Last visit was: 15 Dec 2024, 07:22 It is currently 15 Dec 2024, 07:22
Close
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

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
User avatar
Bunuel
User avatar
Math Expert
Joined: 02 Sep 2009
Last visit: 15 Dec 2024
Posts: 97,883
Own Kudos:
686,061
 []
Given Kudos: 88,273
Products:
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 97,883
Kudos: 686,061
 []
Kudos
Add Kudos
1
Bookmarks
Bookmark this Post
User avatar
ShankSouljaBoi
Joined: 21 Jun 2017
Last visit: 17 Apr 2024
Posts: 628
Own Kudos:
Given Kudos: 4,092
Location: India
Concentration: Finance, Economics
GMAT 1: 660 Q49 V31
GMAT 2: 620 Q47 V30
GMAT 3: 650 Q48 V31
GPA: 3.1
WE:Corporate Finance (Non-Profit and Government)
Products:
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
Jawad001
Joined: 14 Sep 2019
Last visit: 10 Nov 2022
Posts: 219
Own Kudos:
145
 []
Given Kudos: 31
Posts: 219
Kudos: 145
 []
Kudos
Add Kudos
1
Bookmarks
Bookmark this Post
User avatar
PTD1995
Joined: 28 Jun 2018
Last visit: 08 Mar 2024
Posts: 123
Own Kudos:
151
 []
Given Kudos: 60
Location: Portugal
Concentration: Economics, Real Estate
GMAT 1: 700 Q49 V35
GPA: 3.92
Products:
GMAT 1: 700 Q49 V35
Posts: 123
Kudos: 151
 []
Kudos
Add Kudos
1
Bookmarks
Bookmark this Post
Option C

Buy: \(20 kgs * 6 rs = 120 rs\)
Sell: \((20 - x)*8 rs + x*5 rs\)

As there's no profit: \(Buy = Sell\):
\((20 - x)*8 + x*5 = 120\)
\(x = \frac{40}{3}\)
User avatar
EgmatQuantExpert
User avatar
e-GMAT Representative
Joined: 04 Jan 2015
Last visit: 02 Apr 2024
Posts: 3,696
Own Kudos:
Given Kudos: 165
Expert reply
Posts: 3,696
Kudos: 18,314
Kudos
Add Kudos
Bookmarks
Bookmark this Post

Solution



Given
    • A trader buys 20 kgs of wheat at the rate of Rs. 6 per kg.
    • He sells the wheat at the rate of 8 per kg and for a regular customer his rate is Rs. 5 per kg.
    • On selling the entire 20 kgs, he realizes he has not made any profit or loss.

To find
    • How many kgs were bought by regular customers?

Approach and Working out

Let x kgs were bought by regular customers.
Hence, he sold (20-x) kgs at 8 per kg and x kg as 5 per kg.
    • He did not make any profit.
      o Hence, SP = CP
      o (20-x) * 8 + x *5 = 20*6
      o 160 – 8x +5x = 120
      o 3x = 40
      o x = 40/3

Thus, option C is the correct answer.

Correct Answer: Option C
Moderator:
Math Expert
97883 posts