Some mangoes are purchased at the rate of 8 mangoes/Rs and some more mangoes at the...
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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. Now, the whole quantity is sold at the rate of 3.5 mangoes/Rs What is the net percentage profit/loss? 1) 100% profit 2) 60% loss 3) 80% loss 4) no profit/no loss 5) None of these 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? 1) 100% profit 2) 60% loss 3) 80% loss 4) no profit/no loss 5) None of these
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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