Multiple Choice Questions on If the cost price of 30 mangos is the same as the selling price of 40 mangos What is the gain ........... for CDS Exam Preparation

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Multiple Choice Questions

If the cost price of 30 mangos is the same as the selling price of 40 mangos What is the gain ...........

Quantitative Aptitude (CDS) Profit and loss
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     If the cost price of 30 mangos is the same as the selling price of 40 mangos. What is the gain or loss percent?

     25%

    Correct Answer

     30%

    Incorrect Answer

     20%

    Incorrect Answer

     35%

    Incorrect Answer
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    Explanation:

    CP of 30 mangos = SP of 40mango
       CP x 30= SP x 40
       CP/ SP =  40/30= 40/3
       You can see the CP>SP, therefore there will be a loss. 
       Now consider CP = 4, then SP = 3
      Loss % =( loss/ CP )100
      =   (1/4)100 = 25%
    Loss = 25%

    By: bhavesh kumar singh
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