Practicing Success
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? |
1% Profit 1% Loss 2% Profit 2% Loss |
1% Profit |
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% |