Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2009 · Marks: · Difficulty:
Abhishek purchased 140 shirts and 250 trousers @ ₹ 450 and @ ₹ 550 respectively. What should be the overall average selling price of shirts and trousers so that 40\% profit is earned? (rounded off to next integer)
(a)₹ 700
(b)₹ 710
(c)₹ 720
(d)₹ 725
(e)None of these
Answer
Answer (as printed): C
Explanation
Total C.P. $=₹(140 \times 450+250 \times 550)$ $=₹(63000+137500)=₹ 200500$. Total S.P. $=₹\left(\frac{140}{100} \times 200500\right)=₹ 280700$. ∴ Average S.P. $=₹\left(\frac{280700}{140+250}\right)=₹\left(\frac{280700}{390}\right)$ $=₹ 719.74 \approx 720$.
Explanation as extracted from the printed page; notation may be imperfect.