Question 01 A vendor bought 6 toffees for a rupee. How many for a rupee must he sell to gain 20% ? Given CP of 6 toffees = ₹1So, CP of 1 toffee = ₹ 1/6 According to question, The vendor should profit = 20% Formula Used We know that,SP = CP(100+gain%)/100 =(1/6)*(100+20) / …
Question 01 A trader mixes three varieties of groundnuts costing ₹50, ₹20 & ₹30 per kg in the ratio of 2:4:3 in terms of weight and sells the mixture at ₹33 per kg. What percentage of profit does he make? Given:The ratio of 3 varieties of ground nuts in terms of weight = 2:4:3 Let …
Profit and Loss is one of the important chapter of Quantitative Aptitude syllabus. The chapter is easy but requires considerable practice in order to ace its questions in exam.I have provided some of its important questions for your practice. Question 01 Alfred buys an article for rupees 4700, spends rupees 800 on repairing and sells …