Friday, 28 February 2020

Aptitude Problem on Profit & Loss

Aptitude Problem on Profit & Loss

Ramu buys 3 dozen tomatoes for Rs. 360. He buys carry bags to take them to his shop. Only one dozen can be filled into a carry bag and cost of each carry bag is Rs.10. He then sells the tomatoes along with carry bags for a cost of 200 per dozen. What is his profit percentage.

a. 53.84%

b. 60%

c. 56.67%

d. 63.84%

e. 72%

Answer : a. 53.84%

Cost of 3 dozens of tomatoes is Rs. 360

Cost of 1 carry bag = Rs. 10. Therefore, three of them cost Rs. 30

Overall CP of tomatoes = 360 + 30 = Rs. 390

SP of each dozen of tomatoes = Rs. 200

Therefore SP of three dozens = 600

Profit percentage = (SP - CP) / CP x 100% = (600 - 390)/390 x 100% = 210/390x 100% = 2100/39 % = 53.84%

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