Mangoes are bought at a rate of ₹10,000 per ton. If one-third of the total mangoes are sold at a loss of 4%, then at what price (per ton) should the remaining mangoes be sold so as to gain 30% on the whole transaction?
Answer & explanation
Correct answer: option 3
Let the remaining mangoes sold at Rs. m, then,
so,
\(\frac{10000}{3}\) × \(\frac{96}{100}\) + m = 10,000 × \(\frac{130}{100}\)
3200 + m = 13000
m = 13000 – 3200
m = 9800
As we know,
Price of \(\frac{2}{3}\) ton of mangoes is Rs. 9800
∴ Price of 1-ton mango = 9800 × \(\frac{3}{2}\) = 14700