Symbiosis National Aptitude Test SNAP 2012 Paper

Question : 12 of 150

Marks: +1, -0

A man buys apples at a certain price per dozen and sells them at eight times per hundred. What is his gain or loss per cent?

Solution:

Let man buys apples at ₹ x per dozen.
∴ Cost price =

x/{12}

and selling price =

{8x}/{100}

Here, S.P < C.P., therefore
There is loss
which is equal to CP – SP
=

x/{12} - {8x}/{100}

{25x-24x}/{300}

x/{300}

∴ Loss per cent =

{\Loss}/{CP} × 100

x/{300}×100×{12}/x

= 4%

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