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Discussion :: Profit and Loss

  1. If goods be purchased for Rs.840 and one-fourth be sold at a loss of 20% at what gain percent should the remainder be sold so as to gain 20% on the whole transaction?
    2. A.
    30%
    B.
    33%
    C.
    33 1/3%
    D.
    35%

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    Answer : Option C

    Explanation :

    1/4 CP = 210                       SP = 21*(80/100) = 168

    SP = 840*(120/100) = 1008

    1008 - 168 = 840

    3/4 SP = 630

    Gain = 210

    630 --- 210

    100 --- ? => 33 1/3%

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