250 Mangoes are bought for Rs. 4500 and sold at the rate of Rs. 250 per dozen. The percentage of pro

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28 Sep 2018 Profit and Loss

250 Mangoes are bought for Rs. 4500 and sold at the rate of Rs. 250 per dozen. The percentage of profit or loss is:

OPtion

1) 15.55 % Profit
2) 15.16 % Loss
3) 16.41 % Profit
4) 15.74 % Profit
5) 16.667 % Profit
6) 16.14 % Profit
7) 18.00 % Profit
8) 16.67 % Profit
9) 15.5 % Profit
10) None of these

Solution

Cost of 1 Mango = 4500/250 = 18
Selling price of 1 Mango = 250/12 = Rs. 20.8333

As SP > CP so its profit
So Profit % = (20.8333- 18 )*100/18 = 15.74074 = ~15.74 %

Option 4)

Correct Option: 4 Best Solution (0)