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 Some Mangoes are purchased at the rate of 8 mangoes/Rs and some more mangoes at the rate of 6 mangoes/Rs, investment being equal in both the cases.
Some Mangoes are purchased at the rate of 8 mangoes/Rs and some more mangoes at the rate of 6 mangoes/Rs, investment being equal in both the cases.
Explore the profitability of mango investments! Buy some at 8 mangoes/Rs and others at 6 mangoes/Rs. Find out the net percentage profit/loss when sold at 3.5 mangoes/Rs.
by Maivizhi A
Updated Mar 18, 2024
Some Mangoes are purchased at the rate of 8 mangoes/Rs and some more mangoes at the rate of 6 mangoes/Rs, investment being equal in both the cases. Now, the whole quantity is sold at the rate of 3.5 mangoes/Rs. What is the net percentage profit/loss?
Given:
 Mangoes purchased at 8 mangoes/Rs
 Mangoes purchased at 6 mangoes/Rs
 Total investment for both is the same
 Sold at 3.5 mangoes/Rs
To Find:
 The percentage profit/loss
Solution:

Find the number of mangoes bought with Rs 2:
 Total mangoes bought at 8 mangoes/Rs = 8
 Total mangoes bought at 6 mangoes/Rs = 6
 Total mangoes = 8 + 6 = 14

Find the average cost of a mango:
 Total investment = Rs 2
 Cost per mango = Total investment / Total mangoes = 2 / 14 = Rs 1/7

Find the selling price of a mango:
 Selling price of 3.5 mangoes = Rs 1
 Selling price of 1 mango = 1 / 3.5 = Rs 2/7

Find the profit:
 Profit per mango = Selling price per mango  Cost per mango = (2/7)  (1/7) = Rs 1/7

Find the profit percentage:
 Profit percentage = (Profit per mango / Cost per mango) * 100 = [(1/7) / (1/7)] * 100 = 100%
Answer: The profit percentage is 100%.
Profit Percentage
To calculate profit percentage, you can use the following formula:
Profit Percentage = (ProfitCost Price) × 100
Where:
 Profit is the amount earned after deducting the cost price from the selling price.
 Cost Price is the amount spent to acquire the item.
For example, if you bought an item for $50 and sold it for $70, the profit would be $20 ($70  $50), and the profit percentage would be:
Profit Percentage = (2050) × 100=40%
So, the profit percentage in this case would be 40%.
Some Mangoes are purchased at the rate of 8 mangoes/Rs and some more mangoes at the rate of 6 mangoes/Rs, investment being equal in both the cases  FAQs
1. What is the scenario described in this problem?
Mangoes are purchased at different rates but with equal investment, and then sold at a different rate.
2. How many mangoes were purchased at 8 mangoes/Rs?
8 mangoes were purchased at 8 mangoes/Rs.
3. How many mangoes were purchased at 6 mangoes/Rs?
6 mangoes were purchased at 6 mangoes/Rs.
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