Some fruits are bought at a rate of 11 for Rs. 100 and an equal number at a rate of 9 for Rs. 100. If all the fruits are sold at a rate of 10 for Rs. 100, then what is the gain or loss percent in the entire transaction?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Loss, 1%
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Understanding |
Application |
Fair calculation |
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CP of 1 fruit from 1st lot of fruits = 100/11 CP of 1 fruit from 2nd lot of fruits = 100/9 SP of 1 fruit = 100/10 = 10 Let total fruits bought = 99 x 2 = 198 |
Total CP of 1st lot of fruits = 99 x (100/11) = 900 Total CP of 2nd lot of fruits = 99 x (100/9) = 1100
Total CP = 900 + 1100 = 2000 Total SP = 198 x (100/10) = 1980
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LCM of 9 and 11 = 99 |
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Percentage loss = (2000 – 1980)/1980 = 1% |
200/1980 = 0.01 |