A man purchased 40 apples for Rs. 320. He sells 15 at a 20% profit and 15 at a 10% loss. At what profit percentage should he sell the remaining 10 apples to achieve an overall profit of 15%? MCQ with Answer and Explanation

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A man purchased 40 apples for Rs. 320. He sells 15 at a 20% profit and 15 at a 10% loss. At what profit percentage should he sell the remaining 10 apples to achieve an overall profit of 15%?

A. 35%

B. 45%

C. 50%

D. 40%

Answer: Option B

Solution (By JKExamLibrary)

Total Cost Price = 320. Desired profit = 15% of 320 = 48. Cost Price of 15 apples = 120. Profit on 15 apples = 24. Loss on 15 apples = 12. Net profit so far = 12. Profit needed on remaining 10 apples = 48 - 12 = 36. Cost Price of remaining 10 apples = 80. Profit percentage = (36 / 80) * 100 = 45%.

This question belongs to: Maths Profit And Loss

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Practice More Profit And Loss Questions

Question #1 Report Error

A sells a bicycle to B at a 20% profit. B sells it to C at a 25% profit. If C pays Rs. 1500, what did A pay for it?

A. Rs. 1200

B. Rs. 900

C. Rs. 1000

D. Rs. 1100

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Correct Answer: Option C

Explanation:
Let A's Cost Price = X. X * 1.20 * 1.25 = 1500. 1.50 * X = 1500. X = 1000.

This question belongs to: Maths Profit And Loss

Question #2 Report Error

If the selling price of an article is Rs. 297 and the profit is 35%, find the cost price.

A. Rs. 230

B. Rs. 210

C. Rs. 240

D. Rs. 220

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Correct Answer: Option D

Explanation:
CP = 297 / 1.35 = 220.

This question belongs to: Maths Profit And Loss

Question #3 Report Error

A shopkeeper sells a book for Rs. 230, losing 8%. Find the cost price.

A. Rs. 240

B. Rs. 250

C. Rs. 245

D. Rs. 260

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Correct Answer: Option B

Explanation:
SP = 92% of CP => CP = 230 / 0.92 = 250.

This question belongs to: Maths Profit And Loss

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