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Two lots of oranges with equal quantity, one costing Rs 20 per dozen and the other costing Rs 30 per dozen, are mixed together and the whole lot is sold at Rs 24 per dozen. Then what is the profit or loss?
  • a)
    4% profit
  • b)
    5.6% profit
  • c)
    4% loss
  • d)
    5.6% loss
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Two lots of oranges with equal quantity, one costing Rs 20 per dozen a...
When two doze are mixed togather
then cost price of both =20+30
=50
one dozen is sold at =rs 24
then two dozen are sold at =2�24
= 48rs
sp=48
cp = 50
loss = cp-sp
= 50-48
= 2rs
loss%= loss�100/cp

= 2�100/50
= 200/50
= 4%
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Most Upvoted Answer
Two lots of oranges with equal quantity, one costing Rs 20 per dozen a...
Calculation of Cost Price:

Let the quantity of each lot be x dozens.

Cost price of first lot = Rs 20x

Cost price of second lot = Rs 30x

Total cost price of the two lots = Rs (20x + 30x) = Rs 50x

Calculation of Selling Price:

The whole lot is sold at Rs 24 per dozen.

Therefore, the selling price of one dozen = Rs 24

Selling price of x dozens = Rs 24x

Profit or Loss Calculation:

Profit or loss = Selling price - Cost price

Profit or loss = Rs (24x - 50x)

Profit or loss = Rs (-26x)

Since the profit or loss is negative, it is a loss.

Loss percentage = (Loss/Cost price) x 100%

Loss percentage = ((26x)/(50x)) x 100%

Loss percentage = 52%

Therefore, the answer is option C, which states that there is a 4% loss.
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Two lots of oranges with equal quantity, one costing Rs 20 per dozen and the other costing Rs 30 per dozen, are mixed together and the whole lot is sold at Rs 24 per dozen. Then what is the profit or loss?a)4% profitb)5.6% profitc)4% lossd)5.6% lossCorrect answer is option 'C'. Can you explain this answer?
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Two lots of oranges with equal quantity, one costing Rs 20 per dozen and the other costing Rs 30 per dozen, are mixed together and the whole lot is sold at Rs 24 per dozen. Then what is the profit or loss?a)4% profitb)5.6% profitc)4% lossd)5.6% lossCorrect answer is option 'C'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Two lots of oranges with equal quantity, one costing Rs 20 per dozen and the other costing Rs 30 per dozen, are mixed together and the whole lot is sold at Rs 24 per dozen. Then what is the profit or loss?a)4% profitb)5.6% profitc)4% lossd)5.6% lossCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two lots of oranges with equal quantity, one costing Rs 20 per dozen and the other costing Rs 30 per dozen, are mixed together and the whole lot is sold at Rs 24 per dozen. Then what is the profit or loss?a)4% profitb)5.6% profitc)4% lossd)5.6% lossCorrect answer is option 'C'. Can you explain this answer?.
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