Aptitude - Profit and Loss - Discussion
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Read more:"Success has many fathers, while failure is an orphan."
- (Proverb)
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| 13. |
100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is: |
| [A]. |
| [B]. |
15% gain | | [C]. |
| [D]. |
15 % loss |
Answer: Option C
Explanation:
| C.P. of 1 orange = Rs. |
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350 |
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= Rs. 3.50 |
| 100 |
| S.P. of 1 orange = Rs. |
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48 |
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= Rs. 4 |
| 12 |
 Gain% = |
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0.50 |
x 100 |
% |
= |
100 |
% = 14 |
2 |
% |
| 3.50 |
7 |
7 |
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Amruta said:
(Sat, Dec 25, 2010 05:01:20 AM)
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| how .50 in Gain% came from |
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Vijay said:
(Tue, Feb 8, 2011 12:47:47 PM)
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Gain=(s.p-c.p)
=4-3.5
=0.5 |
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Man said:
(Thu, May 12, 2011 10:58:23 AM)
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| His gain must be calculated on Rs 4 sale price not cost prize. |
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Mrs Pallavi said:
(Thu, May 19, 2011 08:26:08 AM)
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"its very simple use common logic no need to use any formula"
c.p=350
s.p=?
350/100=3.5 c.p of 1 orange
3.5*12= 42 c.p of 1 dozen oranges.
48/12=4 s.p of 1 orange
4*100=400 s.p of 100 oranges
therefore
profit=s.p-c.p
=400-350
=50
profit %= 50/350*100
=14.28 %
i.e ans. (a) gain |
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