Question

Two third of a consignment was sold at a profit of 5% and the remainder at a loss of 2%. If the total profit was Rs 400. Find the value of the consignment.

• A. 15,000
• B. 20,000
• C. 1,20,000
• D. 12,000

Answer 1

The correct option is A

15,000

Let the value of the consignment be Rs y
Profit on 2/3 of consignment = Rs (5 × 2 × y) / (100 × 3) = Rs 10y / 300
Loss on 1/3 of consignment = Rs (1 × y × 2) / (3 × 100) = Rs 2y / 300
According to problem
10y / 300 - 2y / 300 = 400

On multiplying by 300 we get
10y - 2y = 120000
8y = 120000
y = 120000/8
y = 15000
Therefore value of the consignment = Rs 15000