New Register Here for NABARD Scholarship Test on Mar 22-23

    Question

    A vendor buys a certain quantity

    of fruits at the rate of 32 fruits for Rs. 24 and the same quantity at the rate of 48 fruits for Rs. 40. He then sells all the fruits at a rate of 60 fruits for Rs. 60. Calculate his profit or loss percentage.
    A (500/19)% loss Correct Answer Incorrect Answer
    B (500/19)% gain Correct Answer Incorrect Answer
    C (437/17)% gain Correct Answer Incorrect Answer
    D (437/17)% loss Correct Answer Incorrect Answer

    Solution

    ATQ,

    Total cost price = {(24/32) + (40/48) } ÷ 2 = Rs. (19/24) Total selling price = (60/60) = Rs. 1 So, profit earned = 1 - (19/24) = Rs. (5/24) So, gain percentage = {(5/24) /(19/24) } × 100 = (500/19) % gain 

    Practice Next