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?
Answer & explanation
Correct answer: option 1
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%