Aptitude - Profit and Loss - Discussion
Discussion Forum : Profit and Loss - Data Sufficiency 2 (Q.No. 1)
Directions to Solve
Each of the questions given below consists of a statement and / or a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statement(s) is / are sufficient to answer the given question. Read the both statements and
- Give answer (A) if the data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question.
- Give answer (B) if the data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question.
- Give answer (C) if the data either in Statement I or in Statement II alone are sufficient to answer the question.
- Give answer (D) if the data even in both Statements I and II together are not sufficient to answer the question.
- Give answer(E) if the data in both Statements I and II together are necessary to answer the question.
1.
A man mixes two types of rice (X and Y) and sells the mixture at the rate of Rs. 17 per kg. Find his profit percentage. | |
I. | The rate of X is Rs. 20 per kg. |
II. | The rate of Y is Rs. 13 per kg. |
Answer: Option
Explanation:
The ratio, in which X and Y are mixed, is not given.
So, both I and II together cannot give the answer.
Correct answer is (D).
Discussion:
32 comments Page 2 of 4.
Ravinesh kumar said:
10 years ago
Average of (x+y) = 17/kg (for sell).
But x = 20/kg.
y = 13/kg.
Here, average of (x+y) = (20+13)/2 = 16.5/kg (cost price).
Profit percentage = (17-16.5)/16.5*100 = 3%.
But x = 20/kg.
y = 13/kg.
Here, average of (x+y) = (20+13)/2 = 16.5/kg (cost price).
Profit percentage = (17-16.5)/16.5*100 = 3%.
NJN said:
5 years ago
Rs. 20 for 1 kg of X type.
Rs. 13 for 1 kg of Y type.
Mixture = Rs 33 for 1 kg of (X+Y) type.
S.P= Rs. 17.
Profit %= (16/33)*100 = 48% profit.
Rs. 13 for 1 kg of Y type.
Mixture = Rs 33 for 1 kg of (X+Y) type.
S.P= Rs. 17.
Profit %= (16/33)*100 = 48% profit.
Manoj said:
9 years ago
Here the quantity of rice x and y are not given so data is insufficient.
Mounika said:
10 years ago
Ratio of mixture = 4:3.
Let us consider he mixes 4 kg of type one mix and 3 kg of type 2.
His cost price = (4*20) + (3*13) = 119.
Selling price = 7*17 = 119.
No profit no loss.
Let us consider he mixes 4 kg of type one mix and 3 kg of type 2.
His cost price = (4*20) + (3*13) = 119.
Selling price = 7*17 = 119.
No profit no loss.
Vibha said:
10 years ago
Option D is correct.
We can calculate the ratio in which both X and Y are mixed using mixtures n alligation but to calculate profit we need the total quantity of mixture, which is not given.
We can calculate the ratio in which both X and Y are mixed using mixtures n alligation but to calculate profit we need the total quantity of mixture, which is not given.
Pratima said:
10 years ago
"General Thinking" answer D is correct. Because the quantity is not mentioned. Suppose the shopkeeper mixes only some amount of X on Y or else only some amount of Y on X. It depends on the shopkeeper.
Tushar parashar said:
1 decade ago
By mixture allegation formula v can calculate the ratio in which x and y are mixed so option tht is-
17-13=4
20-17=3
So they r ixed in 3:4 ration
Hence opion e is correct
17-13=4
20-17=3
So they r ixed in 3:4 ration
Hence opion e is correct
Bhupendra Gupta said:
10 years ago
We have to calculate profit per.
So it requires cost price ===> given but not clear that in what ratio we mixed them. So we have not cost price, and selling price is 17/kg but cost price is not clarify. So and D is correct.
So it requires cost price ===> given but not clear that in what ratio we mixed them. So we have not cost price, and selling price is 17/kg but cost price is not clarify. So and D is correct.
Vivek said:
10 years ago
We need both A and B to find profit. So option E is right.
Sparsh Chandra said:
1 decade ago
Option E will be correct only if both the type of rice are mixed in same ratio. So answer 100/33% = 3.33% as solved by AMIT is correct but here it is not defined whether the mixture of them was done in same ratio or different.
So D will be correct. So the question is not exactly defined.
So D will be correct. So the question is not exactly defined.
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