Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

Amar purchases some apple @ 1 apple for ₹2 and same no. of apple @ 2 apple for ₹1. He sold all of them @ 4 for ₹3. Find profit or loss percent.

Options:

40% Loss

35% Profit

40% Profit

32% Loss

Correct Answer:

40% Loss

Explanation:

                      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      

Total Purch.:    4        :          5

Sale           :     4        :         3  

                                           2 L

Loss% :- \(\frac{2}{5}\) = 40%