MBApyq

Profit and loss on mangoes

CMAT 2018 · Quantitative Techniques & Data Interpretation · Medium · Profit and Loss

All CMAT 2018 questionsMore Profit and Loss questionsAll CMAT QTDI

By selling mangoes at the rate of 64 for Rs. 2,000, the vendor loses 40%. How many should he sell for Rs. 1000 so as to gain 20%?

  1. A.

    12

  2. B.

    16

  3. C.

    15

  4. D.

    20

Answer

B

Explanation

SP per mango = 200064=Rs. 31.25\frac{2000}{64} = \text{Rs. } 31.25. Loss = 40%   ⟹  \implies CP per mango = 31.250.60=Rs. 52.0833\frac{31.25}{0.60} = \text{Rs. } 52.0833.

To gain 20%, required SP per mango = 52.0833×1.20=Rs. 62.552.0833 \times 1.20 = \text{Rs. } 62.5.

Number of mangoes to sell for Rs. 1000 = 100062.5=16\frac{1000}{62.5} = 16.

Related Profit and Loss questions

Practise this under exam conditions

Sign in to solve it with a live timer, the on-screen CAT calculator, and streak and accuracy tracking across every question you attempt.

Solve in the workspace