Mahesh sold 500 quintals of wheat at a profit of 5 If a quintal of wheat cost him Rs 1200 find his t...........

Quantitative Aptitude (CDS) Profit and loss

Mahesh sold 500 quintals of wheat at a profit of 5%. If a quintal of wheat cost him Rs. 1200, find his total profit and the selling price respectively.

Rs.40000 and Rs.650000

Rs.35000 and Rs.632000

Rs.30000 and Rs.630000

Rs.24000 and Rs.540000

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Explanation:

CP= 500x1200 = Rs. 6,00,000
Rate of profit = 5%
Profit = 600000x5/100= Rs.30000
SP=CP+Profit= Rs. 600000+Rs.30000= Rs. 630000
Thus profit= Rs. 30000 and selling price = Rs. 630000