Question
Download Solution PDFSome fruits are bought at 15 for Rs. 140 and an equal number of fruits at 10 for Rs. 120. If all the fruits are sold at Rs. 132 per dozen, then what is the profit percent in the entire transaction?
Answer (Detailed Solution Below)
Detailed Solution
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Fruits bought at 15 for Rs. 140
Equal quantity of bought at 10 for Rs. 120
Fruits sold at Rs. 132/dozen
Let, the total quantity of fruits = 30
15 for Rs. 140 10 for Rs. 120 Total
CP Rs. 140 Rs. 180 Rs. 320
SP Rs. 165 Rs. 165 Rs. 330
Profit percent = (330 - 320)/320 × 100 = \(3 \frac{1}{8}\)%
∴ The required profit percent is \(3 \frac{1}{8}\)%.
Alternate Method
Given:
Fruits at 15 for Rs. 140 = Fruits at 10 for Rs. 120
Fruits sold at Rs. 132/dozen
Formula used:
Profit > Loss
Profit = SP - CP
Profit percent = Profit/CP × 100
Calculation:
Let, Total fruit brought
⇒ LCM (10 and 15) = 30
So, CP of 30 fruits at the rate of 15 for Rs. 140
⇒ 140/15 × 30 = Rs. 280
Similarly, CP of 30 fruits at 10 for Rs. 120,
⇒ 120/10 × 30 = Rs. 360
So, Total CP of 60 fruits = 280 + 360 = Rs. 640
Now,
⇒ SP of 12 fruits = Rs. 132
⇒ SP of 1 fruit = Rs. 11
⇒ SP of 60 fruits = Rs. 11 × 60 = Rs. 660
So, Profit = SP - CP = Rs.660 - Rs. 640
⇒ Rs. 20
Profit percent = 20/640 × 100 = \(3 \frac{1}{8}\)
∴ The required profit percent is \(3 \frac{1}{8}\)%.
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