Events & Promotions
|
|
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Jun 0210:00 AM PDT
-11:00 AM PDT
Probability is one of the most important GMAT Quant topics because it often combines logic, counting, set theory, and permutations & combinations. Many students try to solve probability questions by listing every possible case, but GMAT probability...
May 2110:00 AM EDT
-11:59 PM EDT
Make the most of your break with the most realistic GMAT™ prep. Take up to $700 off select products.
May 2910:00 AM IST
-11:00 PM IST
Start your journey with a fully customized action plan and work with a dedicated mentor to achieve a 735+ score.- Jun 10
06:00 AM PDT
-06:15 PM PDT
Register for the GMAT Club Virtual MBA Spotlight Fair – the world’s premier event for serious MBA candidates. This is your chance to hear directly from Admissions Directors at nearly every Top 30 MBA program..
12 Sep 2022, 08:30
Kudos
Bookmarks
A
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
65%
(hard)
Question Stats:
65% (03:15) correct
35%
(03:55)
wrong
based on 17
sessions
History
Date
Time
Result
Not Attempted Yet
A trader bought two equal lots (in equal weight) of lemons, one at the rate of Rs 60 per 2.4 kg , and the other at the rate of Rs 70 per 1.4 kg. The trader then sells the two lots at the rate of Rs 42 per 1.5 kg and Rs 64 for Rs 1.6 kg respectively. What percentage profit/loss was incurred in the transaction?
A. 9.33
B. 11.11
C. 14.28
D. 16.66
E. 21.66
A. 9.33
B. 11.11
C. 14.28
D. 16.66
E. 21.66
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 below for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
13 Sep 2022, 00:05
Kudos
Bookmarks
pintukr
Solution:
Since the weight of both the lots is the same, we can work on per kg basis.
1st lot:
CP of 1 kg \(=\frac{60}{2.4}=\frac{600}{24}=25\)
SP of 1 kg \(=\frac{42}{1.5}=\frac{420}{15}=28\)
2nd lot:
CP of 1 kg \(=\frac{70}{1.4}=\frac{700}{14}=50\)
SP of 1 kg \(=\frac{64}{1.6}=\frac{640}{16}=40\)
Total CP =25+50=75
Total SP =28+40=68
Loss percent \(=\frac{75-68}{75}\times 100=\frac{7}{75}\times 100=9.33\%\)
Hence the right answer is Option 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!
Moderator:
