Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

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?

Options:

₹15,000

₹13,500

₹14,700

₹14,600

Correct Answer:

₹14,700

Explanation:

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