Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
Ranjan purchased 120 tables at a price of ₹ 110 per table. He sold 30 tables at a profit of ₹ 12 per table and 75 tables at a profit of ₹ 14 per table. The remaining tables were sold at a loss of ₹ 7 per table. What is the average profit per table?
(a)₹ 10.04
(b)₹ 10.875
(c)₹ 12.80
(d)₹ 12.875
Answer
Answer (as printed): B
Explanation
Total C.P. $=₹(120 \times 110)=₹ 13200$. Total S.P. $=₹[(30 \times 110+30 \times 12)+(75 \times 110+75 \times$ 14) $+(15 \times 110-15 \times 7)]=₹ 14505$. Average profit $=₹\left(\frac{14505-13200}{120}\right)=₹ \frac{1305}{120}=₹ 10.875$.
Explanation as extracted from the printed page; notation may be imperfect.