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.
Sushanta said:
8 years ago
I think profit is 320% of the cost then why you guys taking profit is 320 rupees. Then what rupees is cost?
Jay said:
1 decade ago
Can anyone explain me once again I have to look at it?
Can anyone explain me about ratio proportion?
Can anyone explain me about ratio proportion?
Mohana said:
1 decade ago
How they have taken the C.P value = 100
even it gives change to assume any number like 1,2,3, etc.,
even it gives change to assume any number like 1,2,3, etc.,
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).
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%?
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%.
Ravi said:
1 decade ago
We are all know that gain% in terms of C.P price but in the given problem gain% in terms of S.P.
Vinoth said:
2 decades ago
Profit% = (Gain*100)/CP right.
But in the above problem SP has been substituted instead of CP?
But in the above problem SP has been substituted instead of CP?
Rinki said:
1 decade ago
I have a doubt here in question's 2nd part here we know that %profit calculated by CP but here?
ANGELIN ALFRED said:
1 decade ago
Here, profit % is calculated on SP i.e. 420.
But, it should be calculated on CP i.e. 100.
But, it should be calculated on CP i.e. 100.
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