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Numerical Ability
Profit and Loss
A man bought some fruits at the rate of 4 for Rs 5 and sold them at the rate of 7 for Rs 8. What is the profit/loss per cent?
1) 8 4/7% profit
2) 8 4/7% loss
3) 9 3/8% profit
4) 9 3/8% loss
5) None
Read Solution (Total 2)
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- Ans 2.
Cp of 1 fruit =5/4
Sp of 1 fruit =8/7
Cp>sp
Loss%=((cp-sp)/cp)*100
=> {(5/4 - 8/7)/5/4}*100
=> 8 4/7. - 8 years agoHelpfull: Yes(1) No(0)
- C.P of 4= Rs5
C.P of 1= Rs5/4
S.P of 7= Rs8
S.P of 1= Rs8/7
Loss= 5/4 - 8/7 = 3/28
Loss percent= (3/28)/(5/4)*100 = 60/7
Loss percent= 8 4/7% - 6 years agoHelpfull: Yes(1) No(0)
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