A fruit vendor buys apples at the rate of 5 for Rs. 10 and sells them at the rate of 4 for Rs. 12. His gain percent is: MCQ with Answer and Explanation

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A fruit vendor buys apples at the rate of 5 for Rs. 10 and sells them at the rate of 4 for Rs. 12. His gain percent is:

A. 40%

B. 60%

C. 50%

D. 55%

Answer: Option C

Solution (By JKSSB Mock Tests)

Cost Price of 1 apple = 10 / 5 = 2. Selling Price of 1 apple = 12 / 4 = 3. Profit = 1. Profit percentage = (1 / 2) * 100 = 50%.

This question belongs to: Maths Profit And Loss

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Question #1

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By selling 45 lemons for Rs. 40, a man loses 20%. How many should he sell for Rs. 24 to gain 20%?

A. 16

B. 22

C. 18

D. 20

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Correct Answer: Option C

Explanation:
Selling Price of 45 lemons = 40. Cost Price of 45 lemons = 40 / 0.80 = 50. Desired Selling Price for 45 lemons for 20% profit = 50 * 1.20 = 60. To get Rs. 60, he sells 45 lemons. To get Rs. 24, he must sell (45 / 60) * 24 = 18 lemons.

This question belongs to: Maths Profit And Loss

Question #2

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A man buys oranges at 5 for Rs. 10 and an equal number at 4 for Rs. 10. He mixes them and sells them at 9 for Rs. 20. What is his profit or loss percentage?

A. 1.5% Loss

B. 1.23% Loss

C. No profit no loss

D. 1% Loss

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Correct Answer: Option B

Explanation:
Let he buy 20 of each (LCM of 5 and 4). CP1 = (10/5)*20 = 40. CP2 = (10/4)*20 = 50. Total CP = 90 for 40 oranges. SP of 40 oranges = (20/9) * 40 = 800/9 = 88.88. Loss = 90 - 88.88 = 1.11. Loss % = (1.11 / 90) * 100 = 1.23%.

This question belongs to: Maths Profit And Loss