New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    A fruit seller sells apples at a profit of 20% and

    oranges at a loss of 10%. If the ratio of apples to oranges sold is 3:2 and the overall profit is rupees 60, what is the total cost price of the fruits?
    A 750 Correct Answer Incorrect Answer
    B 650 Correct Answer Incorrect Answer
    C 554 Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the cost price of apples be 3x and oranges be 2x. Profit on apples = 20% of 3x = 0.6x. Loss on oranges = 10% of 2x = 0.2x. Net profit = 0.6x - 0.2x = 0.4x 0.4x = 60 x = 150. Total cost price = 3x + 2x = 750. =750

    Practice Next