96 mangoes are bought for Rs. 1440 and sold at the rate of Rs. 72 per half dozen. The percentage of

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31 May 2017 Profit and Loss

96 mangoes are bought for Rs. 1440 and sold at the rate of Rs. 72 per half dozen. The percentage of profit or loss is:

OPtion

1) 28% Profit
2) 22% Profit
3) 25% Loss
4) 33% Profit
5) 20% Loss
6) 28% Profit
7) 20% Profit
8) 25% Profit
9) 30% Profit
10) None of these

Solution

Cost of 1 mango = 1440/96 = 15
Selling price of 1 mango = 72/6 = Rs. 12

As SP < CP so its loss
So Loss % = (15 - 12)*100/15 = 20%
Option 5)

Correct Option: 5 Best Solution (0)