ABC26GN2565 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2006 · Marks: · Difficulty:

A manufacturer makes 800 articles at a cost of ` 1.50 per article. He fixes the selling price such that if only 600 articles are sold, he would make a profit of 30% on his outlay. However, he sold 620 articles at this price. Find his actual profit percent of the total outlay, assuming that the unsold articles are useless.

Answer

Answer (as printed):

Explanation

C.P. of 800 articles = ₹(1.50 × 800) = ₹1200. S.P. of 600 articles = $\frac{130}{100} \times 1200 = ₹1560$. S.P. of 620 articles = $\frac{1560}{600} \times 620 = ₹1612$. Profit = ₹(1612 – 1200) = ₹412. Profit % = $\frac{412}{1200} \times 100\% = 34\frac{1}{3}\%$.

Explanation as extracted from the printed page; notation may be imperfect.

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