MBA
Exam
Logical Reasoning
Seating Arrangement
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
Read Solution (Total 1)
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- 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)
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