Multiple choice

Passage

Following questions have two quantities as Quantity I and Quantity II. You have to determine the relationship between them and give an answer as,

Quantity I: If the shopkeeper bought at 8 oranges for Rs. 6 and sold at 6 oranges for Rs. 8, then find the profit percentage. Quantity II: If the shopkeeper were bought at 7 mangoes for Rs. 5 and sold at 5 mangoes for Rs. 7, then find the profit percentage.

  1. Quantity I > Quantity II

  2. Quantity I ≥ Quantity II

  3. Quantity II > Quantity I

  4. Quantity II ≥ Quantity I

  5. Quantity I = Quantity II or Relation cannot be established
Reveal answer Fill a bubble to check yourself
C Correct answer
AI explanation

For Quantity I, the cost price of one orange is 6/8 = Rs. 0.75 and the selling price is 8/6 = Rs. 1.33. The profit percentage is ((1.33 - 0.75) / 0.75) * 100 = (0.58 / 0.75) * 100 = 77.7%. For Quantity II, the cost price of one mango is 5/7 = Rs. 0.71 and the selling price is 7/5 = Rs. 1.40. The profit percentage is ((1.40 - 0.71) / 0.71) * 100 = (0.69 / 0.71) * 100 = 96%. Comparing the two, Quantity II is greater than Quantity I.

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