Question
Easy
A fruit vendor sells two boxes of mango at the rate of Rs. 750 each. He earns 25% profit on one box and suffers a loss of 25% on another box. In this business what is his loss or profit percent ?
1
5% profit
2
Neither profit nor loss
3
6.25% profit
4
6.25% loss
Question Details
Time to Solve: 12
Exam: HTET
Level/Paper: Level 1
Chapter: Finance
Topic: Profit & Loss
Correct Answer
Option D
Explanation
To determine the fruit vendor's overall profit or loss percentage, we need to analyze the transactions for both boxes of mangoes. 1. Box 1: 25% Profit - Selling Price (SP) = Rs. 750 - Let the Cost Price (CP) be x. - Profit = 25% of CP = 0.25x - Therefore, SP = CP + Profit = x + 0.25x = 1.25x - 1.25x = 750 - Solving for x,…Read More
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