Multiple choice

In each of the following questions, read the given statement and compare the Quantity I and Quantity II on its basis. (only quantity is to be considered) Find the profit percent of shopkeeper $Quantity I : Ratio of MP and CP is 5:3 and he offers a discount of 20% on cash payment.$ $Quantity II Shopkeeper purchased some apples at rate of 45 Rs/dozen and sold all at rate of 5 Rs/banana.$

  1. Quantity I > Quantity II

  2. Quantity I ≥ Quantity II

  3. Quantity I < Quantity II

  4. Quantity II ≥ Quantity I

  5. Quantity I = Quantity II or relation can't be established
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Quantity I: MP:CP = 5:3, let MP = 5x, CP = 3x. 20% discount means SP = 0.8 × 5x = 4x. Profit = SP - CP = 4x - 3x = x. Profit percent = (x/3x) × 100 = 33.33%. Quantity II: Problem mentions 'apples' then 'bananas' - appears to have inconsistent units. If 12 items purchased at Rs 45/dozen and sold at Rs 5/item, profit = (60 - 45)/45 = 33.33%. Both quantities give equal profit, so answer E is correct.

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