Multiple Choice Questions on 5 kg of an article is bought at Rs 480 1 3rd of it is sold at a profit of 20 At what loss should the........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

5 kg of an article is bought at Rs 480 1 3rd of it is sold at a profit of 20 At what loss should the...........

Quant (SSC) Profit and loss
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    5 kg of an article is bought at Rs 480, 1/3rd of it is sold at a profit of 20%. At what loss% should the remaining article be sold so that there is an overall profit of 3 1/3%?

    8.5%

    Incorrect Answer

    7%

    Incorrect Answer

    6.5%

    Incorrect Answer

    5%

    Correct Answer
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    Explanation:

    Let the remaining 2/3rd be sold at x% loss
    1/3(20) + 2/3(-x) = 3 1/3 [x% loss, so used – sign]
    1/3(20) + 2/3(-x) = 10/3
    Solve, x = 5%

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