Mangoes are bought at a rate of Rs.10000 per ton. If one-third of the total mangoes are sold at a loss of 4%, then at what price (per ton) should the remaining mangoes be sold so as to gain 30% on the whole transaction?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Rs.14700
| Understanding | Application |
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We want to gain 30% profit.
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So, Total selling price should be = 30,000/100 × 130 = Rs. 39000 |
| 1/3rd (= 1000 kg) of the mangoes are sold at 4% loss. |
So, SP of 1/3rd of mangoes = 10,000/100 × 96 = Rs. 9600 Hence, 2/3 of the total mangoes (i.e. 2 tons) should be sold at = 39000 - 9600 = Rs. 29400 or 29400/2 = Rs. 14700 per ton |