40 likes | 106 Views
Tips on cracking Aptitude Questions on Profit and Loss [ https://learningpundits.com/module-view/44-profit-and-loss/2-self-assessment-quiz-on-profit-and-loss/ ].<br><br> LearningPundits helps Job Seekers make great CVs [ https://learningpundits.com/module-view/1-cv-preparation-for-freshers/1-cv-writing-tips-for-freshers/ ] , master English Grammar and Vocabulary [ https://learningpundits.com/course/4-english-grammar/ ] , ace Aptitude Tests [ https://learningpundits.com/course/11-mathematical-aptitude/ ], speak fluently in a Group Discussion [ https://learningpundits.com/module-view/6-group-discussion-questions/1-tips-for-speaking-in-a-group-discussion/ ] and perform well in Interviews [ https://learningpundits.com/course/2-personal-interview/ ] We also conduct weekly online contests on Aptitude and English [ https://learningpundits.com/contest ]. We also allow Job Seekers to apply for Jobs [ https://learningpundits.com/applyForJobs ]
E N D
Formula #1: Reduce the problem to one equation and use the formula: Selling Price =Cost Price (1 + 0.01 x profit_percentage) • Question: Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, what is his gain percent? • Solution: • Net C.P.= Cost + Repairs= Rs. 4700 + 800= Rs. 5500 • S.P. = Rs. 5800 • Now, 5800= 5500(1+0.01p) • p = 300/(550x0.01)= 5.45 % Question: By selling a Jeans for $ 432, John loses 4%. For how much should John sell it to gain 6%? Solution: For the first transaction, we have: 432 = C.P. (1-0.04) = C.P. * 0.96 => C.P. = 432/0.96 For the second transaction, we have: S.P. = C.P. (1+0.06) = (432/0.96) * 1.06 S.P.= $477
About Us LearningPundits helps Job Seekers make great CVs, master English Grammar and Vocabulary , ace Aptitude Tests , speak fluently in a Group Discussion and perform well in Interviews. We also conduct weekly online contests on Aptitude and English. Job Seekers can also apply for jobs on LearningPundits. You can read more about Tips on cracking Aptitude Questions on Profit & Loss.