Latest MBA Aptitude Question SOLUTION: Cheap and Best, a kirana shop bought some apples at 4 per rupee and an equal number at 5 per rupee. He then sold the entire quantity at 9 for 2 rupees. What is his percentage profi

• Placement Papers
• /
• MBA
• /
• Logical Reasoning
• /
• Seating Arrangement

MBA Question Papers:

(#M40016774) MBA Logical Reasoning question averages, percentages, profit loss and interest Keep an EYE

Cheap and Best, a kirana shop bought some apples at 4 per rupee and an equal number at 5 per rupee. He then sold the entire quantity at 9 for 2 rupees. What is his percentage profit or loss?

1) 1.23% loss
2) 6.66%
3) 8.88%
4) No profit no loss
5) None of these

Asked In MBA (11 years ago)

Unsolved Read Solution (1)

Is this Puzzle helpful?   (26)   (10) Submit Your Solution Seating Arrangement

Read Solution (1) :

sri sri  (8 years ago)

LCM(4,5) = 20
So, 20 apples each were bought at 4/Re and 5/Re.
So, he spent Rs 5 and Rs 4 i.e. a total of Rs 9 for 20+20 = 40 apples.
So, CP (1 apple) = 900/40 = 22.5 paise
So, CP (9 apples) = 9*22.5 = 202.5 paise
SP (9 apples) = 200 paise
So, Loss % =(202.5-200)/202.5
= 0.012345679
= 1.23%

Is this solution Helpfull? Yes (1) | No   

Please Login to Read Solution.