Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A shopkeeper bought some quantity of oranges at the rate of 4 in ₹ 3 and same quantity at the rate of 3 in ₹ 4. He sold all these oranges at the rate of 2 in ₹ 3. Find percentage of profit or loss during the whole transaction.

Options:

25% profit

44% loss

44% profit

25% loss

Correct Answer:

44% profit

Explanation:

             Quantity                  Price

                4 × 3                   3 × 3  (make quantity equal)

                3 × 4                   4 × 4

            -----------              ------------

CP           24                           25  

            2 × 12                     3 × 12  (sold all 24 oranges)

SP           24                           36  

 

Profit % = \(\frac{(36-25)}{25}\) × 100 = 44%