Profit Percent Calculation (Profit and Loss)

Profit and Loss is one of the important chapter of Quantitative Aptitude syllabus. The chapter is easy but requires considerable practice in order to ace its questions in exam.
I have provided some of its important questions for your practice.

Question 01

Alfred buys an article for rupees 4700, spends rupees 800 on repairing and sells it for rupees 5800, find the profit percentage?

Cost Price = 4700
Repairing Cost = 800
Thus, total Cost Price = 4700+800 = 5500

Selling Price = 5800

We know,
profit percentage=[(Selling Price – Cost Price)/Cost Price]×100

Putting values in above formula, we get

Profit percentage= (5800-5500)×100÷5500

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