Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

30 dozens of nuts were bought for ₹14400. If the nuts are sold in a packet of 5 for ₹250, then how much profit is earned?

Options:

₹3200

₹3600

₹4000

₹1440

Correct Answer:

₹3600

Explanation:

30 dozens of nuts were bought for ₹14400

cost price of 1 nut = \(\frac{14400}{12 × 30}\) = 40

Selling price of 5 nut = 250

SP of one = 50

so profit  = 50 - 40 = 10 on one nut.

Profit on 30 dozen nut = 10 × 30 × 12 = 3600