Question:
A trader purchased 20 apples. Half of the stock was sold at a profit of 10% and with that money he purchased five mangoes. After that he sold his entire stock at a profit of 20% thereby gaining Rs.21. Find the cost of each mango.
A trader purchased 20 apples. Half of the stock was sold at a profit of 10% and with that money he purchased five mangoes. After that he sold his entire stock at a profit of 20% thereby gaining Rs.21. Find the cost of each mango.
Updated On: Jul 22, 2024
- Rs.11
- Rs.10
- Rs.5
- Rs.9
- Rs. 7
Hide Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
The correct option is (A): Rs.11.
Was this answer helpful?
0
0
Top Questions on Profit and Loss
- FS food stall sells only chicken biryani. If FS fixes a selling price of Rs. 160 per plate, 300 plates of biriyani are sold. For each increase in the selling price by Rs. 10 per plate, 10 fewer plates are sold. Similarly, for each decrease in the selling price by Rs. 10 per plate, 10 more plates are sold. FS incurs a cost of Rs. 120 per plate of biriyani, and has decided that the selling price will never be less than the cost price. Moreover, due to capacity constraints, more than 400 plates cannot be produced in a day.
If the selling price on any given day is the same for all the plates and can only be a multiple of Rs. 10, then what is the maximum profit that FS can achieve in a day? - The cost of running a movie theatre is Rs. 10,000 per day, plus additional Rs. 5000 per show. The theatre has 200 seats. A new movie released on Friday. There were three shows, where the ticket price was Rs. 250 each for the first two shows and Rs. 200 for the late-night show.
For all shows together, total occupancy was 80%. What was the maximum amount of profit possible? - Gopi marks a price on a product in order to make 20% profit. Ravi gets 10% discount on this marked price, and thus saves Rs 15. Then, the profit, in rupees, made by Gopi by selling the product to Ravi, is
- CAT - 2024
- Quantitative Aptitude
- Profit and Loss
- Bina incurs 19% loss when she sells a product at Rs. 4860 to Shyam, who in turn sells this product to Hari. If Bina would have sold this product to Shyam at the purchase price of Hari, she would have obtained 17% profit. Then, the profit, in rupees, made by Shyam is
- CAT - 2024
- Quantitative Aptitude
- Profit and Loss
- The selling price of a product is fixed to ensure 40% profit. If the product had cost 40% less and had been sold for 5 rupees less, then the resulting profit would have been 50%. The original selling price, in rupees, of the product is
- CAT - 2024
- Quantitative Aptitude
- Profit and Loss
View More Questions
Questions Asked in IBSAT exam
- An electronic company conducts a survey of 1500 houses for their products. The survey suggested that 862 houses own TV, 783 houses has AC and 736 houses has washing machine. There were 95 houses having only TV, 136 houses having only AC and 88 houses having only washing machine. There were 398 houses having all the three equipments. How many houses have only TV and washing machine but not AC?
- IBSAT
- Set Theory
- Given quadratic equation is \(x^2-|x|-30=0 . \)Then which of the following statements is/are incorrect?
- IBSAT
- Quadratic Equation
- P, Q and E start a joint venture, where in they make an annual profit. P invested one-third of the capital for one-fourth of the time, Q invested one-fourth of the capital for one-half of the time and R invested the remainder of the capital for the entire year. P is a working partner and gets a salary of `10,000 per month. The profit after paying P’s salary is directly proportional to the sum each one has put and also to the square of the number of months for which each has put their sum in the venture. If in a year P earns ` 60,000 more than Q, then how much does P earn?
- IBSAT
- Profit sharing ratio
- The boat will sink when the weight on it increases beyond 350 kg. There is a hole in it through which the water leaks in at the rate of 0.4 kg/s. The weight of the boat is 1200 kg, and the weight of the boatman is 48 kg. The boatman throws out water at the rate of 0.04 kg/s. There are four passengers whose weights are 42.5 kg, 53.5 kg, 43.5 kg and 54.5 kg. How long will the boat float?
- IBSAT
- Number Systems
- Sugar worth 15 per kg and 16 per kg is mixed with a third variety of some other cost in the ratio 1 : 1 : 2. If the mixture is of worth 20 per kg, what would be the cost of the third variety of sugar per kg?
- IBSAT
- Mixtures and Allegations
View More Questions