Subject: General Aptitude · Chapter: Profit and Loss · Exam: 2005 · Marks: · Difficulty:
One variety of sugar is sold for ` 3.20 per kg at a loss of 20% and another variety is sold for ` 6 per kg at a gain of 20%. If equal quantities of the two are mixed together and the mixture is sold at ` 5.40 per kg, what is the loss or gain percentage?
(a)Gain 20%
(b)Loss 20%
(c)No profit, no loss
(d)None of these
Answer
Answer (as printed): A
Explanation
C.P. per kg of first variety = ` × 3.20 = ` 4. 80 100 C.P. per kg of second variety = ` × 6 = ` 5. 120 C.P. of 2 kg of sugar = ` (4 + 5) = ` 9. S.P. of 2 kg of sugar = ` (2 × 5.40) = ` 10.80. Gain = ` (10.80 – 9) = ` 1.80. 1.80 \ Gain% = × 100 % = 20%. 9
Explanation as extracted from the printed page; notation may be imperfect.