Question 77

In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones. His overall profit is

Name: In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones. His overall profit is
Uploaded: July 3, 2020, 10:17 a.m.
Duration: 2 min 27 s
Description: In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones. His overall profit is

Solution

Let the cost of good mangoes be 2x per kg. The cost of medium mangoes be x per kg.

CP of good mangoes = 160x

CP of medium mangoes = 40x

His selling price = 0.9*2x = 1.80x

Therefore, total revenue generated by selling all the mangoes = 120*1.8x = 216x

Hence, the profit % = $$\frac{16x}{200x} * 100 $$ = 8%

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In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones. His overall profit is

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