Q37
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)
A.
20%
B.
33.33%
C.
100%
AnswerD.
65.66%
E.
Data inadequate
Answer: Option C
Solution
Answer: Option C
Solution:
Assume the cost price = 100 and selling price = 120Then, when price of petrol is reduced
Cost price become 60 and selling price = 160
Profit increased = 100%