send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
B purchased 15 kg apples at the rate of ?180 per kg from a wholesaler who uses a weight of 950 grams for the kg weight. B sold all these apples at ?180 per kg but used a weight of 750 grams for the kg weight. Find the percentage profit earned by B in the transaction (correct to 2 places of decimal).
22.55%
25.75%
33.33%
26.67%
Let’s break down the solution:
- B purchases: 15 kg apples (as per wholesaler's balance), but each “kg” is only 950g.
- Total actual apples received: 15 × 950g = 14,250g = 14.25 kg actual apples.
- Cost price: 15 × ?180 = ?2,700.
- B sells at: ?180 per kg, but his “kg” is only 750g.
- Total ‘kgs’ sold (as per B’s weight): 14,250g ÷ 750g = 19 “kgs” (units sold).
- Total selling price: 19 × ?180 = ?3,420.
Profit = Selling Price – Cost Price = ?3,420 – ?2,700 = ?720
Profit % = (Profit / Cost Price) × 100 = (720 / 2700) × 100 = 26.67%
Option 4: 26.67%
- Other options:
- 22.55%, 25.75% and 33.33% do not match the calculated value.
- The right strategy is: Always convert weights to actual quantity before profit calculation.
- B’s profit is due to both buying and selling with less than a kg per labeled “kg”.
Correct Answer: Option 4: 26.67%
By: Parvesh Mehta ProfileResourcesReport error
Access to prime resources
New Courses