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Question

A milkman purchases 25 liters of milk from a dairy for Rs.800 and sells it at the rate of 33.50 per liter. What is the profit or loss %? (rounded off)

A Profit 4.7% Correct Answer Incorrect Answer
B Loss 4.8% Correct Answer Incorrect Answer
C Loss 5.1% Correct Answer Incorrect Answer
D Profit 5.3% Correct Answer Incorrect Answer

Solution

CP of 25 liters of ilk = Rs 800 SP of 25 literss of milk = 800/25 = Rs 33.5 SP of 25 liters of milk = 25 x 33.5 = 837.5 Profit = 837.5 - 800 = 37.5 Profit % = 37.5 / 800 x 100 = 4.6875% = 4.7%

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