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hasnain

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From: Chichawatni

Registered: 2014-10-13

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Profit Percentage:

Question:
A driver of auto rickshaw makes a profit of 20% on every trip when he carries 3 passengers and the price of petrol is Rs. 30 a litre. Find the % profit for the same journey if he goes for 4 passengers per trip and the price of petrol reduces to Rs. 24 litres? (revenue per passenger is same)

Option A):
65.66%
Option B):
20%
Option C):
33.33%
Option D):
100%

Correct Answer is Option D):
100%

Explanation:
Assume the cost price = 100 and selling price = 120.
Then, when price of petrol is reduced;
Cost price become 60 and selling price = 160;
Profit increased = 100%.

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