Thanks guys for immediate reply,
I need some clarification in one more question
*In AP Sp = q, and Sq = p (Sn being the sum of the first n terms of the progression). Find S(p+q).
Plz explain the logic behind it,
Hey,
Ans is 42.84%
Articles were bought at 6 for 5 rs.
So calculate the articles sold on same price ,i.e., 4.16.
Now put the values in the formula:
goods left/goods sold*100
1.84/4.16*100= 42.84%
i think here cp for 1 article will be 5/6
sp for 1 article will be 6/5
then we will put value and calc profit%
wot say??
i think here cp for 1 article will be 5/6
sp for 1 article will be 6/5
then we will put value and calc profit%
wot say??
This approach is followed when the goods bought and goods sold are equal.
In this case articles bought are 6 and sold are 5, then we equate prices instead of goods.
Thanks guys for immediate reply,
I need some clarification in one more question
*In AP Sp = q, and Sq = p (Sn being the sum of the first n terms of the progression). Find S(p+q).
Plz explain the logic behind it,
Is the answer S(p+q) = Sp + Sq + 2pq * d Where d is the difference between the terms in AP...????
answer is -(p+q)
3) Let us assume that each gram costs 1 Rs .
So The price of 1 kg = 1000.
He says that the price is Increased by 20%.
Now the new price = 1200
But the Actual weight is 800gm. Its cost = 800
Profit = 1200 - 800 = 400
Profit % = 400/800 * 100 = 50%
4) Let quantity of milk be 100 Liters.
Let the cost of each liter be 1 Rs. So the total cost = 100.
He wants 25% gain which means 100 + 25% of 100 = 125
Now he must add 25 liters of water to the milk.
Percentage of water in the mixture is 25/125 * 100 = 20%
5) Profit % = S.P - C.P / C.P * 100
22 = (S.P - 200 / 200) * 100
44 = S.P - 200
S.P = 244
then actual ques should be 3. A Trader uses 800 gm weight for 1kg and increases the price by 20%. Find his profit/loss percentage.
I think solution for this ques is not correct
10. Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:
CP of one article=.83 i.e;5/6
SP of one article=1.2i.e;6/5
so for simple calculation multiply both CP and SP per unit by 6
CP=5 SP=7.2
Profit=2.2
=>Profit %=2.2/5=44%
44% is my take
Hey,
Ans is 42.84%
Articles were bought at 6 for 5 rs.
So calculate the articles sold on same price ,i.e., 4.16.
Now put the values in the formula:
goods left/goods sold*100
1.84/4.16*100= 42.84%
I think that answer should be 44%.
since CP for 1 article = 5/6
and SP for 1 article = 6/5
thus profit percent for each product = (SP-CP)/CP * 100
= 44%.
thus, he made Rs 0.44 profit for each item in this scenario.
so, on selling 5 produtcs ,he made a profit of 0.44*5 = 2.20 rs.
thus profit percentage = 2.2/5 * 100 = 44% .
Anand's approach in above post is quite right and simple too.
I was just going through IMS material when i came through this approach for solving profit and loss problems like we discussed above.
Whenever the goods bought and goods sold are not equal in quantity, take LCM of both these numbers and then find profit or loss percentage .
e.g. in th eproblem discussed,
Articles were bought at 6 for 5 rs.
and Articles were sold at 5 for 6 rs.
Take LCM of 6 and 5 = 30.
Now. CP of 30 articles = 25 rs
and SP of 30 articles = 36 rs.
so, profit of 11 rs.
thus, profit % = 11*100/25 = 44%.
Based on this logic,try to solve a similar question.
A boy buys eggs at 9 for rs 16 and sells them at 11 for rs 20.what is gain or loss percent??
Here's one more ques from profit and loss.
a dishonest dealer sells his goods at cost price but he uses a weight of 960gm instead of 1kg.what is his gain percent??
Here's one more ques from profit and loss.
a dishonest dealer sells his goods at cost price but he uses a weight of 960gm instead of 1kg.what is his gain percent??
Let the Cp of 1 grm = Re 1
so total CP=960
SP=1000
Profit=40
Profit%=40/960*100=4+1/6%
4.17%
Hey PUYS !!
Sorry a lil late...
But pls tell me which topics are completed and which we are gong thru ryt now....n what is left to do???
I was just going through IMS material when i came through this approach for solving profit and loss problems like we discussed above.
Whenever the goods bought and goods sold are not equal in quantity, take LCM of both these numbers and then find profit or loss percentage .
e.g. in th eproblem discussed,
Articles were bought at 6 for 5 rs.
and Articles were sold at 5 for 6 rs.
Take LCM of 6 and 5 = 30.
Now. CP of 30 articles = 25 rs
and SP of 30 articles = 36 rs.
so, profit of 11 rs.
thus, profit % = 11*100/25 = 44%.
Based on this logic,try to solve a similar question.
A boy buys eggs at 9 for rs 16 and sells them at 11 for rs 20.what is gain or loss percent??
LCM of 9 and 11 =99
so He buys 99 eggs at 16*11=176
and sells them for 20*9=180
profit=4 and CP for this profit=176
so Profit %=4/176*100= 2.27%
2.27% is the profit
in my final year engg now! hav given CAT 2011- 70 %ile 😞 (was not ready)
very confused if i should actually try for top 10 B-SCHOOLS..
10th- 89%
12th- 90.6%
b.e- 65 % 😞 any light of hope on my B.E % and getting calls from top B'S ?? or should i stop dreaming?
actually i had lots of fun in my b.e and in my final year got to know about how imp is grad % for a reputed MBA.. 😞 do i stand a chance now?? thnx a ton!
LCM of 9 and 11 =99
so He buys 99 eggs at 16*11=176
and sells them for 20*9=180
profit=4 and CP for this profit=176
so Profit %=4/176*100= 2.27%
2.27% is the profit :nono:
Yup, u r right. 😃
Hi all.. Just joined PG yesterday... this thread is truly great... My QA is very weak and my lack of a study group makes this thread priceless... Just catching up by going through initial posts... just one thing.. i m very weak in QA/DI... can anyone suggest any good book for this??? Arun Sharma comes to mind.... Is it good to begin with???
ShriR SaysHi all.. Just joined PG yesterday...can anyone suggest any good book for this??? Arun Sharma comes to mind.... Is it good??
Welcome to PG!!
Arun sharma's lod 1 and 2 is more than enough.
Welcome to PG!!
Arun sharma's lod 1 and 2 is more than enough.
Hey, thanks 😃 .... i l be getting the book soon.. right now am just concenterating on the raw basics like remembering squares of numbers fractions and percents and so on.. :cheerio::cheerio::cheerio::cheerio:
Hi,
Just wanted to know if the Aimcat's have started? Can any1 let me knw when are they going to start?
Hi,
Just wanted to know if the Aimcat's have started? Can any1 let me knw when are they going to start?
They are starting from 25th may.