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Home Aptitude Profit and Loss See What Others Are Saying!
  • 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 ?


  • Options
  • A. 68%
  • B. 80%
  • C. 75%
  • D. 100%

  • Correct Answer
  • 100% 

    Explanation

    When 3 passengers income was 3x
    expense= Rs.30 
    profit =20% of 30 = Rs.6 
    That means his earning is Rs.36. so that per passenger fare must be Rs.12.

    When 4 passengers
    earning = 12x4=Rs.48.
    expense =Rs.24.
    profit = Rs.24 = 100%

  • Tags: GATE, CAT, Bank Exams, AIEEE, Bank PO, Bank Clerk

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