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.
Rajdeep said:
1 decade ago
IF WE CONSIDER THAT FOR MAKING NEW 1 KG of rice we have to take 0.5 kg from each type. Then we get total buy price 10+6.5=16.5.
We sell 1 kg in 17/kg.
Then the profit we get 0.5 Rs/kg.
So option(E).
We sell 1 kg in 17/kg.
Then the profit we get 0.5 Rs/kg.
So option(E).
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.
Greenolf said:
5 years ago
Actually, the answer is D, because we can calculate the ratio of the mixture but we don't know the selling price of the mixture. So it is not possible to calculate the profit without selling price.
(1)
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.
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.
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
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%.
Minaz Sajan said:
1 decade ago
Option E.
Cause the options are necessary. Even when the ratio is given, if the individual price is not known, deriving a the profit % will not be possible.
Cause the options are necessary. Even when the ratio is given, if the individual price is not known, deriving a the profit % will not be possible.
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.
Shashank Jha said:
5 years ago
If we sell 1 kg of mixture rice then the total profit as compared to selling 1kg of X and 1 kg of Y will be.
((4/13) - (3/20) ) *100% per kg.
((4/13) - (3/20) ) *100% per kg.
(1)
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