Cost Price, Selling Price, Profit Percentage. Math Tests, Questions : XAT 2020 / TANCET 2020 MBA Preparation, online training

Ascent Education - IIM, CAT, XAT, TANCET, MBA Entrance Training Classes  
 
TANCET '18 Classroom Program
 
Other Courses
 
Other Links
 
Contact Us
+91 44 4500 8484
+91 96000 48484
 
Facebook / Twitter / Blog / Videos
Follow Ascent Education's TANCET prep on Facebook   Follow Ascent's TANCET prep on Twitter   TANCET MBA prep blog   TANCET MBA prep videos   Google+

You are here: Home  »  XAT, TANCET Prep Questions »  Profits »   Question 8

Profits - XAT 2020 / TANCET 2020 Practice Questions

The question is a sample practice problem in profit, loss, discounts, an Arithmetic Topic.

Question

If apples are bought at the rate of 30 for a rupee. How many apples must be sold for a rupee so as to gain 20%?
  1. 28
  2. 25
  3. 20
  4. 22
Correct Answer - 25 apples. Choice (2)

Explanatory Answer

The merchant makes a profit of 20%.
This means that the merchant sells 30 apples for Rs.1.20

Therefore, selling price of 1 apple = 80/100

The number of apples that can be sold for Rs.1.00 = Rs.80/100.

Correct answer choice (3)



Add to del.icio.us Add to del.icio.us Stumble It Stumble It digg this digg this
XLRI | FMS | ISB
Disclaimer | Privacy Policy | Terms of Use | © 2002 - 16 Ascent Education. All rights reserved.