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Company
Numerical Ability
Profit and Loss
A manufacturer undertakes to supply 2000 pieces of a particular component at Rs.25 per piece. According to his estimates, even if 5% fail to pass the quality tests, then he will make a profit of 25%. However, as it turned out, 50% of the components were rejected. What is the loss to the manufacturer?
(a) Rs.12000 (b) Rs.13000 (c) Rs.14000 (d) Rs.15000
Read Solution (Total 3)
-
- Sale according to 5% loss = 1900*25 = 47500
original production cost = 47500/1.25 = 38000
Sale according to 50% loss = 10000* 25 = 25000
so loss = 38000-25000 = 13000 - 13 years agoHelpfull: Yes(27) No(5)
- total=2000*25=50000
5%fail of total estimate=0.5*50000=2500
remainig estimate=47500
he will make profit=25%
c.p=47500/1.25=38000
he loss 50% of 50000=25000 loss=38000-25000=13000 - 10 years agoHelpfull: Yes(6) No(0)
- since we r undertaking to supply 2000 products
so 2100 (2000+5%of 2000 which is loss)must be produced
now
2000*25=50000(sp)
but
2100*25=52500(sp actually)
so 52500-50000=2500(loss)
and 25% profit
(0.25+1)CP=50000
cp= 40000
now profit=SP-CP
=50000-40000=10000
but also we are loosing CP of 100(5%)products
ie 2500 Rs.
net profit=10000-2500=7500Rs.
not at2100 ie(5% loss)our profit is 7500Rs.
for 2400(20% loss) we do not have any profit or loss
again for 3000(50% loss) we get loss of 15000/-
- 13 years agoHelpfull: Yes(2) No(7)
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