Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

A man purchases some oranges at the rate of 3 for ₹40 and the same quantity at the rate of 5 for ₹60. If he sells all the oranges at the rate of 3 for ₹50, then find his gain or loss percent (to the nearest integer).

Options:

32% profit

31% loss

34% loss

30% profit

Correct Answer:

32% profit

Explanation:

                Qty     :     Price

Buy1 ⇒       3       :      40      ..........(i)

Buy2 ⇒       5       :      60      ..........(ii)

ATQ, making qty equal⇒ (i) × 5 & (ii) × 3

                Qty     :     Price

Buy1 ⇒     15      :      200

Buy2 ⇒     15      :      180    

Buy  ⇒      30      :      380      ( Buy1 + Buy2)

Sale ⇒      3        :       50       (multiply by 10 to make Qty equal)  

Sale ⇒      30      :      500

 

So, C.P. = 380 and S.P. = 500

⇒ Profit = 500 - 380 = 120

Profit % = \(\frac{120}{380}\) × 100 = 31.5% = 32%