Arman purchases some apple @ 1 apple for Rs.2 and same number of apple @ 2 apple for Rs.1. He sold all of them @1 for Rs.3. Find profit or loss percent.
Answer & explanation
Correct answer: option 1
Qty : Price
Purchase1: 2 : 1 .............(i)
Purchase2: 1 : 2 .............(ii)
(ii) × 2, to make the purchased qty same, ATQ.
Qty : Price
Purchase1: 2 : 1
Purchase2: 2 : 4
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Total Purch.: 4 : 5
Sale : 4 : 12
= 12 - 5 = 7 profit
Profit% :- \(\frac{7}{5}\) × 100 = 140%