Profit and Loss Practice Test 3

Question : 16 of 40

Marks: +1, -0

A man bought two packets of toffees, the same number in each. The first, he bought at 5 paise each, but the second at 3 for 13 paise.He then mixed them all together and sold them at 70 paise a dozen. His gain is:

Validate

Solution:

\table \Quantity ,\CP \of \one\toffee,\Total \CP \of\toffees;120, 0.05, 6;120 ,0.13/3,5.19

Total CP of toffees of two packets = 6 + 5.19 = Rs 11.19
He sold 240 toffees at 70 paise per dozen.
Total SP = 20 dozen × 0.70 = Rs 14

\Gain%={14-11.19}/11.19×100=25%

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