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Q:

What is the profit or loss % when a shopkeeper bought 4 mangoes for Rs. 6 and sold them @ 4 mangoes for Rs. 4?

A) 36.333% B) 33.666%
C) 33.333% D) 36.666%

Answer:   C) 33.333%



Explanation:

Cost of 4 mangoes = Rs. 6 

Cost of 1 mango = Rs. 6/4 = Rs. 1.5

Now, Selling Price of 4 mangoes = Rs. 4

Selling Price of 1 mango = Rs. 4/4 = Rs. 1.0

 

      • We observe that, S.P < C.P

 

Hence, the shopkeeper incurs a loss.

 

Required loss% = loss/C.P x 100

Loss = 1.5 - 1 = 0.5

C.P = 1.5

Loss% = (0.5/1.5) x 100

 = (5/15) x 100

 = 1/3 x 100

 = 100/3

 = 33.333%.

Subject: Profit and Loss
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst
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