AFCAT Model Paper 6

Given:
A person buys Rice for ₹ 6400
He sells one-fourth rice at a profit of 12%
Formula Used:
Selling Price = Cost Price + Profit
Calculation:
Total Cost Price of Rice = ₹ 6400
Then, total Selling Price = Cost Price + Profit = ₹ 6400 + ₹ 11% of 6400
⇒ ₹ (6400 + 704)
⇒ ₹ 7104
Cost Price of

1

4th

of given Rice = 6400/4 = ₹ 1600
Selling Price of

1

4th

of given Rice = ₹ 112% of 1600 = ₹ 1792
Cost Price of rest

3

4th

of given Rice = ₹ (6400 – 1600) = ₹ 4800
Selling Price of rest

3

4th

of given Rice = ₹ (7104 – 1792) = ₹ 5312
So, % profit =

[5312–4800]

4800

×100
⇒

512

4800

×100
⇒

8

75

×100
⇒

32

3

⇒ 10.67%
∴ Required gain percentage is 10.67%.