Railways Sample Paper RRBs Assistant Loco Pilot and Technician CBT STAGE-I Sample Paper-12

  • question_answer
    A manufacturer sells an article to a wholesale dealer at a profit of 20% and the wholesale dealer sells it to a retail merchant at a loss of 5%. Find the resultant loss or profit.

    A)  14% loss          

    B)  14% gain

    C)  12% gain         

    D)  12% loss

    Correct Answer: B

    Solution :

    Cost price of article = Rs. x ,then Cost price of wholesaler \[=\left( \frac{100+20}{100} \right)x=Rs.\frac{6}{5}x\]                ? (i) Cost price of retailer\[=\frac{(100-5)}{100}\times \left( \frac{6}{5}x \right)\] \[=\frac{19}{20}\times \frac{6}{5}x=Rs.\frac{114}{100}x\]                     ? (ii) \[\therefore \] Required final profit \[=\frac{\left( \frac{114}{100}-1 \right)x}{x}\times 100=14%\]

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