Bank Exam
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Numerical Ability
Profit and Loss
Abhishek purchased 140 shirts and 250 trousers @ Rs. 450/- and @ Rs. 550/respectively. What should be the overall average selling price of shirts and trousers so that 40% profit is earned? (Rounded off to next integer).
a) Rs. 725/-
b) Rs. 710/-
c) Rs. 720/-
d) Rs. 700/-
e) None of these
Read Solution (Total 3)
-
- c)Rs 720
Total CP = 140*450 + 250*550 = 200500
Average CP of shirt and trousers = 200500/(140+250)
=514
Profit% = 40%
Average SP = CP*(100+P%)/100
=514*(100+40)/100
=719.74
=Rs. 720
- 10 years agoHelpfull: Yes(11) No(0)
- s.p=(100+Gain%/100)*c.p
s.p=(100+40%)/100*1000
s.p=1400 //2 items sold so
s.p=1400/2
s.p=700.
ans is D...:) - 10 years agoHelpfull: Yes(1) No(2)
- Overall CP is 1000 (450+550)
Profit is 40%
P in rs = p/1000*100=40 => 400
Overall SP = 1400
But we need avg of SP then 1400/2 => 700. - 10 years agoHelpfull: Yes(0) No(0)
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