In what ratio must a person mix three kinds of tea costing Rs.60/kg, Rs.75/kg and Rs.100 /kg so that the resultant mixture when sold at Rs.96/kg yields a profit of 20%?
Correct Answer : C
Instead of a metre scale, a cloth merchant uses a 120 cm scale while buying, but uses an 80 cm scale while selling the same cloth. If he offers a discount of 20% on cash payment, what is his overall percent profit ?
P,Q and R enter into a partnership with capitals in the ratio 3:2:1. After 4 months, P leaves the business and after 4 more months Q also leaves the business and R continues till the end of the year. If R takes 10% of the profit for managing the business, then what part of the profit does R get?
A shopkeeper sells some toys at Rs 250 each. To find out what per cent profit he makes, which of the following information given in statements A and B is/are necessary
A. Number of toys sold
B. Cost price of each toy