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11 Aug 2022, 17:32
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A
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Difficulty:
95%
(hard)
Question Stats:
0% (00:00) correct
100%
(04:00)
wrong
based on 6
sessions
History
Date
Time
Result
Not Attempted Yet
A shopkeeper Jimmy gets cheated while buying rice where the wholesaler gives him only 800g for the price of 1000g. Jimmy while selling marks up the price of 1000g of rice by 20% and also cheats his customers by giving only 750g for the price of 1000g. The wholesaler sells the rice at 1000 cents/kg and Mohanlal has 10000 cents with him and he spent all of his money to buy rice then find the approximate profit(+)/loss(-) occurred to him.
A. (+)2800
B. (+)3000
C. (-)2000
D. (-)2600
E. (-)3200
(adapted from gmatfree)
A. (+)2800
B. (+)3000
C. (-)2000
D. (-)2600
E. (-)3200
(adapted from gmatfree)
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12 Aug 2022, 00:06
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Clearly, Jimmy thinks he buys 10Kgs of rice from the wholesaler. (10K cents spent on 1K cent per KG at cheat wholesalers)
So CP 10K cents
He goes home, find out he's been cheated and actually has 8KG not 10, and marks up by 20% to 1.2K cents per KG. He also decides to sell 750g bags dishonestly labelled as 1000g. Needs to get rid of 8KGs this way, basically (8/0.75) =(32/3) bags, each bag fetching him 1.2K cents, that's (1.2K * (32/3)) = 12800 cents
Profit = 12800-10000= 2800. Ans A
So CP 10K cents
He goes home, find out he's been cheated and actually has 8KG not 10, and marks up by 20% to 1.2K cents per KG. He also decides to sell 750g bags dishonestly labelled as 1000g. Needs to get rid of 8KGs this way, basically (8/0.75) =(32/3) bags, each bag fetching him 1.2K cents, that's (1.2K * (32/3)) = 12800 cents
Profit = 12800-10000= 2800. Ans A
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Problem Solving (PS) Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
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