get the app get the app       get the app       get the app
A retailer bought 3850 Linc pens and 1848 Cello pens at the same price. He sells Linc pens in such a way that he can buy 650 Linc pens with the sale price of 481 Linc pens. Again he can buy only 408 Cello pens with the sale price of 629 pens. What is the overall percentage of profit of the retailer?

1)4.8%

2)9.6%

3)13%

4)none of these


  • : 374
  • : 0
    Previous Next

    none of these

    Suggest other answer
    Login to Discuss/suggest the answer...

  • Exam: Profit and Loss QUESTIONS





    Let Selling Price of 1 Linc Pen = SL
    Let Cost Price of 1 Linc Pen = CL
    Let Selling Price of 1 Cello Pen = SC
    Let Cost Price of 1 Cello Pen = CC

    From "he can buy 650 Linc pens with the sale of 481 Linc pens",
    650CL=481SL

    →SLCL=650481=13×5013×37=5037

    Hence, Profit Percentage on 1 Linc Pen =
    %PL=SL−CLCL=50−3737=1337


    From "he can buy only 408 Cello pens with the sale of 629 Cello pens",
    408CL=629SL

    →SCCC=408629=17×2417×37=2437

    Hence, Profit Percentage on 1 Cello Pen =
    %PC=SC−CCCC=24−3737=−1337


    Cost of 3850 Linc Pens = 3850CL
    Cost of 1848 Cello Pens = 1848CC

    From "A retailer bought 3850 Linc pens and 1848 cello pens at the same price",
    3850CL=1848CC


    Overall Profit Percentage is the cost-weighted average of the individual Profit Percentages. Hence,
    %P=[3850CL×1337]+[1848CC×(−1337)]3850CL+1848CC

    Since, 3850CL=1848CC
    %P=[1848CC×1337]+[1848CC×(−1337)]1848CC+1848CC=0


    Hence, overall the retailer makes No Profit, No Loss.

  • : 0

    Recommended Learning for you

    Close(X)
    Subscribe here for free mock test on IAS PCS SSC and other competitive exam. Signup here to get SSC CGL Solution and main exam study material