade ago
@payal its not the profit percentage formula.
The required percentage asked is "what percentage of selling price is the profit".
So, (profit/S. P) *100 is the required percentage.
The required percentage asked is "what percentage of selling price is the profit".
So, (profit/S. P) *100 is the required percentage.
Vikash kumar said:
1 decade ago
But here it is specifically asked for sp (read the question).
Chandranaik.m said:
1 decade ago
Please sir give me Answer. How we get 420 in denominator?
Actual formula for gain = (gain*100/CP).
Actual formula for gain = (gain*100/CP).
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;
Varun said:
1 decade ago
thax guys for explain clearly
Nza said:
1 decade ago
Yes what you did is good. Please this also challenges me. You can help me.
Assume that the district tax revenues grow at 25%. The district authority believes that its financial needs will be satisfied when the tax revenues double. As the local revenue collection officer, you are approached to tell when that will happen, holding other factors constant.
Assume that the district tax revenues grow at 25%. The district authority believes that its financial needs will be satisfied when the tax revenues double. As the local revenue collection officer, you are approached to tell when that will happen, holding other factors constant.
Hasan said:
1 decade ago
Very nice @Malini!
I got you in the question it is mentioned clearly that what percentage of the selling price is the profit?
But from childhood we have been studying that profit could only on C.P.
I got you in the question it is mentioned clearly that what percentage of the selling price is the profit?
But from childhood we have been studying that profit could only on C.P.
Rukhsaar said:
1 decade ago
Formulae is P% = P/C.P*100 then why we are taking 420 which is S.P?
Roohi said:
1 decade ago
How you have calculated 25% for cost price? If CP is assumed as 100.
Bhavi said:
1 decade ago
The answer is 236% is we substitute CP=125.
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