Multiple Choice Questions on Shan bought 30 liters of milk at the rate of Rs 8 per liter He got it churned after spending Rs 10 a........... for ACIO - Intelligence Bureau Preparation

Profit and loss

Quantitative Aptitude (IB)

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Indian Economy - Understanding the basics of Indian economic system

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    Shan bought 30 liters of milk at the rate of Rs.8 per liter. He got it churned after spending Rs.10 and 5kg of cream and 30 liter of toned milk were obtained. If he sold the cream at Rs.30 per kg and toned milk at Rs.4 per liter, his profit in the transaction is:

     

    20%
     

    Incorrect Answer

    8%
     

    Correct Answer

    30%
     

    Incorrect Answer

    40%

    Incorrect Answer
    Explanation:

    CP =Rs.(30 x 8 + 10) = Rs.250
    SP = Rs. (30 x 5 + 30 x 4) = Rs.270
    Gain% = (20/250 x 100)% = 8%


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