What is the profit or loss when a shopkeeper bought 4 mangoes for Rs 6 and sold them 4 mangoes for R...........

Quantitative Aptitude ( CCS) Profit and loss

What is the profit or loss % when a shopkeeper bought 4 mangoes for Rs. 6 and sold them @ 4 mangoes for Rs. 4?

25%

30.333%

33.333%

49%

Cost of 4 mangoes = Rs. 6

Cost of 1 mango = Rs. 6/4 = Rs. 1.5

Now, Selling Price of 4 mangoes = Rs. 4

Selling Price of 1 mango = Rs. 4/4 = Rs. 1.0

We observe that, S.P < C.P

Hence, the shopkeeper incurs a loss.

Required loss% = loss/C.P x 100

Loss = 1.5 - 1 = 0.5

C.P = 1.5

Loss% = (0.5/1.5) x 100

= (5/15) x 100

= 1/3 x 100

= 100/3 = 33.333%.

Hence, option 3 is the correct answer.

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