Quantitative Aptitude – Arithmetic – Profit and Loss – In a market, the price of medium quality
Quantitative Aptitude – Arithmetic – Profit and Loss
Question
In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones. His overall profit is
A) 6%
B) 8%
C) 10%
D) 12%
Answer
Option (B)
Solution
As per CAT 2017 – Quantitative Aptitude – Arithmetic – Profit and Loss, we can see that
Price of good Quality mangoes = p
Price of medium Quality mangoes = p/2
Price at which mangoes are sold = 0.9p
Profit = [( 0.9p * 120 – 100p)/100p] * 100 = 8%
Option (B)
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