Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Mangoes are bought at a rate of 11 for Rs. 100 and an equal number at a rate of 9 for Rs. 100. If all the fruits are sold at 10 for Rs. 100, then what is the gain/loss % in all transactions?

Options:

1% Profit

1% Loss

2% Profit

2% Loss

Correct Answer:

1% Profit

Explanation:

                Qty     :     Price

Buy1 ⇒     11       :     100      ..........(i)

Buy2 ⇒      9        :     100      ..........(ii)

ATQ, making qty equal⇒ (i) × 9 & (ii) × 11

                Qty     :     Price

Buy1 ⇒     99      :      900

Buy2 ⇒     99      :     1100    

Buy  ⇒    198      :      2000      ( Buy1 + Buy2)

Sale ⇒     10       :       100       (multiply by 20 to make S.P & C.P. equal)  

Sale ⇒     200     :      2000

So, Loss = 200 - 198 = 2 mangoes on selling 200 mangoes

Therefore, Loss % = \(\frac{2}{200}\) × 100 = 1%