Question
Quantitative Aptitude Question on Profit and Loss
A trader purchased 20 apples. Half of the stock was sold at a profit of 10% and with that money he purchased five mangoes. After that he sold his entire stock at a profit of 20% thereby gaining Rs.21. Find the cost of each mango.
A
Rs.11
B
Rs.10
C
Rs.5
D
Rs.9
E
Rs. 7
Answer
Rs.11
Explanation
Solution
The correct option is (A): Rs.11.