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 9 of 15.
Gaurav said:
7 years ago
P=SP - Cp.
3200 = x - 1000,
x = 2200.
Now,
3200=x-1250,
X=1950,
1950/1250*100= 70% approx.
3200 = x - 1000,
x = 2200.
Now,
3200=x-1250,
X=1950,
1950/1250*100= 70% approx.
Varun said:
7 years ago
Can anybody explain why we take 420 in denominator we always take CP in the denominator?
Anurag said:
1 decade ago
@Payal.
Question itself is asking 'What percentage of selling price is the profit'.
Question itself is asking 'What percentage of selling price is the profit'.
Aswini panguluri said:
11 months ago
Formula for profit percertage is (sp-cp) /cp * 100.
Then I think the answer is 250%.
Then I think the answer is 250%.
(18)
Deepak said:
8 years ago
Hello,
The % profit =(profit/cp)*100.
But here the % profit =(profit/sp)*100.
The % profit =(profit/cp)*100.
But here the % profit =(profit/sp)*100.
(1)
Mahnoor said:
10 years ago
I can't understand this question please. Explain me simple method + shortcut?
Houdini said:
9 years ago
How can you change the sp there is clearly written that sp remains constant?
Deepak said:
1 decade ago
I cant understand method of this question please explain in simple format.
Pretty said:
1 decade ago
So the conclusion is that we can assume any value for cp if not mentioned?
N raju said:
1 decade ago
@Nitesh.
If I take CP = 100 I'm getting wrong answer can please help me?
If I take CP = 100 I'm getting wrong answer can please help me?
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