Question
Download Solution PDFTwo 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. Find the profit or loss in percentage?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept used:
1 dozen = 12 elements
Calculation:
Let's assume that the total number of oranges is 24, so, in the 1st lot and 2nd lot have 12 oranges each.
So, total cost price of 24 oranges is (20 + 30) = 50
Then, cost price of 12 oranges(1-dozen) = 50/24 × 12 = 25
Now, CP of 1 dozen oranges is 25 and SP = 24, then loss% = (25 - 24)/25 × 100 = 4%
∴ The correct answer is 4% loss
Last updated on Jun 27, 2025
-> Check out the UGC NET Answer key 2025 for the exams conducted from 25th June.
-> The UGC Net Admit Card has been released on its official website today.
-> The UGC NET June 2025 exam will be conducted from 25th to 29th June 2025.
-> The UGC-NET exam takes place for 85 subjects, to determine the eligibility for 'Junior Research Fellowship’ and ‘Assistant Professor’ posts, as well as for PhD. admissions.
-> The exam is conducted bi-annually - in June and December cycles.
-> The exam comprises two papers - Paper I and Paper II. Paper I consists of 50 questions and Paper II consists of 100 questions.
-> The candidates who are preparing for the exam can check the UGC NET Previous Year Papers and UGC NET Test Series to boost their preparations.