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

• 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%
• 9 years agoHelpfull: Yes(1) No(0)