Discussion
Arun bought 4 shirts. Out of these, he sold two shirts at a profit of 10% and one shirt at a loss of 7.5%. If all the shirts have been sold and he earned a profit of 6% in this business, then Arun sold the fourth shirt at
Answer: C
The fourth shirt was sold at an 11.5% profit.
Take the cost of each shirt as 100, so the four cost 400. A 6% overall profit means total sales of 424.
\[ \begin{aligned} 2 \times 110 + 92.5 &= 312.5 \\ 424 - 312.5 &= 111.5 \end{aligned} \]
The fourth shirt sold for 111.5 against a cost of 100, an 11.5% profit. The first three shirts together earn only 12.5 on a cost of 300, about 4.2%, which is below the 6% target, so the fourth must be sold at more than 6% profit; that rules out both loss options and the 3.5% profit.
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development