New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A fruit vendor sold 'N' kg of mangoes at ₹120/kg. If

    he purchased the mangoes at ₹(5N - 4)/kg, then his profit percentage is 25%. Find the loss percentage of fruit vendor, when he sold all the mangoes at ₹4(N + 1)/kg.
    A 10% Correct Answer Incorrect Answer
    B 12.5% Correct Answer Incorrect Answer
    C 16.5% Correct Answer Incorrect Answer
    D 5.5% Correct Answer Incorrect Answer

    Solution

    Selling price of 1 kg of mangoes = ₹120
    Cost price of 1 kg of mangoes = ₹'5N - 4'
    Profit percentage = 25%
    125% of (5N - 4) = 120
    5N - 4 = 96
    N = 20
    Cost price of 1 kg of mangoes = ₹96
    New selling price of 1 kg of mangoes = 4(N + 1) = 4*(20 + 1) = ₹84
    Loss percentage = [(96 - 84)/96]*100 = 12.5%

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