Tade bought 200 mangoes at 4 for #2.50. 30 out of the mangoes got spoilt and the remaining were sold at 2 for #2.40. Find the percentage profit or loss.
A. 43.6% loss B. 35% profit C. 63.2% profit D. 28% loss
Correct Answer: C
Explanation
200 mangoes at 4 for N2.50 \(\implies\) Total cost price = \(\frac{200}{4} \times N 2.50\) = N 125.00 Since 30 mangoes got spoilt \(\implies\) Left over = 200 - 30 = 170 mangoes 170 mangoes at 2 for N 2.40 \(\implies\) Total selling point = \(\frac{170}{2} \times N 2.40\) = N 204.00 Profit : N (204.00 - 125.00) = N 79.00 % profit = \(\frac{79}{125} \times 100%\) = 63.2% profit.
