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Two third of a consignment was sold at a...

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, then value of the consignment (in rupees) was:

A

15000

B

20000

C

10000

D

12000

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The correct Answer is:
To solve the problem, we will follow these steps: ### Step 1: Define the Variables Let the total value of the consignment be \( X \) rupees. ### Step 2: Calculate the Value Sold at Profit Two-thirds of the consignment is sold at a profit of 5%. Therefore, the value sold at profit is: \[ \text{Value sold at profit} = \frac{2}{3}X \] The profit earned from this portion is: \[ \text{Profit from this portion} = \frac{5}{100} \times \frac{2}{3}X = \frac{10}{300}X = \frac{1}{30}X \] ### Step 3: Calculate the Value Sold at Loss The remaining one-third of the consignment is sold at a loss of 2%. Therefore, the value sold at loss is: \[ \text{Value sold at loss} = \frac{1}{3}X \] The loss incurred from this portion is: \[ \text{Loss from this portion} = \frac{2}{100} \times \frac{1}{3}X = \frac{2}{300}X = \frac{1}{150}X \] ### Step 4: Calculate the Total Profit The total profit from the consignment is given as Rs. 400. The total profit can be calculated as: \[ \text{Total Profit} = \text{Profit from sold portion} - \text{Loss from sold portion} \] Substituting the values we calculated: \[ 400 = \frac{1}{30}X - \frac{1}{150}X \] ### Step 5: Find a Common Denominator To simplify the equation, we need a common denominator for the fractions. The least common multiple of 30 and 150 is 150. Therefore, we can rewrite the equation as: \[ 400 = \frac{5}{150}X - \frac{1}{150}X \] This simplifies to: \[ 400 = \frac{4}{150}X \] ### Step 6: Solve for \( X \) Now, we can solve for \( X \): \[ 400 = \frac{4}{150}X \] Multiplying both sides by 150 to eliminate the fraction: \[ 400 \times 150 = 4X \] \[ 60000 = 4X \] Dividing both sides by 4: \[ X = \frac{60000}{4} = 15000 \] ### Conclusion The value of the consignment is Rs. 15,000. ---
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ARIHANT SSC-PROFIT, LOSS AND DISCOUNT-EXERCISE (LEVEL 1)
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