Aptitude - Profit and Loss - Discussion

Discussion Forum : Profit and Loss - General Questions (Q.No. 6)
6.
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
Rs. 2000
Rs. 2200
Rs. 2400
Data inadequate
Answer: Option
Explanation:

Let C.P. be Rs. x.

Then, 1920 - x x 100 = x - 1280 x 100
x x

1920 - x = x - 1280

2x = 3200

x = 1600

Required S.P. = 125% of Rs. 1600 = Rs. 125 x 1600 = Rs 2000.
100

Video Explanation: https://youtu.be/0tTd5TwCspY

Discussion:
93 comments Page 9 of 10.

Susee said:   1 decade ago
Thanks aamir your explaination is awesome.

Gowthami said:   1 decade ago
Thank you kavi.

Gowtham said:   1 decade ago
Hai guys simple method..........

Given sum is 2 selling price
-->first one is profit(sp1)
-->second one is loss(sp2)
so......
given profit & loss value
but.......
have no given the original price(x)
sp1-x=sp2+x
1920-x=1280+x
x=320
original price=sp1-x
so op=1600
then 25% profit
porofit=1600*1.25
=2000

That's all.

Mrs pallavi said:   1 decade ago
We have to calculate s.p
so formula is,
s.p=(100+profit%)*c.p/100.............(1)
now look at formula
we have profit % only we have to calculate c.p
now read our problem
assume,
profit=loss=x
sp1=1920
sp2=1280

sp1-x=sp2+x
1920-x=1280+x
1920-1280=2x
640=2x
x=320
Now we have formula to calculate c.p
c.p=s.p-profit...........................(2)
c.p=1920-320
c.p=1600
now put values in formula(1)
we get,
s.p=(100+25)*1600/100
s.p=125*1600/100
s.p=2000

Therefore selling price is 2000 to earn 25% profit

Insaan said:   1 decade ago
Its Simple, we have to use Gain% formula, see

Gain% = Gain*100/CP or SP-CP *100/CP
Let CP = x, then

case I = 1920 - x *100/x
case II = x - 1280*100/x [here i use loss% formula]
Now, compare the two cases, we get
1920 - x*100/x = x -1280*100/x
or 1920x - x^2 = x^2 - 1280
or 1920x - x^2 - x^2 + 1280 = 0
or 3200x - 2x^2 = 0
or 3200 = 2x
x = 1600 = CP
Now, use SP formula
S.P = 1 + Gain% * CP
1 + 25/100 * 1600
125/100 *1600
= 2000

Aamir said:   1 decade ago
1920+1280/2=1600
25%of 1600=400
1600+400=2000

Aamir said:   1 decade ago
Its very simple questions profit incrd when selng it at 1920 is same as los when sel it at 1280 take average of two .i.e .1920+1280/2=1600 is new cost so prf 25%of 1600=400.so add 1600+400=2000
(1)

Raj said:   1 decade ago
How 125 arrive?

Vikash kumar sharma said:   1 decade ago
profit=loss=x
sp1=1920
sp2=1280

sp-profit=sp+less
1920-X=1280+x
2x=640
x=320

cp=sp-profit
=1920-320=1600

new sp=1600*125/100
=2000

Kavi said:   1 decade ago
@kumar::

In the first case, by selling d article we get profit.so,the formula for gain=s.p-c.p
here we consider c.p as 'x'(cos its not gvn in quest)
therefore gain=1920-x
gain%=gain*100/(c.p)
so we get, gain%=(1920-x)*100/(x)

In the second case, by selling the product we get loss. so,the formula for loss= c.p-s.p

as we know, c.p=x(assumption)
s.p=1280
loss=x-1280

we need to find loss% here.. the formula is
loss%=loss*100/(c.p)

so we get, loss%=(x-1280)*100/(x)

as both the articles are same products we are equating both.

(1920-x)*100/(x)=(x-1280)*100/(x)
1920 - x = x - 1280

2x = 3200

x = 1600

hope you understood..! happy day!!
(1)


Post your comments here:

Your comments will be displayed after verification.