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Numerical Ability
Profit and Loss
A man sold 12 candies in $10 had loss of b% then again sold 12 candies at $12 had profit of b% find the value of b.
Read Solution (Total 6)
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- 12 candy sold at 10$ incurred b% loss, 12 candy sold at 12$ made a profit of b%
let cost price be $x for 12 candy
loss equation : x-10 = b% loss i.e., bx/100
profit equation : 12-x = b% profit i.e., bx/100
x-10=12-x
x=11
putting value of x in any equation gives b = 100/11 = 9.09%
- 9 years agoHelpfull: Yes(12) No(0)
- cp should be equal in this case
so, when sp=$10 loss =b%
CP=(100/(100-loss%) )*sp
=>CP=(100/(100-b) )*10 -------------------- 1
in 2nd type he sold at $12 , SP=12 and profit=b%
then
CP=(100/100+b)*12 ----------------2
we equate 1 and 2
12/100+b=10/100-b
=>b=100/11
=> b=9.09%(Ans)
- 9 years agoHelpfull: Yes(2) No(0)
- 9.09 is the ans
- 9 years agoHelpfull: Yes(1) No(0)
- let to real cost of candies is =x
b% loss so .. b% of x= (x*b)/100
so sold price is : x-[ (x*b) / 100 ] =10 ----> as question say .............................(1)
now b% profit.. b%of x= (x*b)/100
so new sold price = x+[ (x*b)/100 ]=12 ......................................................(2)
comparing these equation ...
x-[ (x*b) / 100 ] / x+[ (x*b)/100 ]=10/12
b=9.09 ans :)
- 9 years agoHelpfull: Yes(0) No(0)
- (CP-10)*100/CP=b (LOSS%)
(12-CP)*100/CP=b(profit %)
Solving 1 and 2 we get CP=11
therefore b=1/11=9.09% - 5 years agoHelpfull: Yes(0) No(0)
- Here 12 candies is immaterial.
Loss % =
So Here SP = 10 and loss% = b%
In the second case he got a profit of b%
So Profit % =
So Here SP = 12 and profit% = b%
Solving 1 and 2 we get b = 1/11 or 9.09% - 5 years agoHelpfull: Yes(0) No(0)
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