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.

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 Option: Answer is C

Solution:

200 mangoes at 4 for N2.50
⟹ Total cost price = 200/4×N2.50
= N 125.00
Since 30 mangoes got spoilt ⟹ Left over = 200 – 30
= 170 mangoes
170 mangoes at 2 for N 2.40
⟹ Total selling point = 170/2×N2.40
= N 204.00
Profit : N (204.00 – 125.00) = N 79.00
% profit = 79/125×100
= 63.2% profit.

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