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  5. Profit and Loss

SSC Quantitative Aptitude Profit and Loss Question Bank Profit Loss and Discount (II)

  • question_answer
    Ravi bought some toffees at a rate of two toffees for a one rupee and sold them at a rate of five for a rupee. His loss percentage will be

    A) 120

    B) 90

    C) 30

    D) 60

    Correct Answer: D

    Solution :

    [d] \[\because \]Number of toffees purchased for Rs. 1= 2 \[\therefore \] Cost price of 1 toffee \[=\frac{1}{2}=\text{Rs}.0.50\] and number of toffees sold for Rs. 1 = 5 toffees \[\therefore \] Selling price of 1 toffee\[=\frac{1}{5}=\text{Rs}.0.20\] \[\therefore \] Loss percentage             \[=\frac{0.50-0.20}{0.50}\times 100%\] \[=\frac{0.30}{0.50}\times 100%=\frac{3}{5}\times 100%=60%\]


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