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Aptitude::Profit and Loss

Home > Quantitative Aptitude > Profit and Loss > Subjective Solved Examples

Example 1 / 1

A marble table when sold for Rs. 6400 gives a loss of 11.11% to the merchant who sells it. Calculate his loss or gain percent, if he sells it for Rs. 7812.
SP = Rs. 6400
Loss% = 11.11%
CP = \(\frac{6400}{(100-11.11)}\) x 100
= \(\frac{6400}{(88.89)}\) x 100
= Rs. 7199.91
SP = Rs. 7812
Profit% = \(\frac{Profit}{(CP)}\) x 100
= \(\frac{7812-7199.91}{(7199.91)}\) x 100
= 8.5% Ans.
CP = \(\frac{SP}{(100-LOSS)}%\)
Profit% = \(\frac{Profit}{(CP)}\) x 100
NA
At first, we will take out the CP by the given formula, then, according to the given new SP and CP which has been taken, we will calculate profit%.
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