ExamVeda
Login
Home

Ranjan purchased 120 tables at a price of Rs 110 per...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
?

Ranjan purchased 120 tables at a price of Rs. 110 per table. He sold 30 tables at a profit of Rs. 12 per table and 75 tables at a profit of Rs. 14 per table. The remaining tables were sold at a loss of Rs. 7 per table. What is the average profit per table ?

Answer & Solution
Correct Answer: Option B
Total C.P. = Rs. (120 × 110) = Rs. 13200
Total S.P.
= Rs. [(30 × 110 + 30 × 12) + (75 × 110 + 75 × 14) + (15 × 110 - 15 × 7)]
= Rs. 14505
$$\eqalign{ & {\text{Average profit }} \cr & {\text{ = Rs}}{\text{.}}\left( {\frac{{14505 - 13200}}{{120}}} \right) \cr & = {\text{Rs}}.\frac{{1305}}{{120}} \cr & = {\text{Rs}}.10.875 \cr} $$
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Profit and Loss

A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is:
A. 45 : 56 B. 45 : 51 C. 47 : 56 D. 47 : 51
By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:
A. Rs. 2600 B. Rs. 2700 C. Rs. 2800 D. Rs. 3000
A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:
A. A neither losses nor gains B. A makes a profit of 11% C. A makes a profit of 20% D. B loses 20%
A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was:
A. Rs. 3,750 B. Rs. 3,250 C. Rs. 2,750 D. Rs. 2,250
More Related Questions on Profit and Loss