A man purchases some apples at the rate of 3 for Rs 4 and same quantity at 4 for Rs 7 If he sells al...........

Quant (SSC) Profit and loss

A man purchases some apples at the rate of 3 for Rs 4 and same quantity at 4 for Rs 7. If he sells all the apples at the rate of 5 for Rs 9, find his gain or loss percent?

17% loss

17% gain

15% loss

15% gain

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Explanation:

Let he buys x apples at the rate 4/3 and x apples at the rate of 7/4
so cost price = 4x/3 + 7x/4 = 37x/12
and selling price = (9/5)*2x = 18x/5
% gain = [(37x/12 – 18x/5)/(37x/12)]*100 = 17% (approx)