CAT 2017 Profit & Loss Question (Medium)

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

Accepted Answer

Step 1 Let the cost price of good mangoes per kg 2 Then cost price of medium mangoes per kg 1 Total cost price Good mangoes 80 2 160 Medium mangoes 40 1 40 Total cost 200 Step 2 Selling price per kg 10 less than 2 1.80 Total selling price 120 1.80 216 Step 3 Profit 216 - 200 16 Profit 16 200 100 8 F

CAT 2017

Quantitative

Profit & Loss

Medium

$In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones. His overall profit is:$

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