SSC CHSL 2024 PYQ — Question 64

SSC CHSL - 10 July 2024 - Shift 2 • Quantitative Aptitude • Q64

A vendor buys 20 dozen bananas for ₹1,200 and sells 5 dozen for ₹350, then his gain percentage is:

Show answer & explanation

Correct answer: D

Explanation

The correct answer is Option 4 i.e. 162316\frac{2}{3}%.

The vendor buys 20 dozen bananas for ₹1200

The Cost Price per dozen = 1200/20 = ₹60

The vendor sells 5 dozen bananas for ₹350

The Selling Price per dozen = 350/5 = ₹70

Now,

Profit = Selling Price - Cost Price = 70 - 60 = ₹10

Thus,

Gain% = Profit%/CP × 100

⇒ 10/60 × 100 = 100/6 = 16.67% or 162316\frac{2}{3}%