ABC26GN2663 · Profit and Loss

Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2010 · Marks: · Difficulty:

Vinod makes a profit of ₹ 110 if he sells a certain number of pencils he has at the price of ₹ 2.50 per pencil and incurs a loss of ₹ 55 if he sells the same number of pencils for ₹ 1.75 per pencil. How many pencils does Vinod have?

(a)200

(b)220

(c)240

(d)Cannot be determined

(e)None of these

Answer

Answer (as printed): B

Explanation

Suppose Vinod has $n$ pencils. Then, $2.50 n-1.75 n=110+55$ $$\Rightarrow 0.75 n=165 \Rightarrow n=\frac{165}{0.75}=220 .$$

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

Open in whiteboard · Browse this chapter in the app