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Numerical Ability
Profit and Loss
A person buys a horse for 15 pounds. After one year, he sells it for 20 pounds. After one year, again he buys the same horse at 30 pounds and sells it for 40 pounds. What is the overall profit percent for that person over both the transactions?
a) 15%
b) 33.33%
c) 45%
d) 60%
e) None of these
Read Solution (Total 11)
-
- total c.p=45
total s.p=60
profit%=(15/45)*100=33.33% - 9 years agoHelpfull: Yes(13) No(1)
- total cost of buy=15+30=45 pounds
total profit=5+10=15 pounds
therefore profit=(15/45)*100=33.33% - 9 years agoHelpfull: Yes(6) No(0)
- initial profit=20-15=rs.5
Then cost price 30 rs
Bt actual cp=30-5=2r
Therefore, profit=40-25=15
15/25*100=60% - 9 years agoHelpfull: Yes(5) No(11)
- b)33.33%
- 9 years agoHelpfull: Yes(5) No(0)
- cp=45
sp=60
profit=15*100/45=33.33
- 9 years agoHelpfull: Yes(3) No(0)
- overall profit percent:
b) 33.33% - 9 years agoHelpfull: Yes(2) No(0)
- Total cost price= (15+30)=45 pounds
Total selling price=(20+40)=60 pounds
So profit= (60-45)=15 pounds
Profit percentage=15*100/45=33.33% - 9 years agoHelpfull: Yes(1) No(0)
- profit=33.33%
- 9 years agoHelpfull: Yes(0) No(0)
- TOTAL C.P=45 AND TOTAL S.P=60
THEREFORE P%=(60-45)/45*100=33.33% - 9 years agoHelpfull: Yes(0) No(0)
- No profit..
- 9 years agoHelpfull: Yes(0) No(2)
- 20-15=5
40-30=10
---------------
60-45=15
============>15/45*100=33.33% - 9 years agoHelpfull: Yes(0) No(0)
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