New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Some toffees were bought at rate of 11 for Rs10 and same number at the rate of 9 for Rs10. If the whole lot was sold at one rupee per toffee, then gain% or loss% in the whole transaction?

    A 1% Loss Correct Answer Incorrect Answer
    B 2% Loss Correct Answer Incorrect Answer
    C 5% Loss Correct Answer Incorrect Answer
    D 8% Loss Correct Answer Incorrect Answer
    E 10% Loss Correct Answer Incorrect Answer

    Solution

    No. of toffee Price CP1 11 10 11 9 = 99 10 9 = 90 CP2 9 10 9 11 = 99 1011 = 110 Final CP 198 Rs. 200 SP = 198 toffees SP of Rs. 1 each = SP of Rs. 198 Loss = Rs. 2 Loss% = 2/200100 = 1%

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