Quantitative Aptitude – Profit and loss – A man buys 35 kg of sugar and sets a marked price

Slot – 3 – Quantitative Aptitude – Profit and loss – A man buys 35 kg of sugar and sets a marked price

Q. A man buys 35 kg of sugar and sets a marked price in order to make a 20% profit. He sells 5 kg at this price, and 15 kg at a 10% discount. Accidentally, 3 kg of sugar is wasted. He sells the remaining sugar by raising the marked price by p percent so as to make an overall profit of 15%. Then p is nearest to?

1. 25
2. 22
3. 31
4. 35

Answer: 25

Solution:
Let the CP = 100x
So MP = 100x + 20% of 100x = 120x
Total SP = 5*120x + 15*0.9*120x + (35 – 15-3-5)*120x (1+p/100)
He is getting 15% in overall. So
35*100x *1.15 = 600x + 1620x + 1440x + 14.4px
4025 = 3660+14.4p
14.4p = 365
p = 365/14.4= 25.34
so p =25 (approx)

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