Some fruits are bought at 11 for Rs. 100 and twice the number at 8 for Rs. 100. If all the fruits are sold at 9 for Rs. 100, then what is the profit or loss percentage?
Answer & explanation
Correct answer: option 4
Price : Qty
Buy1: 100 : 11 ) × 8 × 1
Buy2: 100 : 08 ) × 11 × 2 (To make twice qty)
⇒
Buy1: 800 : 88
Buy2: 2200 : 176
Buy : 3000 : 264
1000 : 88
Sell : 100 : 09
1000 : 90
He purchased 88 articles in Rs. 1000 and sold 90 articles in Rs.1000. Therefore, there is a loss of 2 articles on selling 90 articles.
Hence,
Loss% = \(\frac{2}{90}\) × 100% = 2\(\frac{2}{9}\)%