Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
A farmer bought 749 sheep. He sold 700 of them for the price paid for the 749 sheep. The remaining 49 sheep were sold at the same price per head as the other 700. Based on the cost, the percent gain on the entire transaction is (M.B.A., 2010)
(a)6.5
(b)6.75
(c)7.0
(d)7.5
Answer
Answer (as printed): C
Explanation
Let C.P. of each sheep be ₹ 1. Then, C.P. of 700 sheep = ₹ 700; S.P. of 700 sheep = ₹ 749. $$\therefore \text { Gain\% }=\left(\frac{49}{700} \times 100\right) \%=7 \% .$$
Explanation as extracted from the printed page; notation may be imperfect.